Panamanian Balboa brazilian real exchange rate history (PAB BRL) December 2023

Panamanian Balboa brazilian real history for December 2023. The highest quote for this month is 5.0912 (13/12/2023) and the lowest 5.0614 (13/12/2023). The difference between high and low is 0.59.

PAB BRL average rate for December 2023 is 4.97348, the change between 01/12/2023 and 31/12/2023 is +3.68 %.

01 December 2023	1 PAB = 5.04 BRL
02 December 2023	1 PAB = 4.872 BRL
03 December 2023	1 PAB = 4.880 BRL
04 December 2023	1 PAB = 5.01 BRL
05 December 2023	1 PAB = 5.06 BRL
06 December 2023	1 PAB = 5.04 BRL
07 December 2023	1 PAB = 5.01 BRL
08 December 2023	1 PAB = 5.02 BRL
09 December 2023	1 PAB = 4.926 BRL
10 December 2023	1 PAB = 4.926 BRL
11 December 2023	1 PAB = 5.00 BRL
12 December 2023	1 PAB = 5.05 BRL
13 December 2023	1 PAB = 5.08 BRL
14 December 2023	1 PAB = 5.03 BRL
15 December 2023	1 PAB = 5.03 BRL
16 December 2023	1 PAB = 4.941 BRL
17 December 2023	1 PAB = 4.941 BRL
18 December 2023	1 PAB = 5.01 BRL
19 December 2023	1 PAB = 5.01 BRL
20 December 2023	1 PAB = 4.984 BRL
21 December 2023	1 PAB = 5.03 BRL
22 December 2023	1 PAB = 4.997 BRL
23 December 2023	1 PAB = 4.852 BRL
24 December 2023	1 PAB = 4.852 BRL
25 December 2023	1 PAB = 4.977 BRL
26 December 2023	1 PAB = 4.977 BRL
27 December 2023	1 PAB = 4.916 BRL
28 December 2023	1 PAB = 4.938 BRL
29 December 2023	1 PAB = 4.937 BRL
31 December 2023	1 PAB = 4.853 BRL

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

01/01/2011: Replacement of Paper Banknotes with Polymer Banknotes

Panama replaced the paper banknotes with polymer banknotes to enhance durability and security of the Balboa currency.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

15/10/1941: First Issue of Panamanian Balboa Banknotes

The first series of paper banknotes denominated in Balboa were issued by the Panamanian Currency Board.

01/10/1941: Introduction of the Balboa as Legal Tender

The Panamanian government introduced the Balboa as a legal tender, equivalent in value to the US dollar.

01/10/1908: Creation of Panamanian Currency Board

The Panamanian Currency Board was established to issue paper money and stabilize the monetary system.

01/01/1907: Use of US Dollar in Panama

The US dollar became the official currency of Panama due to the presence of American workers during the canal construction.

18/11/1904: Panama Canal Construction Begins

The construction of the Panama Canal started, which would later lead to the need for a national currency.

Historic Panamanian Balboa Brazilian Real