Panamanian Balboa pound sterling exchange rate history (PAB GBP) December 2023

Panamanian Balboa pound sterling history for December 2023. The highest quote for this month is 0.81854 (08/12/2023) and the lowest 0.8143 (13/12/2023). The difference between high and low is 0.52.

PAB GBP average rate for December 2023 is 0.80422, the change between 01/12/2023 and 31/12/2023 is +3.05 %.

01 December 2023	1 PAB = 0.8102 GBP
03 December 2023	1 PAB = 0.7864 GBP
04 December 2023	1 PAB = 0.8045 GBP
05 December 2023	1 PAB = 0.8097 GBP
06 December 2023	1 PAB = 0.8128 GBP
07 December 2023	1 PAB = 0.8147 GBP
08 December 2023	1 PAB = 0.8126 GBP
10 December 2023	1 PAB = 0.7969 GBP
11 December 2023	1 PAB = 0.8140 GBP
12 December 2023	1 PAB = 0.8147 GBP
13 December 2023	1 PAB = 0.8144 GBP
14 December 2023	1 PAB = 0.8109 GBP
15 December 2023	1 PAB = 0.8016 GBP
17 December 2023	1 PAB = 0.7887 GBP
18 December 2023	1 PAB = 0.8032 GBP
19 December 2023	1 PAB = 0.8090 GBP
20 December 2023	1 PAB = 0.8044 GBP
21 December 2023	1 PAB = 0.8095 GBP
22 December 2023	1 PAB = 0.8069 GBP
24 December 2023	1 PAB = 0.7875 GBP
25 December 2023	1 PAB = 0.8062 GBP
26 December 2023	1 PAB = 0.8045 GBP
27 December 2023	1 PAB = 0.8025 GBP
28 December 2023	1 PAB = 0.7993 GBP
29 December 2023	1 PAB = 0.7993 GBP
31 December 2023	1 PAB = 0.7854 GBP

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

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.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

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.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

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.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.

Historic Panamanian Balboa Pound sterling