Historic Panamanian Balboa Pound sterling

Panamanian Balboa pound sterling history for February 2024. The highest quote for this month is 0.81659 (15/02/2024) and the lowest 0.81459 (16/02/2024). The difference between high and low is 0.24.

PAB GBP average rate for February 2024 is 0.80783, the change between 01/02/2024 and 29/02/2024 is -0.15 %.

01 February 20241 PAB = 0.8088 GBP
02 February 20241 PAB = 0.8033 GBP
05 February 20241 PAB = 0.8035 GBP
06 February 20241 PAB = 0.8159 GBP
07 February 20241 PAB = 0.8116 GBP
08 February 20241 PAB = 0.8106 GBP
09 February 20241 PAB = 0.8107 GBP
11 February 20241 PAB = 0.7919 GBP
12 February 20241 PAB = 0.8108 GBP
13 February 20241 PAB = 0.8108 GBP
14 February 20241 PAB = 0.8131 GBP
15 February 20241 PAB = 0.8147 GBP
16 February 20241 PAB = 0.8129 GBP
18 February 20241 PAB = 0.7936 GBP
19 February 20241 PAB = 0.8117 GBP
20 February 20241 PAB = 0.8135 GBP
21 February 20241 PAB = 0.8106 GBP
22 February 20241 PAB = 0.8101 GBP
23 February 20241 PAB = 0.8079 GBP
25 February 20241 PAB = 0.7891 GBP
26 February 20241 PAB = 0.8085 GBP
27 February 20241 PAB = 0.8071 GBP
28 February 20241 PAB = 0.8074 GBP
29 February 20241 PAB = 0.8101 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.
PAB GBP July 2023
PAB GBP August 2023
PAB GBP September 2023
PAB GBP October 2023
PAB GBP November 2023
PAB GBP December 2023
PAB GBP January 2024
PAB GBP February 2024
PAB GBP March 2024
PAB GBP April 2024
PAB GBP May 2024
PAB GBP June 2024
PAB GBP July 2024