Historic Panamanian Balboa Pound sterling

Panamanian Balboa pound sterling history for January 2024. The highest quote for this month is 0.81145 (05/01/2024) and the lowest 0.80956 (03/01/2024). The difference between high and low is 0.23.

PAB GBP average rate for January 2024 is 0.80265, the change between 01/01/2024 and 31/01/2024 is -0.51 %.

01 January 20241 PAB = 0.8022 GBP
02 January 20241 PAB = 0.8016 GBP
03 January 20241 PAB = 0.8104 GBP
04 January 20241 PAB = 0.8082 GBP
05 January 20241 PAB = 0.8069 GBP
07 January 20241 PAB = 0.7863 GBP
08 January 20241 PAB = 0.8069 GBP
09 January 20241 PAB = 0.8034 GBP
10 January 20241 PAB = 0.8053 GBP
11 January 20241 PAB = 0.8030 GBP
12 January 20241 PAB = 0.8007 GBP
14 January 20241 PAB = 0.7841 GBP
15 January 20241 PAB = 0.8046 GBP
16 January 20241 PAB = 0.8056 GBP
17 January 20241 PAB = 0.8086 GBP
18 January 20241 PAB = 0.8074 GBP
19 January 20241 PAB = 0.8053 GBP
21 January 20241 PAB = 0.7873 GBP
22 January 20241 PAB = 0.8066 GBP
23 January 20241 PAB = 0.8057 GBP
24 January 20241 PAB = 0.8068 GBP
25 January 20241 PAB = 0.8048 GBP
26 January 20241 PAB = 0.8050 GBP
28 January 20241 PAB = 0.7877 GBP
29 January 20241 PAB = 0.8054 GBP
30 January 20241 PAB = 0.8056 GBP
31 January 20241 PAB = 0.8063 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
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PAB GBP January 2024
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