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 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
PAB GBP August 2024
PAB GBP September 2024
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PAB GBP November 2024
PAB GBP December 2024
PAB GBP January 2025