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

Panamanian Balboa pound sterling history for October 2023. The highest quote for this month is 0.85033 (04/10/2023) and the lowest 0.84627 (03/10/2023). The difference between high and low is 0.48.

PAB GBP average rate for October 2023 is 0.8393, the change between 01/10/2023 and 31/10/2023 is -2.74 %.

01 October 2023	1 PAB = 0.8201 GBP
02 October 2023	1 PAB = 0.8382 GBP
03 October 2023	1 PAB = 0.8466 GBP
04 October 2023	1 PAB = 0.8479 GBP
05 October 2023	1 PAB = 0.8448 GBP
06 October 2023	1 PAB = 0.8428 GBP
09 October 2023	1 PAB = 0.8419 GBP
10 October 2023	1 PAB = 0.8364 GBP
11 October 2023	1 PAB = 0.8328 GBP
12 October 2023	1 PAB = 0.8314 GBP
13 October 2023	1 PAB = 0.8405 GBP
16 October 2023	1 PAB = 0.8425 GBP
17 October 2023	1 PAB = 0.8385 GBP
18 October 2023	1 PAB = 0.8421 GBP
19 October 2023	1 PAB = 0.8434 GBP
20 October 2023	1 PAB = 0.8442 GBP
22 October 2023	1 PAB = 0.8224 GBP
23 October 2023	1 PAB = 0.8435 GBP
24 October 2023	1 PAB = 0.8363 GBP
25 October 2023	1 PAB = 0.8420 GBP
26 October 2023	1 PAB = 0.8461 GBP
27 October 2023	1 PAB = 0.8438 GBP
29 October 2023	1 PAB = 0.8244 GBP
30 October 2023	1 PAB = 0.8474 GBP
31 October 2023	1 PAB = 0.8425 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