Historic Panamanian Balboa Canadian dollar

Panamanian Balboa canadian dollar history for January 2024. The highest quote for this month is 1.3842 (18/01/2024) and the lowest 1.3819 (18/01/2024). The difference between high and low is 0.17.

PAB CAD average rate for January 2024 is 1.36407, the change between 01/01/2024 and 31/01/2024 is -1.47 %.

01 January 20241 PAB = 1.352 CAD
02 January 20241 PAB = 1.351 CAD
03 January 20241 PAB = 1.363 CAD
04 January 20241 PAB = 1.367 CAD
05 January 20241 PAB = 1.367 CAD
06 January 20241 PAB = 1.336 CAD
07 January 20241 PAB = 1.336 CAD
08 January 20241 PAB = 1.371 CAD
09 January 20241 PAB = 1.367 CAD
10 January 20241 PAB = 1.371 CAD
11 January 20241 PAB = 1.369 CAD
12 January 20241 PAB = 1.369 CAD
13 January 20241 PAB = 1.341 CAD
14 January 20241 PAB = 1.341 CAD
15 January 20241 PAB = 1.374 CAD
16 January 20241 PAB = 1.376 CAD
17 January 20241 PAB = 1.379 CAD
18 January 20241 PAB = 1.382 CAD
19 January 20241 PAB = 1.380 CAD
20 January 20241 PAB = 1.343 CAD
21 January 20241 PAB = 1.343 CAD
22 January 20241 PAB = 1.376 CAD
23 January 20241 PAB = 1.380 CAD
24 January 20241 PAB = 1.378 CAD
25 January 20241 PAB = 1.385 CAD
26 January 20241 PAB = 1.379 CAD
27 January 20241 PAB = 1.345 CAD
28 January 20241 PAB = 1.345 CAD
29 January 20241 PAB = 1.376 CAD
30 January 20241 PAB = 1.374 CAD
31 January 20241 PAB = 1.372 CAD

07/11/2013: Change in banknote design and security features

The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.

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.

31/03/1983: Currency Control Law Implemented

Panama implemented a currency control law to regulate the use and circulation of the Balboa and prevent counterfeiting.

15/08/1971: Canada switches to a floating exchange rate

Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.

01/03/1950: Introduction of the Canadian dollar's decimalization

Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.

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.

01/01/1933: Currency depreciation during the Great Depression

The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.

02/01/1914: Introduction of the Canadian Dollar Act

The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.

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.

01/01/1858: Introduction of the Canadian dollar

The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.

01/01/1841: Introduction of the Canadian pound

The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.
PAB CAD July 2023
PAB CAD August 2023
PAB CAD September 2023
PAB CAD October 2023
PAB CAD November 2023
PAB CAD December 2023
PAB CAD January 2024
PAB CAD February 2024
PAB CAD March 2024
PAB CAD April 2024
PAB CAD May 2024
PAB CAD June 2024
PAB CAD July 2024