Panamanian Balboa canadian dollar exchange rate history (PAB CAD) November 2023

Panamanian Balboa canadian dollar history for November 2023. The highest quote for this month is 1.4233 (01/11/2023) and the lowest 1.4183 (01/11/2023). The difference between high and low is 0.35.

PAB CAD average rate for November 2023 is 1.39859, the change between 01/11/2023 and 30/11/2023 is +2.13 %.

01 November 2023	1 PAB = 1.421 CAD
02 November 2023	1 PAB = 1.418 CAD
03 November 2023	1 PAB = 1.410 CAD
06 November 2023	1 PAB = 1.411 CAD
07 November 2023	1 PAB = 1.402 CAD
08 November 2023	1 PAB = 1.411 CAD
09 November 2023	1 PAB = 1.411 CAD
10 November 2023	1 PAB = 1.414 CAD
11 November 2023	1 PAB = 1.380 CAD
12 November 2023	1 PAB = 1.380 CAD
13 November 2023	1 PAB = 1.418 CAD
14 November 2023	1 PAB = 1.412 CAD
15 November 2023	1 PAB = 1.403 CAD
16 November 2023	1 PAB = 1.400 CAD
17 November 2023	1 PAB = 1.407 CAD
18 November 2023	1 PAB = 1.372 CAD
19 November 2023	1 PAB = 1.371 CAD
20 November 2023	1 PAB = 1.411 CAD
21 November 2023	1 PAB = 1.405 CAD
22 November 2023	1 PAB = 1.403 CAD
23 November 2023	1 PAB = 1.402 CAD
24 November 2023	1 PAB = 1.401 CAD
25 November 2023	1 PAB = 1.364 CAD
26 November 2023	1 PAB = 1.363 CAD
27 November 2023	1 PAB = 1.400 CAD
28 November 2023	1 PAB = 1.392 CAD
29 November 2023	1 PAB = 1.389 CAD
30 November 2023	1 PAB = 1.391 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.

Historic Panamanian Balboa Canadian dollar