Panamanian Balboa colombian peso exchange rate history (PAB COP) August 2023

Panamanian Balboa colombian peso history for August 2023. The highest quote for this month is 4247.4 (04/08/2023) and the lowest 4220.18 (04/08/2023). The difference between high and low is 0.64.

PAB COP average rate for August 2023 is 4150.0084, the change between 01/08/2023 and 31/08/2023 is -4.91 %.

01 August 2023	1 PAB = 3994.03 COP
02 August 2023	1 PAB = 4059.72 COP
03 August 2023	1 PAB = 4129.81 COP
04 August 2023	1 PAB = 4214.17 COP
07 August 2023	1 PAB = 4211.11 COP
08 August 2023	1 PAB = 4123.39 COP
09 August 2023	1 PAB = 4145.03 COP
10 August 2023	1 PAB = 4145.72 COP
11 August 2023	1 PAB = 4079.39 COP
12 August 2023	1 PAB = 3972.47 COP
14 August 2023	1 PAB = 4039.91 COP
15 August 2023	1 PAB = 4130.27 COP
16 August 2023	1 PAB = 4189.91 COP
17 August 2023	1 PAB = 4218.39 COP
18 August 2023	1 PAB = 4191.28 COP
20 August 2023	1 PAB = 4116.47 COP
21 August 2023	1 PAB = 4224.92 COP
22 August 2023	1 PAB = 4159.27 COP
23 August 2023	1 PAB = 4207.90 COP
24 August 2023	1 PAB = 4189.37 COP
25 August 2023	1 PAB = 4176.63 COP
28 August 2023	1 PAB = 4215.42 COP
29 August 2023	1 PAB = 4218.97 COP
30 August 2023	1 PAB = 4206.53 COP
31 August 2023	1 PAB = 4190.13 COP

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

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.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

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.

01/10/1908: 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.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.

Historic Panamanian Balboa Colombian Peso