Panamanian Balboa costa rican colón exchange rate history (PAB CRC) September 2023

Panamanian Balboa costa rican colón history for September 2023. The highest quote for this month is 538.65 (01/09/2023) and the lowest 538.64 (01/09/2023). The difference between high and low is 0.

PAB CRC average rate for September 2023 is 534.90208, the change between 01/09/2023 and 30/09/2023 is +1.32 %.

01 September 2023	1 PAB = 538.7 CRC
04 September 2023	1 PAB = 538.6 CRC
05 September 2023	1 PAB = 536.5 CRC
06 September 2023	1 PAB = 536.1 CRC
07 September 2023	1 PAB = 535.6 CRC
08 September 2023	1 PAB = 535.2 CRC
11 September 2023	1 PAB = 535.2 CRC
12 September 2023	1 PAB = 536.0 CRC
13 September 2023	1 PAB = 536.9 CRC
14 September 2023	1 PAB = 534.3 CRC
15 September 2023	1 PAB = 532.5 CRC
18 September 2023	1 PAB = 529.4 CRC
19 September 2023	1 PAB = 529.4 CRC
20 September 2023	1 PAB = 529.6 CRC
21 September 2023	1 PAB = 530.6 CRC
22 September 2023	1 PAB = 532.7 CRC
23 September 2023	1 PAB = 536.5 CRC
24 September 2023	1 PAB = 536.5 CRC
25 September 2023	1 PAB = 535.3 CRC
26 September 2023	1 PAB = 536.6 CRC
27 September 2023	1 PAB = 538.0 CRC
28 September 2023	1 PAB = 538.0 CRC
29 September 2023	1 PAB = 537.9 CRC
30 September 2023	1 PAB = 531.6 CRC

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

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.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

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.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

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.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.

Historic Panamanian Balboa Costa Rican colón