Panamanian Balboa danish krone exchange rate history (PAB DKK) December 2023

Panamanian Balboa danish krone history for December 2023. The highest quote for this month is 7.1109 (08/12/2023) and the lowest 7.0822 (11/12/2023). The difference between high and low is 0.4.

PAB DKK average rate for December 2023 is 6.94978, the change between 01/12/2023 and 31/12/2023 is +3.61 %.

01 December 2023	1 PAB = 7.00 DKK
03 December 2023	1 PAB = 6.85 DKK
04 December 2023	1 PAB = 7.00 DKK
05 December 2023	1 PAB = 7.04 DKK
06 December 2023	1 PAB = 7.07 DKK
07 December 2023	1 PAB = 7.09 DKK
08 December 2023	1 PAB = 7.07 DKK
09 December 2023	1 PAB = 6.92 DKK
10 December 2023	1 PAB = 6.92 DKK
11 December 2023	1 PAB = 7.08 DKK
12 December 2023	1 PAB = 7.08 DKK
13 December 2023	1 PAB = 7.07 DKK
14 December 2023	1 PAB = 7.01 DKK
15 December 2023	1 PAB = 6.94 DKK
16 December 2023	1 PAB = 6.84 DKK
17 December 2023	1 PAB = 6.84 DKK
18 December 2023	1 PAB = 6.96 DKK
19 December 2023	1 PAB = 6.98 DKK
20 December 2023	1 PAB = 6.95 DKK
21 December 2023	1 PAB = 6.97 DKK
22 December 2023	1 PAB = 6.93 DKK
24 December 2023	1 PAB = 6.77 DKK
25 December 2023	1 PAB = 6.92 DKK
26 December 2023	1 PAB = 6.91 DKK
27 December 2023	1 PAB = 6.90 DKK
28 December 2023	1 PAB = 6.87 DKK
29 December 2023	1 PAB = 6.85 DKK
31 December 2023	1 PAB = 6.75 DKK

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

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.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

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.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.

Historic Panamanian Balboa Danish Krone