Historic Panamanian Balboa Danish Krone

Panamanian Balboa danish krone history for January 2024. The highest quote for this month is 7.0559 (30/01/2024) and the lowest 7.0369 (29/01/2024). The difference between high and low is 0.27.

PAB DKK average rate for January 2024 is 6.95021, the change between 01/01/2024 and 31/01/2024 is -2.06 %.

01 January 20241 PAB = 6.90 DKK
02 January 20241 PAB = 6.89 DKK
03 January 20241 PAB = 6.97 DKK
04 January 20241 PAB = 6.99 DKK
05 January 20241 PAB = 6.97 DKK
06 January 20241 PAB = 6.81 DKK
07 January 20241 PAB = 6.81 DKK
08 January 20241 PAB = 6.99 DKK
09 January 20241 PAB = 6.97 DKK
10 January 20241 PAB = 6.98 DKK
11 January 20241 PAB = 6.95 DKK
12 January 20241 PAB = 6.95 DKK
13 January 20241 PAB = 6.81 DKK
14 January 20241 PAB = 6.81 DKK
15 January 20241 PAB = 6.98 DKK
16 January 20241 PAB = 6.98 DKK
17 January 20241 PAB = 7.01 DKK
18 January 20241 PAB = 7.01 DKK
19 January 20241 PAB = 7.02 DKK
20 January 20241 PAB = 6.84 DKK
21 January 20241 PAB = 6.84 DKK
22 January 20241 PAB = 7.01 DKK
23 January 20241 PAB = 7.02 DKK
24 January 20241 PAB = 7.03 DKK
25 January 20241 PAB = 7.01 DKK
26 January 20241 PAB = 7.03 DKK
27 January 20241 PAB = 6.87 DKK
28 January 20241 PAB = 6.87 DKK
29 January 20241 PAB = 7.03 DKK
30 January 20241 PAB = 7.05 DKK
31 January 20241 PAB = 7.04 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.
PAB DKK August 2023
PAB DKK September 2023
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PAB DKK December 2023
PAB DKK January 2024
PAB DKK February 2024
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PAB DKK August 2024