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

Panamanian Balboa danish krone history for October 2023. The highest quote for this month is 7.3062 (04/10/2023) and the lowest 7.2792 (03/10/2023). The difference between high and low is 0.37.

PAB DKK average rate for October 2023 is 7.20187, the change between 01/10/2023 and 31/10/2023 is -2.16 %.

01 October 2023	1 PAB = 7.06 DKK
02 October 2023	1 PAB = 7.21 DKK
03 October 2023	1 PAB = 7.28 DKK
04 October 2023	1 PAB = 7.30 DKK
05 October 2023	1 PAB = 7.28 DKK
06 October 2023	1 PAB = 7.26 DKK
09 October 2023	1 PAB = 7.26 DKK
10 October 2023	1 PAB = 7.22 DKK
11 October 2023	1 PAB = 7.20 DKK
12 October 2023	1 PAB = 7.19 DKK
13 October 2023	1 PAB = 7.25 DKK
16 October 2023	1 PAB = 7.26 DKK
17 October 2023	1 PAB = 7.24 DKK
18 October 2023	1 PAB = 7.24 DKK
19 October 2023	1 PAB = 7.25 DKK
20 October 2023	1 PAB = 7.22 DKK
21 October 2023	1 PAB = 7.04 DKK
22 October 2023	1 PAB = 7.05 DKK
23 October 2023	1 PAB = 7.23 DKK
24 October 2023	1 PAB = 7.17 DKK
25 October 2023	1 PAB = 7.21 DKK
26 October 2023	1 PAB = 7.23 DKK
27 October 2023	1 PAB = 7.24 DKK
28 October 2023	1 PAB = 7.06 DKK
29 October 2023	1 PAB = 7.06 DKK
30 October 2023	1 PAB = 7.25 DKK
31 October 2023	1 PAB = 7.21 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