Historic Panamanian Balboa Indonesian Rupiah

Panamanian Balboa indonesian rupiah history for February 2024. The highest quote for this month is 16136.1 (06/02/2024) and the lowest 16086.2 (01/02/2024). The difference between high and low is 0.31.

PAB IDR average rate for February 2024 is 15924.00714, the change between 01/02/2024 and 29/02/2024 is +0.33 %.

01 February 20241 PAB = 16170.40 IDR
02 February 20241 PAB = 16102.50 IDR
03 February 20241 PAB = 15655.00 IDR
04 February 20241 PAB = 15654.00 IDR
05 February 20241 PAB = 15950.30 IDR
06 February 20241 PAB = 16067.10 IDR
07 February 20241 PAB = 16096.80 IDR
08 February 20241 PAB = 16015.90 IDR
09 February 20241 PAB = 16022.80 IDR
10 February 20241 PAB = 15630.00 IDR
12 February 20241 PAB = 15981.20 IDR
13 February 20241 PAB = 15951.10 IDR
14 February 20241 PAB = 16032.90 IDR
15 February 20241 PAB = 15924.50 IDR
16 February 20241 PAB = 16051.60 IDR
17 February 20241 PAB = 15614.00 IDR
18 February 20241 PAB = 15650.00 IDR
19 February 20241 PAB = 15999.00 IDR
20 February 20241 PAB = 16008.30 IDR
21 February 20241 PAB = 16030.60 IDR
22 February 20241 PAB = 16013.40 IDR
23 February 20241 PAB = 15948.80 IDR
24 February 20241 PAB = 15589.00 IDR
25 February 20241 PAB = 15589.00 IDR
26 February 20241 PAB = 15968.50 IDR
27 February 20241 PAB = 16010.30 IDR
28 February 20241 PAB = 16027.80 IDR
29 February 20241 PAB = 16117.40 IDR

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

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.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

01/07/1997: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

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.

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.

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.
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