Panamanian Balboa indonesian rupiah exchange rate history (PAB IDR) October 2023

Panamanian Balboa indonesian rupiah history for October 2023. The highest quote for this month is 16362.3 (23/10/2023) and the lowest 16330.2 (24/10/2023). The difference between high and low is 0.2.

PAB IDR average rate for October 2023 is 16048.22857, the change between 01/10/2023 and 31/10/2023 is -5.11 %.

01 October 2023	1 PAB = 15449.00 IDR
02 October 2023	1 PAB = 15787.30 IDR
03 October 2023	1 PAB = 15883.40 IDR
04 October 2023	1 PAB = 15998.00 IDR
05 October 2023	1 PAB = 15985.90 IDR
06 October 2023	1 PAB = 16056.10 IDR
07 October 2023	1 PAB = 15604.00 IDR
09 October 2023	1 PAB = 16053.40 IDR
10 October 2023	1 PAB = 16077.00 IDR
11 October 2023	1 PAB = 16090.30 IDR
12 October 2023	1 PAB = 16069.60 IDR
13 October 2023	1 PAB = 16116.90 IDR
16 October 2023	1 PAB = 16050.80 IDR
17 October 2023	1 PAB = 16050.20 IDR
18 October 2023	1 PAB = 16130.50 IDR
19 October 2023	1 PAB = 16189.60 IDR
20 October 2023	1 PAB = 16246.80 IDR
21 October 2023	1 PAB = 15869.00 IDR
22 October 2023	1 PAB = 15853.00 IDR
23 October 2023	1 PAB = 16281.80 IDR
24 October 2023	1 PAB = 16262.70 IDR
25 October 2023	1 PAB = 16249.30 IDR
26 October 2023	1 PAB = 16259.90 IDR
27 October 2023	1 PAB = 16303.50 IDR
28 October 2023	1 PAB = 15934.00 IDR
29 October 2023	1 PAB = 15934.00 IDR
30 October 2023	1 PAB = 16325.50 IDR
31 October 2023	1 PAB = 16238.90 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.

Historic Panamanian Balboa Indonesian Rupiah