Historic Panamanian Balboa Japanese Yen

Panamanian Balboa japanese yen history for February 2024. The highest quote for this month is 154.29 (13/02/2024) and the lowest 153.96 (22/02/2024). The difference between high and low is 0.21.

PAB JPY average rate for February 2024 is 152.26444, the change between 01/02/2024 and 29/02/2024 is -2.52 %.

01 February 20241 PAB = 150.7 JPY
02 February 20241 PAB = 150.0 JPY
04 February 20241 PAB = 148.2 JPY
05 February 20241 PAB = 150.6 JPY
06 February 20241 PAB = 152.0 JPY
07 February 20241 PAB = 151.2 JPY
08 February 20241 PAB = 151.6 JPY
09 February 20241 PAB = 152.7 JPY
11 February 20241 PAB = 149.2 JPY
12 February 20241 PAB = 152.8 JPY
13 February 20241 PAB = 153.0 JPY
14 February 20241 PAB = 154.3 JPY
15 February 20241 PAB = 154.1 JPY
16 February 20241 PAB = 153.6 JPY
17 February 20241 PAB = 150.2 JPY
18 February 20241 PAB = 150.2 JPY
19 February 20241 PAB = 153.7 JPY
20 February 20241 PAB = 153.9 JPY
21 February 20241 PAB = 153.5 JPY
22 February 20241 PAB = 153.9 JPY
23 February 20241 PAB = 154.0 JPY
24 February 20241 PAB = 150.4 JPY
25 February 20241 PAB = 150.4 JPY
26 February 20241 PAB = 154.2 JPY
27 February 20241 PAB = 154.2 JPY
28 February 20241 PAB = 154.1 JPY
29 February 20241 PAB = 154.5 JPY

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

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.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

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.

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.

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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