Historic Panamanian Balboa South Korean Won

Panamanian Balboa south korean won history for February 2024. The highest quote for this month is 1372.04 (13/02/2024) and the lowest 1365.26 (21/02/2024). The difference between high and low is 0.49.

PAB KRW average rate for February 2024 is 1354.99536, the change between 01/02/2024 and 29/02/2024 is +0.01 %.

01 February 20241 PAB = 1367.87 KRW
02 February 20241 PAB = 1360.77 KRW
03 February 20241 PAB = 1337.85 KRW
04 February 20241 PAB = 1337.85 KRW
05 February 20241 PAB = 1356.71 KRW
06 February 20241 PAB = 1363.57 KRW
07 February 20241 PAB = 1357.47 KRW
08 February 20241 PAB = 1358.92 KRW
09 February 20241 PAB = 1362.29 KRW
10 February 20241 PAB = 1328.10 KRW
12 February 20241 PAB = 1362.73 KRW
13 February 20241 PAB = 1360.19 KRW
14 February 20241 PAB = 1372.58 KRW
15 February 20241 PAB = 1357.66 KRW
16 February 20241 PAB = 1359.82 KRW
17 February 20241 PAB = 1331.07 KRW
18 February 20241 PAB = 1331.07 KRW
19 February 20241 PAB = 1363.14 KRW
20 February 20241 PAB = 1365.26 KRW
21 February 20241 PAB = 1365.23 KRW
22 February 20241 PAB = 1364.51 KRW
23 February 20241 PAB = 1357.89 KRW
24 February 20241 PAB = 1329.93 KRW
25 February 20241 PAB = 1329.93 KRW
26 February 20241 PAB = 1362.63 KRW
27 February 20241 PAB = 1363.38 KRW
28 February 20241 PAB = 1363.68 KRW
29 February 20241 PAB = 1367.77 KRW

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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

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.
PAB KRW July 2023
PAB KRW August 2023
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