Historic Panamanian Balboa South Korean Won

Panamanian Balboa south korean won history for January 2024. The highest quote for this month is 1379.78 (17/01/2024) and the lowest 1368.57 (18/01/2024). The difference between high and low is 0.81.

PAB KRW average rate for January 2024 is 1347.16893, the change between 01/01/2024 and 31/01/2024 is -2.81 %.

01 January 20241 PAB = 1320.95 KRW
02 January 20241 PAB = 1319.77 KRW
03 January 20241 PAB = 1337.71 KRW
04 January 20241 PAB = 1341.34 KRW
05 January 20241 PAB = 1342.03 KRW
06 January 20241 PAB = 1315.40 KRW
07 January 20241 PAB = 1314.13 KRW
08 January 20241 PAB = 1347.60 KRW
09 January 20241 PAB = 1343.18 KRW
10 January 20241 PAB = 1351.11 KRW
11 January 20241 PAB = 1348.39 KRW
12 January 20241 PAB = 1342.31 KRW
13 January 20241 PAB = 1313.70 KRW
14 January 20241 PAB = 1313.19 KRW
15 January 20241 PAB = 1345.43 KRW
16 January 20241 PAB = 1351.98 KRW
17 January 20241 PAB = 1367.20 KRW
18 January 20241 PAB = 1375.70 KRW
19 January 20241 PAB = 1369.13 KRW
22 January 20241 PAB = 1365.65 KRW
23 January 20241 PAB = 1370.62 KRW
24 January 20241 PAB = 1368.92 KRW
25 January 20241 PAB = 1361.32 KRW
26 January 20241 PAB = 1366.77 KRW
28 January 20241 PAB = 1336.72 KRW
29 January 20241 PAB = 1367.02 KRW
30 January 20241 PAB = 1365.42 KRW
31 January 20241 PAB = 1358.04 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 January 2024
PAB KRW February 2024
PAB KRW March 2024
PAB KRW April 2024
PAB KRW May 2024
PAB KRW June 2024
PAB KRW July 2024
PAB KRW August 2024
PAB KRW September 2024
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PAB KRW December 2024
PAB KRW January 2025