Panamanian Balboa south korean won exchange rate history (PAB KRW) November 2023

Panamanian Balboa south korean won history for November 2023. The highest quote for this month is 1392.58 (01/11/2023) and the lowest 1380.88 (01/11/2023). The difference between high and low is 0.84.

PAB KRW average rate for November 2023 is 1332.70333, the change between 01/11/2023 and 30/11/2023 is +4.64 %.

01 November 2023	1 PAB = 1382.85 KRW
02 November 2023	1 PAB = 1381.00 KRW
03 November 2023	1 PAB = 1367.92 KRW
06 November 2023	1 PAB = 1350.36 KRW
07 November 2023	1 PAB = 1327.93 KRW
08 November 2023	1 PAB = 1336.89 KRW
09 November 2023	1 PAB = 1338.50 KRW
10 November 2023	1 PAB = 1346.71 KRW
11 November 2023	1 PAB = 1316.80 KRW
12 November 2023	1 PAB = 1316.49 KRW
13 November 2023	1 PAB = 1356.13 KRW
14 November 2023	1 PAB = 1349.59 KRW
15 November 2023	1 PAB = 1335.90 KRW
16 November 2023	1 PAB = 1331.57 KRW
17 November 2023	1 PAB = 1322.13 KRW
18 November 2023	1 PAB = 1294.34 KRW
19 November 2023	1 PAB = 1294.34 KRW
20 November 2023	1 PAB = 1331.51 KRW
21 November 2023	1 PAB = 1318.75 KRW
22 November 2023	1 PAB = 1326.17 KRW
23 November 2023	1 PAB = 1330.09 KRW
24 November 2023	1 PAB = 1329.78 KRW
26 November 2023	1 PAB = 1302.95 KRW
27 November 2023	1 PAB = 1324.32 KRW
28 November 2023	1 PAB = 1332.76 KRW
29 November 2023	1 PAB = 1318.52 KRW
30 November 2023	1 PAB = 1318.69 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.

Historic Panamanian Balboa South Korean Won