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

Panamanian Balboa south korean won history for September 2023. The highest quote for this month is 1385.35 (27/09/2023) and the lowest 1379.58 (28/09/2023). The difference between high and low is 0.42.

PAB KRW average rate for September 2023 is 1361.43875, the change between 01/09/2023 and 30/09/2023 is +0.25 %.

01 September 2023	1 PAB = 1355.73 KRW
04 September 2023	1 PAB = 1342.39 KRW
05 September 2023	1 PAB = 1348.23 KRW
06 September 2023	1 PAB = 1361.43 KRW
07 September 2023	1 PAB = 1366.37 KRW
08 September 2023	1 PAB = 1366.39 KRW
11 September 2023	1 PAB = 1368.86 KRW
12 September 2023	1 PAB = 1353.96 KRW
13 September 2023	1 PAB = 1355.47 KRW
14 September 2023	1 PAB = 1361.07 KRW
15 September 2023	1 PAB = 1358.82 KRW
18 September 2023	1 PAB = 1362.57 KRW
19 September 2023	1 PAB = 1361.69 KRW
20 September 2023	1 PAB = 1360.29 KRW
21 September 2023	1 PAB = 1363.60 KRW
22 September 2023	1 PAB = 1372.61 KRW
23 September 2023	1 PAB = 1334.01 KRW
24 September 2023	1 PAB = 1334.84 KRW
25 September 2023	1 PAB = 1371.61 KRW
26 September 2023	1 PAB = 1371.31 KRW
27 September 2023	1 PAB = 1386.46 KRW
28 September 2023	1 PAB = 1384.26 KRW
29 September 2023	1 PAB = 1380.27 KRW
30 September 2023	1 PAB = 1352.29 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