Historic Panamanian Balboa Malaysian ringgit

Panamanian Balboa malaysian ringgit history for February 2024. The highest quote for this month is 4.915 (21/02/2024) and the lowest 4.909 (21/02/2024). The difference between high and low is 0.12.

PAB MYR average rate for February 2024 is 4.84626, the change between 01/02/2024 and 29/02/2024 is -0.87 %.

01 February 20241 PAB = 4.847 MYR
02 February 20241 PAB = 4.839 MYR
03 February 20241 PAB = 4.716 MYR
04 February 20241 PAB = 4.715 MYR
05 February 20241 PAB = 4.782 MYR
06 February 20241 PAB = 4.855 MYR
07 February 20241 PAB = 4.873 MYR
08 February 20241 PAB = 4.871 MYR
09 February 20241 PAB = 4.878 MYR
10 February 20241 PAB = 4.758 MYR
12 February 20241 PAB = 4.880 MYR
13 February 20241 PAB = 4.876 MYR
14 February 20241 PAB = 4.877 MYR
15 February 20241 PAB = 4.897 MYR
16 February 20241 PAB = 4.894 MYR
17 February 20241 PAB = 4.778 MYR
18 February 20241 PAB = 4.778 MYR
19 February 20241 PAB = 4.891 MYR
20 February 20241 PAB = 4.899 MYR
21 February 20241 PAB = 4.910 MYR
22 February 20241 PAB = 4.906 MYR
23 February 20241 PAB = 4.886 MYR
24 February 20241 PAB = 4.775 MYR
25 February 20241 PAB = 4.775 MYR
26 February 20241 PAB = 4.890 MYR
27 February 20241 PAB = 4.889 MYR
28 February 20241 PAB = 4.874 MYR
29 February 20241 PAB = 4.889 MYR

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

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.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

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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