Panamanian Balboa malaysian ringgit exchange rate history (PAB MYR) November 2023

Panamanian Balboa malaysian ringgit history for November 2023. The highest quote for this month is 4.8904 (01/11/2023) and the lowest 4.8845 (02/11/2023). The difference between high and low is 0.12.

PAB MYR average rate for November 2023 is 4.78293, the change between 01/11/2023 and 30/11/2023 is +1.94 %.

01 November 2023	1 PAB = 4.875 MYR
02 November 2023	1 PAB = 4.886 MYR
03 November 2023	1 PAB = 4.871 MYR
06 November 2023	1 PAB = 4.880 MYR
07 November 2023	1 PAB = 4.743 MYR
08 November 2023	1 PAB = 4.748 MYR
09 November 2023	1 PAB = 4.790 MYR
10 November 2023	1 PAB = 4.802 MYR
11 November 2023	1 PAB = 4.707 MYR
12 November 2023	1 PAB = 4.706 MYR
13 November 2023	1 PAB = 4.820 MYR
14 November 2023	1 PAB = 4.815 MYR
15 November 2023	1 PAB = 4.832 MYR
16 November 2023	1 PAB = 4.777 MYR
17 November 2023	1 PAB = 4.777 MYR
18 November 2023	1 PAB = 4.678 MYR
19 November 2023	1 PAB = 4.678 MYR
20 November 2023	1 PAB = 4.804 MYR
21 November 2023	1 PAB = 4.773 MYR
22 November 2023	1 PAB = 4.761 MYR
23 November 2023	1 PAB = 4.788 MYR
24 November 2023	1 PAB = 4.783 MYR
26 November 2023	1 PAB = 4.683 MYR
27 November 2023	1 PAB = 4.808 MYR
28 November 2023	1 PAB = 4.791 MYR
29 November 2023	1 PAB = 4.783 MYR
30 November 2023	1 PAB = 4.781 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.

Historic Panamanian Balboa Malaysian ringgit