Panamanian Balboa new zealand dollar exchange rate history (PAB NZD) December 2023

Panamanian Balboa new zealand dollar history for December 2023. The highest quote for this month is 1.6819 (13/12/2023) and the lowest 1.6696 (11/12/2023). The difference between high and low is 0.73.

PAB NZD average rate for December 2023 is 1.63132, the change between 01/12/2023 and 31/12/2023 is +4.9 %.

01 December 2023	1 PAB = 1.662 NZD
02 December 2023	1 PAB = 1.610 NZD
03 December 2023	1 PAB = 1.614 NZD
04 December 2023	1 PAB = 1.646 NZD
05 December 2023	1 PAB = 1.659 NZD
06 December 2023	1 PAB = 1.669 NZD
07 December 2023	1 PAB = 1.666 NZD
08 December 2023	1 PAB = 1.660 NZD
09 December 2023	1 PAB = 1.633 NZD
10 December 2023	1 PAB = 1.633 NZD
11 December 2023	1 PAB = 1.669 NZD
12 December 2023	1 PAB = 1.671 NZD
13 December 2023	1 PAB = 1.668 NZD
14 December 2023	1 PAB = 1.654 NZD
15 December 2023	1 PAB = 1.648 NZD
16 December 2023	1 PAB = 1.610 NZD
17 December 2023	1 PAB = 1.610 NZD
18 December 2023	1 PAB = 1.639 NZD
19 December 2023	1 PAB = 1.647 NZD
20 December 2023	1 PAB = 1.633 NZD
21 December 2023	1 PAB = 1.636 NZD
22 December 2023	1 PAB = 1.626 NZD
23 December 2023	1 PAB = 1.589 NZD
24 December 2023	1 PAB = 1.588 NZD
25 December 2023	1 PAB = 1.617 NZD
26 December 2023	1 PAB = 1.621 NZD
27 December 2023	1 PAB = 1.614 NZD
28 December 2023	1 PAB = 1.612 NZD
29 December 2023	1 PAB = 1.607 NZD
30 December 2023	1 PAB = 1.581 NZD
31 December 2023	1 PAB = 1.581 NZD

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

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.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.

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 New Zealand Dollar