Historic Panamanian Balboa New Zealand Dollar

Panamanian Balboa new zealand dollar history for January 2024. The highest quote for this month is 1.6862 (23/01/2024) and the lowest 1.6741 (23/01/2024). The difference between high and low is 0.72.

PAB NZD average rate for January 2024 is 1.64591, the change between 01/01/2024 and 31/01/2024 is -3.32 %.

01 January 20241 PAB = 1.616 NZD
02 January 20241 PAB = 1.616 NZD
03 January 20241 PAB = 1.637 NZD
04 January 20241 PAB = 1.639 NZD
05 January 20241 PAB = 1.643 NZD
06 January 20241 PAB = 1.602 NZD
07 January 20241 PAB = 1.600 NZD
08 January 20241 PAB = 1.642 NZD
09 January 20241 PAB = 1.638 NZD
10 January 20241 PAB = 1.641 NZD
11 January 20241 PAB = 1.643 NZD
12 January 20241 PAB = 1.639 NZD
13 January 20241 PAB = 1.601 NZD
14 January 20241 PAB = 1.601 NZD
15 January 20241 PAB = 1.644 NZD
16 January 20241 PAB = 1.655 NZD
17 January 20241 PAB = 1.664 NZD
18 January 20241 PAB = 1.674 NZD
19 January 20241 PAB = 1.672 NZD
20 January 20241 PAB = 1.636 NZD
21 January 20241 PAB = 1.635 NZD
22 January 20241 PAB = 1.674 NZD
23 January 20241 PAB = 1.686 NZD
24 January 20241 PAB = 1.678 NZD
25 January 20241 PAB = 1.676 NZD
26 January 20241 PAB = 1.675 NZD
27 January 20241 PAB = 1.641 NZD
28 January 20241 PAB = 1.641 NZD
29 January 20241 PAB = 1.678 NZD
30 January 20241 PAB = 1.669 NZD
31 January 20241 PAB = 1.670 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.
PAB NZD July 2023
PAB NZD August 2023
PAB NZD September 2023
PAB NZD October 2023
PAB NZD November 2023
PAB NZD December 2023
PAB NZD January 2024
PAB NZD February 2024
PAB NZD March 2024
PAB NZD April 2024
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PAB NZD June 2024
PAB NZD July 2024