Historic Panamanian Balboa South African rand

Panamanian Balboa south african rand history for February 2024. The highest quote for this month is 19.794 (26/02/2024) and the lowest 19.703 (26/02/2024). The difference between high and low is 0.46.

PAB ZAR average rate for February 2024 is 19.30066, the change between 01/02/2024 and 29/02/2024 is -3.47 %.

01 February 20241 PAB = 19.09 ZAR
02 February 20241 PAB = 19.01 ZAR
03 February 20241 PAB = 18.90 ZAR
04 February 20241 PAB = 18.88 ZAR
05 February 20241 PAB = 19.15 ZAR
06 February 20241 PAB = 19.48 ZAR
07 February 20241 PAB = 19.25 ZAR
08 February 20241 PAB = 19.34 ZAR
09 February 20241 PAB = 19.41 ZAR
10 February 20241 PAB = 19.02 ZAR
11 February 20241 PAB = 19.04 ZAR
12 February 20241 PAB = 19.44 ZAR
13 February 20241 PAB = 19.35 ZAR
14 February 20241 PAB = 19.53 ZAR
15 February 20241 PAB = 19.48 ZAR
16 February 20241 PAB = 19.40 ZAR
17 February 20241 PAB = 18.84 ZAR
18 February 20241 PAB = 18.84 ZAR
19 February 20241 PAB = 19.27 ZAR
20 February 20241 PAB = 19.39 ZAR
21 February 20241 PAB = 19.35 ZAR
22 February 20241 PAB = 19.35 ZAR
23 February 20241 PAB = 19.59 ZAR
24 February 20241 PAB = 19.28 ZAR
25 February 20241 PAB = 19.31 ZAR
26 February 20241 PAB = 19.78 ZAR
27 February 20241 PAB = 19.67 ZAR
28 February 20241 PAB = 19.53 ZAR
29 February 20241 PAB = 19.75 ZAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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.
PAB ZAR January 2024
PAB ZAR February 2024
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