Historic Panamanian Balboa South African rand

Panamanian Balboa south african rand history for January 2024. The highest quote for this month is 19.658 (22/01/2024) and the lowest 19.465 (22/01/2024). The difference between high and low is 0.98.

PAB ZAR average rate for January 2024 is 19.07445, the change between 01/01/2024 and 31/01/2024 is -3.04 %.

01 January 20241 PAB = 18.66 ZAR
02 January 20241 PAB = 18.67 ZAR
03 January 20241 PAB = 18.98 ZAR
04 January 20241 PAB = 19.13 ZAR
05 January 20241 PAB = 19.13 ZAR
06 January 20241 PAB = 18.68 ZAR
07 January 20241 PAB = 18.68 ZAR
08 January 20241 PAB = 19.16 ZAR
09 January 20241 PAB = 19.01 ZAR
10 January 20241 PAB = 19.08 ZAR
11 January 20241 PAB = 19.07 ZAR
12 January 20241 PAB = 19.08 ZAR
13 January 20241 PAB = 18.61 ZAR
14 January 20241 PAB = 18.61 ZAR
15 January 20241 PAB = 19.07 ZAR
16 January 20241 PAB = 19.11 ZAR
17 January 20241 PAB = 19.38 ZAR
18 January 20241 PAB = 19.53 ZAR
19 January 20241 PAB = 19.37 ZAR
20 January 20241 PAB = 19.01 ZAR
21 January 20241 PAB = 19.01 ZAR
22 January 20241 PAB = 19.47 ZAR
23 January 20241 PAB = 19.65 ZAR
24 January 20241 PAB = 19.37 ZAR
25 January 20241 PAB = 19.32 ZAR
26 January 20241 PAB = 19.32 ZAR
27 January 20241 PAB = 18.78 ZAR
28 January 20241 PAB = 18.78 ZAR
29 January 20241 PAB = 19.18 ZAR
30 January 20241 PAB = 19.23 ZAR
31 January 20241 PAB = 19.22 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
PAB ZAR March 2024
PAB ZAR April 2024
PAB ZAR May 2024
PAB ZAR June 2024
PAB ZAR July 2024
PAB ZAR August 2024
PAB ZAR September 2024
PAB ZAR October 2024
PAB ZAR November 2024
PAB ZAR December 2024
PAB ZAR January 2025