Panamanian Balboa south african rand exchange rate history (PAB ZAR) November 2023

Panamanian Balboa south african rand history for November 2023. The highest quote for this month is 19.377 (30/11/2023) and the lowest 19.204 (24/11/2023). The difference between high and low is 0.89.

PAB ZAR average rate for November 2023 is 18.90107, the change between 01/11/2023 and 30/11/2023 is -0.53 %.

01 November 2023	1 PAB = 19.07 ZAR
02 November 2023	1 PAB = 18.90 ZAR
03 November 2023	1 PAB = 18.88 ZAR
06 November 2023	1 PAB = 18.86 ZAR
07 November 2023	1 PAB = 18.73 ZAR
08 November 2023	1 PAB = 18.79 ZAR
09 November 2023	1 PAB = 18.91 ZAR
10 November 2023	1 PAB = 19.10 ZAR
11 November 2023	1 PAB = 18.72 ZAR
12 November 2023	1 PAB = 18.73 ZAR
13 November 2023	1 PAB = 19.25 ZAR
14 November 2023	1 PAB = 19.11 ZAR
15 November 2023	1 PAB = 18.66 ZAR
16 November 2023	1 PAB = 18.59 ZAR
17 November 2023	1 PAB = 18.79 ZAR
18 November 2023	1 PAB = 18.37 ZAR
19 November 2023	1 PAB = 18.37 ZAR
20 November 2023	1 PAB = 18.86 ZAR
21 November 2023	1 PAB = 18.76 ZAR
22 November 2023	1 PAB = 19.05 ZAR
23 November 2023	1 PAB = 19.33 ZAR
24 November 2023	1 PAB = 19.24 ZAR
25 November 2023	1 PAB = 18.82 ZAR
26 November 2023	1 PAB = 18.83 ZAR
27 November 2023	1 PAB = 19.29 ZAR
28 November 2023	1 PAB = 19.08 ZAR
29 November 2023	1 PAB = 19.02 ZAR
30 November 2023	1 PAB = 19.17 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.

Historic Panamanian Balboa South African rand