Panamanian Balboa united states dollar history for August 2023. The highest quote for this month is 1.0241 (21/08/2023) and the lowest 1.0294 (07/08/2023). The difference between high and low is -0.52.
PAB USD average rate for August 2023 is 1.01833, the change between 01/08/2023 and 31/08/2023 is -0.06 %.
| 01 August 2023 | 1 PAB = 1.023 USD |
| 04 August 2023 | 1 PAB = 1.024 USD |
| 05 August 2023 | 1 PAB = 1.000 USD |
| 07 August 2023 | 1 PAB = 1.030 USD |
| 08 August 2023 | 1 PAB = 1.024 USD |
| 10 August 2023 | 1 PAB = 1.023 USD |
| 12 August 2023 | 1 PAB = 1.000 USD |
| 14 August 2023 | 1 PAB = 1.019 USD |
| 15 August 2023 | 1 PAB = 1.023 USD |
| 17 August 2023 | 1 PAB = 1.023 USD |
| 20 August 2023 | 1 PAB = 1.000 USD |
| 21 August 2023 | 1 PAB = 1.026 USD |
| 28 August 2023 | 1 PAB = 1.023 USD |
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.
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.
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.