Panamanian Balboa united states dollar exchange rate history (PAB USD) December 2023

Panamanian Balboa united states dollar history for December 2023. The highest quote for this month is 1.024 (19/12/2023) and the lowest 1.0344 (14/12/2023). The difference between high and low is -1.02.

PAB USD average rate for December 2023 is 1.01529, the change between 01/12/2023 and 31/12/2023 is +2.28 %.

01 December 2023	1 PAB = 1.023 USD
02 December 2023	1 PAB = 1.000 USD
03 December 2023	1 PAB = 1.000 USD
04 December 2023	1 PAB = 1.023 USD
05 December 2023	1 PAB = 1.023 USD
06 December 2023	1 PAB = 1.024 USD
07 December 2023	1 PAB = 1.023 USD
08 December 2023	1 PAB = 1.023 USD
09 December 2023	1 PAB = 1.000 USD
10 December 2023	1 PAB = 1.000 USD
11 December 2023	1 PAB = 1.022 USD
12 December 2023	1 PAB = 1.023 USD
13 December 2023	1 PAB = 1.024 USD
14 December 2023	1 PAB = 1.024 USD
15 December 2023	1 PAB = 1.024 USD
16 December 2023	1 PAB = 1.000 USD
17 December 2023	1 PAB = 1.000 USD
18 December 2023	1 PAB = 1.018 USD
19 December 2023	1 PAB = 1.024 USD
20 December 2023	1 PAB = 1.024 USD
21 December 2023	1 PAB = 1.023 USD
22 December 2023	1 PAB = 1.024 USD
23 December 2023	1 PAB = 1.000 USD
24 December 2023	1 PAB = 1.000 USD
25 December 2023	1 PAB = 1.022 USD
26 December 2023	1 PAB = 1.022 USD
27 December 2023	1 PAB = 1.021 USD
28 December 2023	1 PAB = 1.023 USD
29 December 2023	1 PAB = 1.018 USD
30 December 2023	1 PAB = 1.000 USD
31 December 2023	1 PAB = 1.000 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.