Historic Panamanian Balboa United States dollar

Panamanian Balboa united states dollar history for February 2024. The highest quote for this month is 1.0242 (15/02/2024) and the lowest 1.0296 (02/02/2024). The difference between high and low is -0.53.

PAB USD average rate for February 2024 is 1.01698, the change between 01/02/2024 and 29/02/2024 is -0.03 %.

01 February 20241 PAB = 1.026 USD
02 February 20241 PAB = 1.024 USD
03 February 20241 PAB = 1.000 USD
04 February 20241 PAB = 1.000 USD
05 February 20241 PAB = 1.014 USD
06 February 20241 PAB = 1.023 USD
07 February 20241 PAB = 1.023 USD
08 February 20241 PAB = 1.024 USD
09 February 20241 PAB = 1.023 USD
10 February 20241 PAB = 1.000 USD
11 February 20241 PAB = 1.000 USD
12 February 20241 PAB = 1.025 USD
13 February 20241 PAB = 1.024 USD
14 February 20241 PAB = 1.024 USD
15 February 20241 PAB = 1.024 USD
16 February 20241 PAB = 1.024 USD
17 February 20241 PAB = 1.000 USD
18 February 20241 PAB = 1.000 USD
19 February 20241 PAB = 1.024 USD
20 February 20241 PAB = 1.024 USD
21 February 20241 PAB = 1.024 USD
22 February 20241 PAB = 1.024 USD
23 February 20241 PAB = 1.023 USD
24 February 20241 PAB = 1.000 USD
25 February 20241 PAB = 1.000 USD
26 February 20241 PAB = 1.025 USD
27 February 20241 PAB = 1.024 USD
28 February 20241 PAB = 1.024 USD
29 February 20241 PAB = 1.026 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.
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