Historic Panamanian Balboa United States dollar

Panamanian Balboa united states dollar history for January 2024. The highest quote for this month is 1.0239 (08/01/2024) and the lowest 1.0265 (08/01/2024). The difference between high and low is -0.25.

PAB USD average rate for January 2024 is 1.01743, the change between 01/01/2024 and 31/01/2024 is -0.24 %.

01 January 20241 PAB = 1.021 USD
02 January 20241 PAB = 1.020 USD
03 January 20241 PAB = 1.023 USD
04 January 20241 PAB = 1.024 USD
05 January 20241 PAB = 1.024 USD
06 January 20241 PAB = 1.000 USD
07 January 20241 PAB = 1.000 USD
08 January 20241 PAB = 1.026 USD
09 January 20241 PAB = 1.024 USD
10 January 20241 PAB = 1.024 USD
11 January 20241 PAB = 1.023 USD
12 January 20241 PAB = 1.023 USD
13 January 20241 PAB = 1.000 USD
14 January 20241 PAB = 1.000 USD
15 January 20241 PAB = 1.025 USD
16 January 20241 PAB = 1.025 USD
17 January 20241 PAB = 1.022 USD
18 January 20241 PAB = 1.024 USD
19 January 20241 PAB = 1.024 USD
20 January 20241 PAB = 1.000 USD
21 January 20241 PAB = 1.000 USD
22 January 20241 PAB = 1.024 USD
23 January 20241 PAB = 1.024 USD
24 January 20241 PAB = 1.024 USD
25 January 20241 PAB = 1.024 USD
26 January 20241 PAB = 1.023 USD
27 January 20241 PAB = 1.000 USD
28 January 20241 PAB = 1.000 USD
29 January 20241 PAB = 1.023 USD
30 January 20241 PAB = 1.024 USD
31 January 20241 PAB = 1.024 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.
PAB USD June 2023
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