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

Panamanian Balboa united states dollar history for October 2023. The highest quote for this month is 1.0256 (17/10/2023) and the lowest 1.0319 (24/10/2023). The difference between high and low is -0.61.

PAB USD average rate for October 2023 is 1.01818, the change between 01/10/2023 and 31/10/2023 is -2.5 %.

01 October 2023	1 PAB = 1.000 USD
03 October 2023	1 PAB = 1.024 USD
04 October 2023	1 PAB = 1.024 USD
06 October 2023	1 PAB = 1.027 USD
07 October 2023	1 PAB = 1.000 USD
08 October 2023	1 PAB = 1.000 USD
09 October 2023	1 PAB = 1.029 USD
10 October 2023	1 PAB = 1.025 USD
11 October 2023	1 PAB = 1.024 USD
13 October 2023	1 PAB = 1.024 USD
16 October 2023	1 PAB = 1.024 USD
17 October 2023	1 PAB = 1.024 USD
18 October 2023	1 PAB = 1.026 USD
19 October 2023	1 PAB = 1.024 USD
20 October 2023	1 PAB = 1.025 USD
21 October 2023	1 PAB = 1.000 USD
22 October 2023	1 PAB = 1.000 USD
23 October 2023	1 PAB = 1.026 USD
24 October 2023	1 PAB = 1.025 USD
25 October 2023	1 PAB = 1.024 USD
26 October 2023	1 PAB = 1.024 USD
27 October 2023	1 PAB = 1.024 USD
28 October 2023	1 PAB = 1.000 USD
29 October 2023	1 PAB = 1.000 USD
30 October 2023	1 PAB = 1.027 USD
31 October 2023	1 PAB = 1.025 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.