South African rand panamanian balboa exchange rate history (ZAR PAB) December 2023

South African rand panamanian balboa history for December 2023. The highest quote for this month is 0.054698 (30/12/2023) and the lowest 0.054698 (30/12/2023). The difference between high and low is 0.

ZAR PAB average rate for December 2023 is 0.05301, the change between 01/12/2023 and 31/12/2023 is -5.45 %.

01 December 2023	1 ZAR = 0.0519 PAB
02 December 2023	1 ZAR = 0.0537 PAB
03 December 2023	1 ZAR = 0.0537 PAB
04 December 2023	1 ZAR = 0.0526 PAB
05 December 2023	1 ZAR = 0.0520 PAB
06 December 2023	1 ZAR = 0.0516 PAB
07 December 2023	1 ZAR = 0.0516 PAB
08 December 2023	1 ZAR = 0.0520 PAB
10 December 2023	1 ZAR = 0.0527 PAB
11 December 2023	1 ZAR = 0.0518 PAB
12 December 2023	1 ZAR = 0.0513 PAB
13 December 2023	1 ZAR = 0.0516 PAB
14 December 2023	1 ZAR = 0.0524 PAB
15 December 2023	1 ZAR = 0.0533 PAB
16 December 2023	1 ZAR = 0.0545 PAB
17 December 2023	1 ZAR = 0.0545 PAB
18 December 2023	1 ZAR = 0.0537 PAB
19 December 2023	1 ZAR = 0.0526 PAB
20 December 2023	1 ZAR = 0.0533 PAB
21 December 2023	1 ZAR = 0.0535 PAB
22 December 2023	1 ZAR = 0.0538 PAB
23 December 2023	1 ZAR = 0.0542 PAB
24 December 2023	1 ZAR = 0.0542 PAB
25 December 2023	1 ZAR = 0.0530 PAB
26 December 2023	1 ZAR = 0.0530 PAB
27 December 2023	1 ZAR = 0.0525 PAB
28 December 2023	1 ZAR = 0.0533 PAB
29 December 2023	1 ZAR = 0.0529 PAB
30 December 2023	1 ZAR = 0.0547 PAB
31 December 2023	1 ZAR = 0.0547 PAB

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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.

Historic South African rand Panamanian Balboa