United States dollar panamanian balboa exchange rate history (USD PAB) December 2023

United States dollar panamanian balboa history for December 2023. The highest quote for this month is 1 (02/12/2023) and the lowest 1 (02/12/2023). The difference between high and low is 0.

USD PAB average rate for December 2023 is 0.98505, the change between 01/12/2023 and 31/12/2023 is -2.33 %.

01 December 2023	1 USD = 0.9772 PAB
02 December 2023	1 USD = 1.000 PAB
03 December 2023	1 USD = 1.000 PAB
04 December 2023	1 USD = 0.9778 PAB
05 December 2023	1 USD = 0.9775 PAB
06 December 2023	1 USD = 0.9769 PAB
07 December 2023	1 USD = 0.9774 PAB
08 December 2023	1 USD = 0.9775 PAB
09 December 2023	1 USD = 1.000 PAB
10 December 2023	1 USD = 1.000 PAB
11 December 2023	1 USD = 0.9785 PAB
12 December 2023	1 USD = 0.9776 PAB
13 December 2023	1 USD = 0.9768 PAB
14 December 2023	1 USD = 0.9769 PAB
15 December 2023	1 USD = 0.9768 PAB
16 December 2023	1 USD = 1.000 PAB
17 December 2023	1 USD = 1.000 PAB
18 December 2023	1 USD = 0.9824 PAB
19 December 2023	1 USD = 0.9770 PAB
20 December 2023	1 USD = 0.9764 PAB
21 December 2023	1 USD = 0.9772 PAB
22 December 2023	1 USD = 0.9770 PAB
23 December 2023	1 USD = 1.000 PAB
24 December 2023	1 USD = 1.000 PAB
25 December 2023	1 USD = 0.9784 PAB
26 December 2023	1 USD = 0.9784 PAB
27 December 2023	1 USD = 0.9791 PAB
28 December 2023	1 USD = 0.9773 PAB
29 December 2023	1 USD = 0.9825 PAB
30 December 2023	1 USD = 1.000 PAB
31 December 2023	1 USD = 1.000 PAB

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.