Convert Honduran Lempira to Panamanian Balboa
Please provide values below to convert Honduran Lempira [HNL] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Honduran Lempira.
How to Convert Honduran Lempira to Panamanian Balboa
1 HNL = 26.1709 PAB
Example: convert 15 HNL to PAB:
15 HNL = 15 × 26.1709 PAB = 392.5635 PAB
Honduran Lempira to Panamanian Balboa Conversion Table
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Honduran Lempira
The Honduran Lempira (HNL) is the official currency of Honduras, used for all monetary transactions within the country.
History/Origin
The Lempira was introduced in 1931, replacing the Honduran peso, and was named after Lempira, a 16th-century indigenous leader who resisted Spanish conquest. It has undergone various reforms and decimalization since its inception.
Current Use
The Lempira is actively used as Honduras's legal tender for everyday transactions, banking, and trade. It is managed and issued by the Central Bank of Honduras.
Panamanian Balboa
The Panamanian Balboa (PAB) is the official currency of Panama, subdivided into 100 centésimos, used primarily for coinage alongside the US dollar.
History/Origin
Introduced in 1904, the Balboa was established as Panama's official currency to promote national identity, initially backed by gold, but since 1941 it has been pegged at par to the US dollar, which is also widely accepted in the country.
Current Use
Today, the Balboa is mainly used for coinage and official transactions within Panama, with the US dollar serving as the primary currency for most practical purposes, including banking and commerce.