Convert Malawian Kwacha to Panamanian Balboa
Please provide values below to convert Malawian Kwacha [MWK] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Malawian Kwacha.
How to Convert Malawian Kwacha to Panamanian Balboa
1 MWK = 1743.4953 PAB
Example: convert 15 MWK to PAB:
15 MWK = 15 × 1743.4953 PAB = 26152.4295 PAB
Malawian Kwacha to Panamanian Balboa Conversion Table
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Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.
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.