Convert Panamanian Balboa to Canadian Dollar
Please provide values below to convert Panamanian Balboa [PAB] to Canadian Dollar [CAD], or Convert Canadian Dollar to Panamanian Balboa.
How to Convert Panamanian Balboa to Canadian Dollar
1 PAB = 0.73394495412844 CAD
Example: convert 15 PAB to CAD:
15 PAB = 15 × 0.73394495412844 CAD = 11.0091743119266 CAD
Panamanian Balboa to Canadian Dollar Conversion Table
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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.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.