Convert Panamanian Balboa to Guyanaese Dollar
Please provide values below to convert Panamanian Balboa [PAB] to Guyanaese Dollar [GYD], or Convert Guyanaese Dollar to Panamanian Balboa.
How to Convert Panamanian Balboa to Guyanaese Dollar
1 PAB = 0.00477803403967011 GYD
Example: convert 15 PAB to GYD:
15 PAB = 15 × 0.00477803403967011 GYD = 0.0716705105950516 GYD
Panamanian Balboa to Guyanaese Dollar Conversion Table
| Panamanian Balboa | Guyanaese Dollar |
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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.
Guyanaese Dollar
The Guyanese Dollar (GYD) is the official currency of Guyana, used for all monetary transactions within the country.
History/Origin
The Guyanese Dollar was introduced in 1957, replacing the British West Indian dollar, and has undergone various redenominations and economic reforms since then.
Current Use
The GYD is widely used in Guyana for everyday transactions, banking, and trade, and is also accepted in some neighboring regions.