Convert Panamanian Balboa to New Taiwan Dollar
Please provide values below to convert Panamanian Balboa [PAB] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Panamanian Balboa.
How to Convert Panamanian Balboa to New Taiwan Dollar
1 PAB = 0.0340541460922867 TWD
Example: convert 15 PAB to TWD:
15 PAB = 15 × 0.0340541460922867 TWD = 0.510812191384301 TWD
Panamanian Balboa to New Taiwan 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.
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.