Convert Panamanian Balboa to Uruguayan Peso
Please provide values below to convert Panamanian Balboa [PAB] to Uruguayan Peso [UYU], or Convert Uruguayan Peso to Panamanian Balboa.
How to Convert Panamanian Balboa to Uruguayan Peso
1 PAB = 0.0248139573547329 UYU
Example: convert 15 PAB to UYU:
15 PAB = 15 × 0.0248139573547329 UYU = 0.372209360320993 UYU
Panamanian Balboa to Uruguayan Peso Conversion Table
| Panamanian Balboa | Uruguayan Peso |
|---|
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.
Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.