Convert Brazilian Real to Panamanian Balboa
Please provide values below to convert Brazilian Real [BRL] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Brazilian Real.
How to Convert Brazilian Real to Panamanian Balboa
1 BRL = 5.567 PAB
Example: convert 15 BRL to PAB:
15 BRL = 15 × 5.567 PAB = 83.505 PAB
Brazilian Real to Panamanian Balboa Conversion Table
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Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.
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.