Convert Canadian Dollar to Panamanian Balboa
Please provide values below to convert Canadian Dollar [CAD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Canadian Dollar.
How to Convert Canadian Dollar to Panamanian Balboa
1 CAD = 1.3625 PAB
Example: convert 15 CAD to PAB:
15 CAD = 15 × 1.3625 PAB = 20.4375 PAB
Canadian Dollar to Panamanian Balboa Conversion Table
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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.
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.