Convert Chilean Peso to Panamanian Balboa
Please provide values below to convert Chilean Peso [CLP] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Chilean Peso.
How to Convert Chilean Peso to Panamanian Balboa
1 CLP = 954.3905 PAB
Example: convert 15 CLP to PAB:
15 CLP = 15 × 954.3905 PAB = 14315.8575 PAB
Chilean Peso to Panamanian Balboa Conversion Table
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Chilean Peso
The Chilean Peso (CLP) is the official currency of Chile, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Chilean Peso was introduced in 1975, replacing the Chilean Escudo, as part of monetary reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Chilean Peso remains the official currency of Chile, widely used in all financial transactions, banking, and commerce across the country.
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.