Convert Panamanian Balboa to Brazilian Real
Please provide values below to convert Panamanian Balboa [PAB] to Brazilian Real [BRL], or Convert Brazilian Real to Panamanian Balboa.
How to Convert Panamanian Balboa to Brazilian Real
1 PAB = 0.179629962277708 BRL
Example: convert 15 PAB to BRL:
15 PAB = 15 × 0.179629962277708 BRL = 2.69444943416562 BRL
Panamanian Balboa to Brazilian Real 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.
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.