Convert Panamanian Balboa to Philippine Peso
Please provide values below to convert Panamanian Balboa [PAB] to Philippine Peso [PHP], or Convert Philippine Peso to Panamanian Balboa.
How to Convert Panamanian Balboa to Philippine Peso
1 PAB = 0.0175616369553039 PHP
Example: convert 15 PAB to PHP:
15 PAB = 15 × 0.0175616369553039 PHP = 0.263424554329558 PHP
Panamanian Balboa to Philippine Peso 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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.