Convert Singapore Dollar to Panamanian Balboa
Please provide values below to convert Singapore Dollar [SGD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Singapore Dollar.
How to Convert Singapore Dollar to Panamanian Balboa
1 SGD = 1.2797 PAB
Example: convert 15 SGD to PAB:
15 SGD = 15 × 1.2797 PAB = 19.1955 PAB
Singapore Dollar to Panamanian Balboa Conversion Table
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Singapore Dollar
The Singapore Dollar (SGD) is the official currency of Singapore, used for all monetary transactions within the country.
History/Origin
The Singapore Dollar was introduced in 1967, replacing the Malayan dollar, and has since evolved into a stable currency managed by the Monetary Authority of Singapore.
Current Use
Today, the SGD is widely used in Singapore for everyday transactions, banking, and international trade, and is considered a major Asian currency.
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.