Convert Tongan Paanga to Panamanian Balboa
Please provide values below to convert Tongan Paanga [TOP] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Tongan Paanga.
How to Convert Tongan Paanga to Panamanian Balboa
1 TOP = 2.3844 PAB
Example: convert 15 TOP to PAB:
15 TOP = 15 × 2.3844 PAB = 35.766 PAB
Tongan Paanga to Panamanian Balboa Conversion Table
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Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within 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.