Convert Trinidad and Tobago Dollar to Panamanian Balboa
Please provide values below to convert Trinidad and Tobago Dollar [TTD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Trinidad and Tobago Dollar.
How to Convert Trinidad And Tobago Dollar to Panamanian Balboa
1 TTD = 6.7766 PAB
Example: convert 15 TTD to PAB:
15 TTD = 15 × 6.7766 PAB = 101.649 PAB
Trinidad And Tobago Dollar to Panamanian Balboa Conversion Table
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Trinidad And Tobago Dollar
The Trinidad and Tobago Dollar (TTD) is the official currency of Trinidad and Tobago, used for all monetary transactions within the country.
History/Origin
The Trinidad and Tobago Dollar was introduced in 1964, replacing the Trinidad and Tobago pound at a rate of 1 dollar = 1 pound. It was decimalized in 1969, aligning with international standards.
Current Use
The TTD is widely used in everyday transactions, banking, and trade within Trinidad and Tobago. It is also accepted in some neighboring regions and is managed by the Central Bank of Trinidad and Tobago.
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.