Convert Ukrainian Hryvnia to Panamanian Balboa
Please provide values below to convert Ukrainian Hryvnia [UAH] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Ukrainian Hryvnia.
How to Convert Ukrainian Hryvnia to Panamanian Balboa
1 UAH = 41.7795 PAB
Example: convert 15 UAH to PAB:
15 UAH = 15 × 41.7795 PAB = 626.6925 PAB
Ukrainian Hryvnia to Panamanian Balboa Conversion Table
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Ukrainian Hryvnia
The Ukrainian Hryvnia (UAH) is the official currency of Ukraine, used for all monetary transactions within the country.
History/Origin
The Hryvnia was first introduced in Ukraine in 1918 during the brief independence period, replaced by the Soviet ruble. It was reintroduced in 1996 after Ukraine gained independence from the Soviet Union, replacing the karbovanets as the national currency.
Current Use
Today, the Hryvnia is the sole legal tender in Ukraine, widely used in everyday transactions, banking, and financial markets. It is managed by the National Bank of Ukraine and features modern banknotes and coins.
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.