Convert Czech Republic Koruna to Panamanian Balboa
Please provide values below to convert Czech Republic Koruna [CZK] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Czech Republic Koruna.
How to Convert Czech Republic Koruna to Panamanian Balboa
1 CZK = 20.997 PAB
Example: convert 15 CZK to PAB:
15 CZK = 15 × 20.997 PAB = 314.955 PAB
Czech Republic Koruna to Panamanian Balboa Conversion Table
| Czech Republic Koruna | Panamanian Balboa |
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Czech Republic Koruna
The Czech Republic Koruna (CZK) is the official currency of the Czech Republic, used for all monetary transactions within the country.
History/Origin
The Koruna was introduced in 1993 following the dissolution of Czechoslovakia, replacing the Czechoslovak koruna at par. It has undergone various reforms and decimalization over the years.
Current Use
The CZK is widely used in everyday transactions, banking, and international trade within the Czech Republic. It is also accepted in some neighboring regions and is actively traded on the foreign exchange market.
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.