Convert Panamanian Balboa to Aruban Florin
Please provide values below to convert Panamanian Balboa [PAB] to Aruban Florin [AWG], or Convert Aruban Florin to Panamanian Balboa.
How to Convert Panamanian Balboa to Aruban Florin
1 PAB = 0.558659217877095 AWG
Example: convert 15 PAB to AWG:
15 PAB = 15 × 0.558659217877095 AWG = 8.37988826815642 AWG
Panamanian Balboa to Aruban Florin Conversion Table
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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.
Aruban Florin
The Aruban Florin (AWG) is the official currency of Aruba, used as a medium of exchange within the country.
History/Origin
The Aruban Florin was introduced in 1986, replacing the Netherlands Antillean Guilder at par, to establish a distinct national currency for Aruba.
Current Use
The AWG is widely used in Aruba for all daily transactions, banking, and trade, and is pegged to the US dollar at a fixed rate.