Convert Panamanian Balboa to Saint Helena Pound
Please provide values below to convert Panamanian Balboa [PAB] to Saint Helena Pound [SHP], or Convert Saint Helena Pound to Panamanian Balboa.
How to Convert Panamanian Balboa to Saint Helena Pound
1 PAB = 1.35080372821829 SHP
Example: convert 15 PAB to SHP:
15 PAB = 15 × 1.35080372821829 SHP = 20.2620559232743 SHP
Panamanian Balboa to Saint Helena Pound 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.
Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.