Convert Aruban Florin to Panamanian Balboa
Please provide values below to convert Aruban Florin [AWG] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Aruban Florin.
How to Convert Aruban Florin to Panamanian Balboa
1 AWG = 1.79 PAB
Example: convert 15 AWG to PAB:
15 AWG = 15 × 1.79 PAB = 26.85 PAB
Aruban Florin to Panamanian Balboa Conversion Table
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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.
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.