Convert Chinese Yuan (Offshore) to Panamanian Balboa
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Panamanian Balboa
1 CNH = 7.171519 PAB
Example: convert 15 CNH to PAB:
15 CNH = 15 × 7.171519 PAB = 107.572785 PAB
Chinese Yuan (Offshore) to Panamanian Balboa Conversion Table
| Chinese Yuan (Offshore) | Panamanian Balboa |
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Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
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.