Convert Haitian Gourde to Panamanian Balboa
Please provide values below to convert Haitian Gourde [HTG] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Haitian Gourde.
How to Convert Haitian Gourde to Panamanian Balboa
1 HTG = 131.1347 PAB
Example: convert 15 HTG to PAB:
15 HTG = 15 × 131.1347 PAB = 1967.0205 PAB
Haitian Gourde to Panamanian Balboa Conversion Table
| Haitian Gourde | Panamanian Balboa |
|---|
Haitian Gourde
The Haitian Gourde (HTG) is the official currency of Haiti, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Haitian Gourde was introduced in 1875, replacing the Haitian franc, to modernize the country's currency system. It has undergone various reforms and devaluations over the years, with the current form established in the late 20th century.
Current Use
Today, the Haitian Gourde is the primary currency used in Haiti for all financial transactions, including retail, banking, and government operations. It is also used in currency exchange within the country.
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.