Convert Namibian Dollar to Panamanian Balboa
Please provide values below to convert Namibian Dollar [NAD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Namibian Dollar.
How to Convert Namibian Dollar to Panamanian Balboa
1 NAD = 17.5667 PAB
Example: convert 15 NAD to PAB:
15 NAD = 15 × 17.5667 PAB = 263.5005 PAB
Namibian Dollar to Panamanian Balboa Conversion Table
| Namibian Dollar | Panamanian Balboa |
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Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.
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.