Convert Panamanian Balboa to Bahamian Dollar
Please provide values below to convert Panamanian Balboa [PAB] to Bahamian Dollar [BSD], or Convert Bahamian Dollar to Panamanian Balboa.
How to Convert Panamanian Balboa to Bahamian Dollar
1 PAB = 1 BSD
Example: convert 15 PAB to BSD:
15 PAB = 15 × 1 BSD = 15 BSD
Panamanian Balboa to Bahamian Dollar Conversion Table
| Panamanian Balboa | Bahamian Dollar |
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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.
Bahamian Dollar
The Bahamian Dollar (BSD) is the official currency of The Bahamas, subdivided into 100 cents, used for all monetary transactions within the country.
History/Origin
Introduced in 1966, replacing the Bahamian pound, the Bahamian Dollar was initially pegged to the US dollar at par and has maintained a stable exchange rate since its inception.
Current Use
The Bahamian Dollar is widely used across The Bahamas for everyday transactions, banking, and trade, and is also accepted in some neighboring regions and for tourism-related activities.