Convert Panamanian Balboa to Honduran Lempira
Please provide values below to convert Panamanian Balboa [PAB] to Honduran Lempira [HNL], or Convert Honduran Lempira to Panamanian Balboa.
How to Convert Panamanian Balboa to Honduran Lempira
1 PAB = 0.0382103787030633 HNL
Example: convert 15 PAB to HNL:
15 PAB = 15 × 0.0382103787030633 HNL = 0.57315568054595 HNL
Panamanian Balboa to Honduran Lempira Conversion Table
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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.
Honduran Lempira
The Honduran Lempira (HNL) is the official currency of Honduras, used for all monetary transactions within the country.
History/Origin
The Lempira was introduced in 1931, replacing the Honduran peso, and was named after Lempira, a 16th-century indigenous leader who resisted Spanish conquest. It has undergone various reforms and decimalization since its inception.
Current Use
The Lempira is actively used as Honduras's legal tender for everyday transactions, banking, and trade. It is managed and issued by the Central Bank of Honduras.