Convert Panamanian Balboa to Malawian Kwacha
Please provide values below to convert Panamanian Balboa [PAB] to Malawian Kwacha [MWK], or Convert Malawian Kwacha to Panamanian Balboa.
How to Convert Panamanian Balboa to Malawian Kwacha
1 PAB = 0.000573560479342847 MWK
Example: convert 15 PAB to MWK:
15 PAB = 15 × 0.000573560479342847 MWK = 0.0086034071901427 MWK
Panamanian Balboa to Malawian Kwacha Conversion Table
| Panamanian Balboa | Malawian Kwacha |
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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.
Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.