Euro to Panamanian Balboa — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Panama

Currency Code, Symbol: PAB, B/.

Denominations of coins in circulation: 1 and 5 centésimos, ​1⁄10, ​1⁄4, ​1⁄2, and 1 balboas

Denominations of banknotes in circulation: None

History: The Panamanian balboa (B/) is the currency of Panama accepted only within this country. The currency is circulated along with the American dollar. In the international exchange arena, it is called PAB.The Panamanian balboa can be divided into centésimos. One PAB equals 100 centésimos. The currency has officially appeared in 1904 replacing a foreign currency of the Colombian peso. The currency does not float independently. The American dollar’s rate serves as the basis for the balboa.Read More