Panamanian Balboa to Canadian Dollar — exchange rate

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

Country of Circulation: Canada

Currency Code, Symbol: CAD, $

Denominations of coins in circulation: 5¢, 10¢, 25¢, $1, $2

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

History: The Canadian dollar (symbol: CA$, code: CAD, number 124) is used for financial operations within Canada. The abbreviation of the currency used on the exchange market and in exchange offices is CAD. One Canadian dollar correlates to 100 cents.The currency was introduced in 1858. The government had used the Spanish real previously. Some types and denominations of the $ currency are not issued anymore. However, Canada officially accepts all types of currency units that have been issued since 1935. It should be mentioned that CAD is included in the list of the most traded world currencies, namely in the top ten.Read More