Convert Swiss Franc to Panamanian Balboa
Please provide values below to convert Swiss Franc [CHF] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Swiss Franc.
How to Convert Swiss Franc to Panamanian Balboa
1 CHF = 0.7949 PAB
Example: convert 15 CHF to PAB:
15 CHF = 15 × 0.7949 PAB = 11.9235 PAB
Swiss Franc to Panamanian Balboa Conversion Table
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Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.
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.