Convert Danish Krone to Panamanian Balboa
Please provide values below to convert Danish Krone [DKK] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Danish Krone.
How to Convert Danish Krone to Panamanian Balboa
1 DKK = 6.3588 PAB
Example: convert 15 DKK to PAB:
15 DKK = 15 × 6.3588 PAB = 95.382 PAB
Danish Krone to Panamanian Balboa Conversion Table
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Danish Krone
The Danish Krone (DKK) is the official currency of Denmark, used for everyday transactions and issued by the Danmarks Nationalbank.
History/Origin
The Danish Krone was introduced in 1875, replacing the rigsdaler, and has undergone various reforms, including pegging to the euro and adopting a floating exchange rate since 1999.
Current Use
The DKK is widely used in Denmark for all financial transactions, including banking, commerce, and international trade, and is also accepted in the Faroe Islands and Greenland.
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.