Convert Hong Kong Dollar to Panamanian Balboa
Please provide values below to convert Hong Kong Dollar [HKD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Panamanian Balboa
1 HKD = 7.8498 PAB
Example: convert 15 HKD to PAB:
15 HKD = 15 × 7.8498 PAB = 117.747 PAB
Hong Kong Dollar to Panamanian Balboa Conversion Table
| Hong Kong Dollar | Panamanian Balboa |
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Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
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.