Convert Hungarian Forint to Panamanian Balboa
Please provide values below to convert Hungarian Forint [HUF] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Hungarian Forint.
How to Convert Hungarian Forint to Panamanian Balboa
1 HUF = 340.2017 PAB
Example: convert 15 HUF to PAB:
15 HUF = 15 × 340.2017 PAB = 5103.0255 PAB
Hungarian Forint to Panamanian Balboa Conversion Table
| Hungarian Forint | Panamanian Balboa |
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Hungarian Forint
The Hungarian Forint (HUF) is the official currency of Hungary, used for all monetary transactions within the country.
History/Origin
The Forint was introduced in 1946, replacing the pengő after hyperinflation. It has undergone several reforms and decimalization since its inception.
Current Use
The Forint remains Hungary's legal tender, with banknotes and coins in circulation. It is managed by the Hungarian National Bank and used for everyday transactions and financial activities.
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.