Convert Panamanian Balboa to Haitian Gourde
Please provide values below to convert Panamanian Balboa [PAB] to Haitian Gourde [HTG], or Convert Haitian Gourde to Panamanian Balboa.
How to Convert Panamanian Balboa to Haitian Gourde
1 PAB = 0.00762574665591945 HTG
Example: convert 15 PAB to HTG:
15 PAB = 15 × 0.00762574665591945 HTG = 0.114386199838792 HTG
Panamanian Balboa to Haitian Gourde Conversion Table
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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.
Haitian Gourde
The Haitian Gourde (HTG) is the official currency of Haiti, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Haitian Gourde was introduced in 1875, replacing the Haitian franc, to modernize the country's currency system. It has undergone various reforms and devaluations over the years, with the current form established in the late 20th century.
Current Use
Today, the Haitian Gourde is the primary currency used in Haiti for all financial transactions, including retail, banking, and government operations. It is also used in currency exchange within the country.