Convert Panamanian Balboa to Salvadoran Colón
Please provide values below to convert Panamanian Balboa [PAB] to Salvadoran Colón [SVC], or Convert Salvadoran Colón to Panamanian Balboa.
How to Convert Panamanian Balboa to Salvadoran Colón
1 PAB = 0.114424920374559 SVC
Example: convert 15 PAB to SVC:
15 PAB = 15 × 0.114424920374559 SVC = 1.71637380561838 SVC
Panamanian Balboa to Salvadoran Colón Conversion Table
| Panamanian Balboa | Salvadoran Colón |
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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.
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.