Convert Panamanian Balboa to Norwegian Krone
Please provide values below to convert Panamanian Balboa [PAB] to Norwegian Krone [NOK], or Convert Norwegian Krone to Panamanian Balboa.
How to Convert Panamanian Balboa to Norwegian Krone
1 PAB = 0.0988943610435333 NOK
Example: convert 15 PAB to NOK:
15 PAB = 15 × 0.0988943610435333 NOK = 1.483415415653 NOK
Panamanian Balboa to Norwegian Krone 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.
Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.