Convert Panamanian Balboa to Paraguayan Guarani
Please provide values below to convert Panamanian Balboa [PAB] to Paraguayan Guarani [PYG], or Convert Paraguayan Guarani to Panamanian Balboa.
How to Convert Panamanian Balboa to Paraguayan Guarani
1 PAB = 0.000129665862353645 PYG
Example: convert 15 PAB to PYG:
15 PAB = 15 × 0.000129665862353645 PYG = 0.00194498793530467 PYG
Panamanian Balboa to Paraguayan Guarani Conversion Table
| Panamanian Balboa | Paraguayan Guarani |
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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.
Paraguayan Guarani
The Paraguayan Guarani (PYG) is the official currency of Paraguay, used for all monetary transactions within the country.
History/Origin
The Guarani was introduced in 1943, replacing the peso at a rate of 1 Guarani = 1 peso, and has undergone various redenominations and reforms since then to stabilize the economy.
Current Use
Today, the Guarani remains the national currency of Paraguay, widely used in everyday commerce, banking, and financial transactions across the country.