Convert Saint Helena Pound to Panamanian Balboa
Please provide values below to convert Saint Helena Pound [SHP] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Saint Helena Pound.
How to Convert Saint Helena Pound to Panamanian Balboa
1 SHP = 0.7403 PAB
Example: convert 15 SHP to PAB:
15 SHP = 15 × 0.7403 PAB = 11.1045 PAB
Saint Helena Pound to Panamanian Balboa Conversion Table
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.