Convert Swazi Lilangeni to Panamanian Balboa
Please provide values below to convert Swazi Lilangeni [SZL] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Swazi Lilangeni.
How to Convert Swazi Lilangeni to Panamanian Balboa
1 SZL = 17.5667 PAB
Example: convert 15 SZL to PAB:
15 SZL = 15 × 17.5667 PAB = 263.5005 PAB
Swazi Lilangeni to Panamanian Balboa Conversion Table
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Swazi Lilangeni
The Swazi Lilangeni (SZL) is the official currency of Eswatini, subdivided into 100 cents.
History/Origin
The Lilangeni was introduced in 1974, replacing the Swazi pound, to modernize the currency system and align with regional monetary standards.
Current Use
The SZL is actively used for all financial transactions within Eswatini and is pegged to the South African Rand at par, facilitating regional trade and stability.
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.