Convert South Korean Won to Panamanian Balboa
Please provide values below to convert South Korean Won [KRW] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to South Korean Won.
How to Convert South Korean Won to Panamanian Balboa
1 KRW = 1382.5712 PAB
Example: convert 15 KRW to PAB:
15 KRW = 15 × 1382.5712 PAB = 20738.568 PAB
South Korean Won to Panamanian Balboa Conversion Table
| South Korean Won | Panamanian Balboa |
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South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.
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.