Convert Macanese Pataca to Panamanian Balboa
Please provide values below to convert Macanese Pataca [MOP] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Macanese Pataca.
How to Convert Macanese Pataca to Panamanian Balboa
1 MOP = 8.0856 PAB
Example: convert 15 MOP to PAB:
15 MOP = 15 × 8.0856 PAB = 121.284 PAB
Macanese Pataca to Panamanian Balboa Conversion Table
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Macanese Pataca
The Macanese Pataca (MOP) is the official currency of Macau, used for everyday transactions and financial dealings within the region.
History/Origin
Introduced in 1999, the Pataca replaced the Macau pataca, and has since been pegged to the Hong Kong dollar at a fixed rate, reflecting Macau's economic ties with Hong Kong and China.
Current Use
The Pataca remains the primary currency in Macau, widely used for commerce, banking, and tourism-related transactions.
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.