Convert Panamanian Balboa to Hungarian Forint
Please provide values below to convert Panamanian Balboa [PAB] to Hungarian Forint [HUF], or Convert Hungarian Forint to Panamanian Balboa.
How to Convert Panamanian Balboa to Hungarian Forint
1 PAB = 0.00293943269536866 HUF
Example: convert 15 PAB to HUF:
15 PAB = 15 × 0.00293943269536866 HUF = 0.0440914904305299 HUF
Panamanian Balboa to Hungarian Forint Conversion Table
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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.
Hungarian Forint
The Hungarian Forint (HUF) is the official currency of Hungary, used for all monetary transactions within the country.
History/Origin
The Forint was introduced in 1946, replacing the pengő after hyperinflation. It has undergone several reforms and decimalization since its inception.
Current Use
The Forint remains Hungary's legal tender, with banknotes and coins in circulation. It is managed by the Hungarian National Bank and used for everyday transactions and financial activities.