Convert Paraguayan Guarani to Panamanian Balboa
Please provide values below to convert Paraguayan Guarani [PYG] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Paraguayan Guarani.
How to Convert Paraguayan Guarani to Panamanian Balboa
1 PYG = 7712.1301 PAB
Example: convert 15 PYG to PAB:
15 PYG = 15 × 7712.1301 PAB = 115681.9515 PAB
Paraguayan Guarani to Panamanian Balboa Conversion Table
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Paraguayan Guarani
The Paraguayan Guarani (PYG) is the official currency of Paraguay, used for all monetary transactions within the country.
History/Origin
The Guarani was introduced in 1943, replacing the peso at a rate of 1 Guarani = 1 peso, and has undergone various redenominations and reforms since then to stabilize the economy.
Current Use
Today, the Guarani remains the national currency of Paraguay, widely used in everyday commerce, banking, and financial transactions across the country.
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.