Convert Surinamese Dollar to Panamanian Balboa
Please provide values below to convert Surinamese Dollar [SRD] to Panamanian Balboa [PAB], or Convert Panamanian Balboa to Surinamese Dollar.
How to Convert Surinamese Dollar to Panamanian Balboa
1 SRD = 36.9302 PAB
Example: convert 15 SRD to PAB:
15 SRD = 15 × 36.9302 PAB = 553.953 PAB
Surinamese Dollar to Panamanian Balboa Conversion Table
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Surinamese Dollar
The Surinamese Dollar (SRD) is the official currency of Suriname, used for everyday transactions and financial exchanges within the country.
History/Origin
The Surinamese Dollar was introduced in 2004, replacing the Surinamese Guilder at a rate of 1 SRD = 100 Guilder, to stabilize the economy and modernize the currency system.
Current Use
Today, the Surinamese Dollar is widely used in Suriname for all forms of payment, including cash transactions, banking, and electronic payments.
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.