USD to PAB - Currency converter
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Currency Pair USD/PAB: An Overview
The currency pair USD/PAB represents the exchange rate between the US Dollar (USD) and the Panamanian Balboa (PAB). This currency pair is of particular interest because the Panamanian Balboa is pegged to the US Dollar at a 1:1 ratio.
The US Dollar (USD)
The US Dollar, often abbreviated as USD, is the world's most used reserve currency and one of the most traded currencies in the global market. It is issued by the US central bank, the Federal Reserve, and is used as the official currency in the United States as well as in several other countries and territories.
The Panamanian Balboa (PAB)
The Panamanian Balboa, abbreviated as PAB, is the official currency of Panama. Interestingly, the Balboa is pegged to the US Dollar at a fixed exchange rate of 1:1. This means that one Balboa is always equal to one US Dollar, facilitating trade and economic relations between Panama and the USA.
Convert Between Currencies
On our website, you can easily convert between different currencies, including USD and PAB. Follow these simple steps to use our currency converter:
- Enter the amount you want to convert.
- Select the source currency.
- Choose the target currency.
- The conversion will happen automatically, and you will immediately receive the result.
In addition to instant conversion, we also provide a chart with historical figures for the currency pair USD/PAB, giving you a better understanding of the currencies' performance over time.
Summary
The currency pair USD/PAB is unique due to the fixed exchange rate between the US Dollar and the Panamanian Balboa. Whether you are interested in currency conversion for business purposes or personal use, our website offers a simple and effective solution for your currency needs.
