Bermudian Dollar to Panamanian Balboa | Bank

The Bermudian Dollar (BMD) is the official currency of Bermuda. It is pegged to the US dollar at a 1:1 ratio and has been in use since 1970.

The Panamanian Balboa (PAB) is the official currency of Panama. It has been pegged to the US dollar at a rate of 1:1 since its introduction in 1904. While Panama uses US dollar bills, they mint their own Balboa coins. The currency is named after the Spanish explorer Vasco Núñez de Balboa.