Macanese Pataca to Panamanian Balboa | Bank

The Macanese Pataca (MOP) is the official currency of Macau. It is issued by the Monetary Authority of Macau and is pegged to the Hong Kong dollar. The currency has been in circulation since 1894 and plays a vital role in Macau's economy, particularly in its gaming and tourism sectors.

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.