Panamanian Balboa to Australian Dollar | Bank

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.

The Australian Dollar (AUD) is the official currency of Australia. It is one of the most traded currencies in the world and is known as the "Aussie" in forex markets. The Australian Dollar is subdivided into 100 cents and is managed by the Reserve Bank of Australia.