Panamanian Balboa to Swiss Franc | 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 Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein. It is known for its stability and is considered a major world currency. The Swiss National Bank is responsible for issuing and regulating the Swiss Franc.