Panamanian Balboa to Costa Rican Colón | 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 Costa Rican Colón (CRC) is the official currency of Costa Rica, used for daily transactions and trade throughout the country.