Panamanian Balboa to Bermudian 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 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.