Panamanian Balboa to Canadian 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 Canadian Dollar (CAD) is the official currency of Canada. It is one of the world's major currencies and is often referred to as the "loonie" due to the image of a loon on the one-dollar coin.