Panamanian Balboa to Philippine Peso | 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 Philippine Peso (PHP) is the official currency of the Philippines. It was introduced in 1946 after the country gained independence. The peso is subdivided into 100 centavos and is regulated by the Bangko Sentral ng Pilipinas. The currency symbol "₱" is widely used throughout the country.