SEK to PAB Exchange Rate - Convert Swedish Krona to Panama Balboa

Converting from Swedish Krona (SEK) to Panama Balboa (PAB)

What is Swedish Krona (SEK)

The Swedish Krona (SEK) is the official currency of Sweden. The term "krona" translates to "crown" in English, which reflects Sweden's historical ties to monarchy. The currency was introduced in 1873, replacing the former currency known as the riksdaler. The Swedish Krona is subdivided into 100 öre, although coins of öre are no longer in circulation.

Sweden's economy is robust, characterized by its high standard of living and strong industrial base. International trade, technology, and sustainable practices play critical roles in Sweden’s economic structure. The value of SEK is influenced by various factors including interest rates, inflation rates, and overall economic performance. As of October 2023, the exchange rate fluctuates, and factors such as geopolitical events and global market trends can impact its value.

When converting SEK to other currencies, such as the Panama Balboa, it's essential to monitor exchange rates closely. Currency exchange services, banks, and online platforms like XE or OANDA typically provide the most current rates.

What is Panama Balboa (PAB)

The Panama Balboa (PAB) is the official currency of Panama. Established in 1904, the Balboa is named after the Spanish explorer Vasco Núñez de Balboa. Notably, the Balboa is pegged to the United States Dollar (USD) at a 1:1 ratio, which means that one Balboa is equivalent to one US Dollar in value. This unique relationship with the USD significantly influences the Balboa's stability and usage.

In everyday transactions, both the Balboa and the US Dollar are used interchangeably. Although Panamanian coins are minted in Balboa denominations, US currency is more commonly used for paper transactions. This dual-currency system facilitates trade and tourism, making Panama an attractive destination for international visitors and businesses.

When converting from SEK to PAB, the current market exchange rate plays a critical role. As of October 2023, one must consider the recent trends and fluctuations in both currencies. For example, if the exchange rate is 1SEK=0.10PAB, then converting 1000 SEK would yield about 100 PAB.

In summary, understanding the basics of both the Swedish Krona and Panama Balboa is crucial for anyone looking to convert between these currencies. Monitoring market trends and using reliable exchange services will ensure favorable conversion outcomes. Always confirm the latest rates before making transactions, as currency values can shift rapidly.

Swedish Krona to Panama Balboa conversion table

SEK to PAB conversion table

Swedish Krona (SEK)Panama Balboa (PAB)
1 SEK0.10434570335 PAB
2 SEK0.20869140671 PAB
3 SEK0.31303711006 PAB
4 SEK0.41738281341 PAB
5 SEK0.52172851676 PAB
6 SEK0.62607422012 PAB
7 SEK0.73041992347 PAB
8 SEK0.83476562682 PAB
9 SEK0.93911133017 PAB
10 SEK1.04345703353 PAB
100 SEK10.43457033528 PAB
200 SEK20.86914067055 PAB
300 SEK31.30371100583 PAB
400 SEK41.7382813411 PAB
500 SEK52.17285167638 PAB
600 SEK62.60742201165 PAB
700 SEK73.04199234693 PAB
800 SEK83.4765626822 PAB
900 SEK93.91113301748 PAB
1 000 SEK104.34570335275 PAB
2 000 SEK208.6914067055 PAB
5 000 SEK521.72851676376 PAB
10 000 SEK1 043.45703352752 PAB
20 000 SEK2 086.91406705504 PAB
50 000 SEK5 217.2851676376 PAB
100 000 SEK10 434.5703352752 PAB
Last updated June 10, 2025 at 11:55 PM