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Easily convert CLF to PAB with ConvertOnline's efficient tool.
The Unidad de Fomento (CLF) is a Chilean inflation-indexed unit of account used primarily for financial contracts, mortgages, and long-term loans. Its value is adjusted daily according to inflation, maintaining purchasing power over time, but it is not a circulating currency.
The Panamanian Balboa (PAB) is the official currency of Panama, named after the Spanish explorer Vasco NĂșñez de Balboa. It is pegged to the US dollar at a one-to-one exchange rate, which means that both currencies circulate freely in the country, making transactions convenient for both locals and tourists.