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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.
The Australian Dollar (AUD) is the official currency of Australia, as well as several of its territories and Pacific Island nations. It is abbreviated as AUD and is commonly represented by the symbol '$' or 'A$' to distinguish it from other dollar-denominated currencies. As one of the most traded currencies in the world, the Australian Dollar is a key player in the global financial market, influenced by factors such as commodity prices and economic indicators.