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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 Guatemalan Quetzal (GTQ) is the official currency of Guatemala, named after the national bird, the quetzal, which symbolizes freedom. It was introduced in 1925, replacing the Guatemalan peso, and is subdivided into 100 centavos. The currency plays a crucial role in facilitating trade and economic stability within the country.