Question 1

How does the currency converter work?

Accepted Answer

The converter uses reference exchange rates to calculate the equivalence between two currencies. Enter the amount, select the source and target currencies, and you'll get the result instantly.

Question 2

Are the exchange rates real-time?

Accepted Answer

The exchange rates are approximate reference values. For real transactions, check with your bank or exchange office, as rates may vary by provider and timing.

Question 3

What Central American currencies are available?

Accepted Answer

We include all Central American currencies: Guatemalan Quetzal (GTQ), Honduran Lempira (HNL), Nicaraguan Córdoba (NIO), Costa Rican Colón (CRC), Panamanian Balboa (PAB), Belize Dollar (BZD), and Salvadoran Colón (SVC).

Question 4

Why does the Panamanian Balboa have the same rate as the USD?

Accepted Answer

The Panamanian Balboa has been pegged to the US Dollar at a fixed 1:1 rate since 1904. In practice, Panama uses the US Dollar as circulating currency alongside the Balboa.

Question 5

What factors affect exchange rates?

Accepted Answer

Exchange rates are influenced by interest rates, inflation, political stability, international trade, public debt, and market speculation.

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