1 MAD to PAB - Convert Moroccan Dirham to Panamanian Balboa

Looking at the 30-day window, the MAD/PAB pair traded in a range of 0.106800 to 0.113200. The monthly average was 0.110004 with 1.65% volatility. This downward movement of 2.3% suggests significant momentum in the MAD/PAB exchange rate.

The current mid-market exchange rate is 1 MAD = 0.106645 PAB, updated as of July 3, 2026, 5:47 PM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Moroccan Dirham to Panamanian Balboa Exchange Rate

The MAD/PAB exchange rate tells you how many Panamanian Balboa (PAB) you receive for every Moroccan Dirham (MAD). At the current mid-market rate of 1 MAD = 0.106645 PAB, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

Understanding the MAD/PAB Conversion

Converting Moroccan Dirham to Panamanian Balboa involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

What Affects the MAD to PAB Rate

Exchange rates between Moroccan Dirham and Panamanian Balboa are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the MAD/PAB rate fluctuates throughout trading sessions and over longer time periods.

Sending Money from MAD to PAB

International money transfers from Moroccan Dirham to Panamanian Balboa can be made through banks, online transfer services, or specialist forex brokers. Transfer times range from instant to several business days depending on the corridor and provider. Online services like Wise, Revolut, and OFX typically offer better rates and lower fees than traditional bank wire transfers, though availability varies by country and currency pair.

Reverse Rate: PAB to MAD

The reverse exchange rate is 1 PAB = 9.3769 MAD. This is useful if you are starting with Panamanian Balboa and want to know how much Moroccan Dirham you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated PAB to MAD converter for the reverse direction.