1 PAB to AMD - Convert Panamanian Balboa to Armenian Dram

Looking at the 30-day window, the PAB/AMD pair traded in a range of 360.6626 to 382.6936. The monthly average was 373.6976 with 1.65% volatility. The relatively low volatility indicates stable trading conditions for the PAB/AMD currency pair.

The current mid-market exchange rate is 1 PAB = 368.0459 AMD, updated as of July 3, 2026, 9:12 AM 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.

Panamanian Balboa to Armenian Dram Exchange Rate

The PAB/AMD exchange rate tells you how many Armenian Dram (AMD) you receive for every Panamanian Balboa (PAB). At the current mid-market rate of 1 PAB = 368.0459 AMD, 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.

What Affects the PAB to AMD Rate

Exchange rates between Panamanian Balboa and Armenian Dram 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 PAB/AMD rate fluctuates throughout trading sessions and over longer time periods.

Using the PAB/AMD Calculator

The free calculator at the top of this page converts any amount between Panamanian Balboa and Armenian Dram instantly using live market data. Simply enter an amount in either currency to see the converted value in the other. The tool also shows a conversion table for common amounts, a historical rate chart, and the inverse AMD/PAB rate. Bookmark this page to check the rate whenever you need a quick reference for planning transfers or purchases.

Panamanian Balboa Overview

The Panamanian Balboa (PAB) is the official currency of Panama, pegged at par to the US Dollar. Panama Canal revenue, banking, and logistics drive the economy. Understanding the fundamentals behind PAB helps contextualize its exchange rate movements against AMD and other currencies.

Armenian Dram Overview

The Armenian Dram (AMD) is the official currency of Armenia. The currency strengthened dramatically in 2022-2023 when over 100,000 Russian relocants brought massive foreign currency inflows. The AMD exchange rate against PAB reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 PAB = 368.0459 AMD shown on this page is the fairest available exchange rate. It sits exactly between the buy and sell prices quoted by major financial institutions. No single provider can offer exactly the mid-market rate since their business model requires a small spread, but the best providers come within 0.5-1% of this benchmark. Use our rate as your comparison baseline.