1 PAB to IQD - Convert Panamanian Balboa to Iraqi Dinar

Looking at the 30-day window, the PAB/IQD pair traded in a range of 1,272.3113 to 1,350.5126. The monthly average was 1,315.3859 with 1.86% volatility. The relatively low volatility indicates stable trading conditions for the PAB/IQD currency pair.

The current mid-market exchange rate is 1 PAB = 1,310.3124 IQD, 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.

Panamanian Balboa to Iraqi Dinar Exchange Rate

The PAB/IQD exchange rate tells you how many Iraqi Dinar (IQD) you receive for every Panamanian Balboa (PAB). At the current mid-market rate of 1 PAB = 1,310.3124 IQD, 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 PAB/IQD Conversion

Converting Panamanian Balboa to Iraqi Dinar 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.

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 IQD and other currencies.

Iraqi Dinar Overview

The Iraqi Dinar (IQD) is the official currency of Iraq. The Central Bank of Iraq manages the currency through a managed float system, with oil exports providing the primary source of foreign exchange. The IQD exchange rate against PAB reflects relative economic conditions between the two currency areas.

Reverse Rate: IQD to PAB

The reverse exchange rate is 1 IQD = 0.000763 PAB. This is useful if you are starting with Iraqi Dinar and want to know how much Panamanian Balboa you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated IQD to PAB converter for the reverse direction.