1 PAB to LAK - Convert Panamanian Balboa to Lao Kip

Looking at the 30-day window, the PAB/LAK pair traded in a range of 21,180.5293 to 22,639.6306. The monthly average was 22,069.9124 with 1.71% volatility. The relatively low volatility indicates stable trading conditions for the PAB/LAK currency pair.

The current mid-market exchange rate is 1 PAB = 22,376.8972 LAK, updated as of July 3, 2026, 11:28 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 Lao Kip Exchange Rate

The PAB/LAK exchange rate tells you how many Lao Kip (LAK) you receive for every Panamanian Balboa (PAB). At the current mid-market rate of 1 PAB = 22,376.8972 LAK, 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.

How to Get the Best PAB to LAK Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

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 LAK and other currencies.

Lao Kip Overview

The Lao Kip (LAK) is the official currency of Laos. The currency has depreciated significantly in recent years as the country manages high debt levels and limited foreign reserves. The LAK exchange rate against PAB reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 PAB = 22,376.8972 LAK 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.

Reverse Rate: LAK to PAB

The reverse exchange rate is 1 LAK = 0.000045 PAB. This is useful if you are starting with Lao Kip 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 LAK to PAB converter for the reverse direction.