1 PAB to MAD - Convert Panamanian Balboa to Moroccan Dirham

Looking at the 30-day window, the PAB/MAD pair traded in a range of 8.9714 to 9.5966. The monthly average was 9.2732 with 1.89% volatility. The relatively low volatility indicates stable trading conditions for the PAB/MAD currency pair.

The current mid-market exchange rate is 1 PAB = 9.3769 MAD, updated as of July 3, 2026, 6:27 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 Moroccan Dirham Exchange Rate

The PAB/MAD exchange rate tells you how many Moroccan Dirham (MAD) you receive for every Panamanian Balboa (PAB). At the current mid-market rate of 1 PAB = 9.3769 MAD, 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 MAD 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.

Historical PAB/MAD Trends

The PAB/MAD exchange rate has fluctuated over time in response to economic cycles, policy changes, and global events. Reviewing historical charts helps identify whether the current rate is relatively favorable or unfavorable compared to recent averages. The 30-day, 90-day, and 1-year chart views on this page provide visual context for understanding where today's rate sits within the broader trend.

Sending Money from PAB to MAD

International money transfers from Panamanian Balboa to Moroccan Dirham 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.

Moroccan Dirham Overview

The Moroccan Dirham (MAD) is the official currency of Morocco, pegged to a basket of 60% euro and 40% US dollar. Morocco's automotive manufacturing and tourism support the currency. The MAD exchange rate against PAB reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 PAB = 9.3769 MAD 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.