1 PAB to MXN - Convert Panamanian Balboa to Mexican Peso

Looking at the 30-day window, the PAB/MXN pair traded in a range of 16.8308 to 17.8859. The monthly average was 17.3210 with 1.89% volatility. The relatively low volatility indicates stable trading conditions for the PAB/MXN currency pair.

The current mid-market exchange rate is 1 PAB = 17.4859 MXN, updated as of July 3, 2026, 9:39 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 Mexican Peso Exchange Rate

The PAB/MXN exchange rate tells you how many Mexican Peso (MXN) you receive for every Panamanian Balboa (PAB). At the current mid-market rate of 1 PAB = 17.4859 MXN, 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 MXN 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 MXN and other currencies.

Mexican Peso Overview

The Mexican Peso (MXN) is the official currency of Mexico and one of the most traded currencies in Latin America. Its exchange rate is significantly influenced by trade relations with the United States and nearshoring trends. The MXN exchange rate against PAB reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 PAB = 17.4859 MXN 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: MXN to PAB

The reverse exchange rate is 1 MXN = 0.057189 PAB. This is useful if you are starting with Mexican Peso 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 MXN to PAB converter for the reverse direction.