1 PAB to USD - Convert Panamanian Balboa to US Dollar

Looking at the 30-day window, the PAB/USD pair traded in a range of 0.9694 to 1.0215. The monthly average was 0.9994 with 1.33% volatility. This upward movement of 2.9% suggests significant momentum in the PAB/USD exchange rate.

The current mid-market exchange rate is 1 PAB = 1.0000 USD, updated as of July 3, 2026, 7:29 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 US Dollar Exchange Rate

The PAB/USD exchange rate tells you how many US Dollar (USD) you receive for every Panamanian Balboa (PAB). At the current mid-market rate of 1 PAB = 1.0000 USD, 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/USD Conversion

Converting Panamanian Balboa to US Dollar 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.

How to Get the Best PAB to USD 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 USD and other currencies.

Mid-Market Rate Explained

The mid-market rate of 1 PAB = 1.0000 USD 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.