1 PEN to PAB - Convert Peruvian Sol to Panamanian Balboa

Looking at the 30-day window, the PEN/PAB pair traded in a range of 0.285600 to 0.302000. The monthly average was 0.293866 with 1.72% volatility. The relatively low volatility indicates stable trading conditions for the PEN/PAB currency pair.

The current mid-market exchange rate is 1 PEN = 0.293057 PAB, updated as of July 3, 2026, 11:07 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.

Peruvian Sol to Panamanian Balboa Exchange Rate

The PEN/PAB exchange rate tells you how many Panamanian Balboa (PAB) you receive for every Peruvian Sol (PEN). At the current mid-market rate of 1 PEN = 0.293057 PAB, 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.

What Affects the PEN to PAB Rate

Exchange rates between Peruvian Sol and Panamanian Balboa are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the PEN/PAB rate fluctuates throughout trading sessions and over longer time periods.

Historical PEN/PAB Trends

The PEN/PAB 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.

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. The PAB exchange rate against PEN reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 PEN = 0.293057 PAB 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: PAB to PEN

The reverse exchange rate is 1 PAB = 3.4123 PEN. This is useful if you are starting with Panamanian Balboa and want to know how much Peruvian Sol you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated PAB to PEN converter for the reverse direction.