1 UGX to PAB - Convert Ugandan Shilling to Panamanian Balboa

Looking at the 30-day window, the UGX/PAB pair traded in a range of 0.000269 to 0.000300. The monthly average was 0.000299 with 1.83% volatility. This downward movement of 10.3% suggests significant momentum in the UGX/PAB exchange rate.

The current mid-market exchange rate is 1 UGX = 0.000274 PAB, updated as of July 3, 2026, 7:47 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.

Ugandan Shilling to Panamanian Balboa Exchange Rate

The UGX/PAB exchange rate tells you how many Panamanian Balboa (PAB) you receive for every Ugandan Shilling (UGX). At the current mid-market rate of 1 UGX = 0.000274 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 UGX to PAB Rate

Exchange rates between Ugandan Shilling 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 UGX/PAB rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best UGX to PAB 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 UGX/PAB Trends

The UGX/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.

Sending Money from UGX to PAB

International money transfers from Ugandan Shilling to Panamanian Balboa 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.

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 UGX reflects relative economic conditions between the two currency areas.