1 USD to PAB - Convert US Dollar to Panamanian Balboa

Looking at the 30-day window, the USD/PAB pair traded in a range of 0.9627 to 1.0318. The monthly average was 0.9976 with 2.05% volatility. This downward movement of 2.8% suggests significant momentum in the USD/PAB exchange rate.

The current mid-market exchange rate is 1 USD = 1.0000 PAB, updated as of July 3, 2026, 8:51 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.

US Dollar to Panamanian Balboa Exchange Rate

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

Exchange rates between US Dollar 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 USD/PAB rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best USD 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.

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 USD reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 USD = 1.0000 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.