USD → 
PAB Rate as of2026-05-19 USD to PAB Converter.
⚡
Current rate
1 USD = 1 PAB as of 2026-05-19. The Panamanian balboa is pegged 1:1 to the USD and the US dollar is legal tender and the dominant medium of exchange in Panama, with the balboa circulating mainly as coinage. USD-PAB searches are driven by tourists, retirees on the Pensionado program, and businesses verifying the peg holds for invoicing.
💱
Rate as of 2026-05-19USD → PAB Converter
$
🇺🇸 $1.00 = 🇵🇦
PAB 1.00
Rate: 1 USD = 1.0000 PAB
Common conversions
| 🇺🇸 USD | 🇵🇦 PAB |
|---|---|
| $1.00 | PAB 1.00 |
| $10.00 | PAB 10.00 |
| $100.00 | PAB 100.00 |
| $500.00 | PAB 500.00 |
| $1,000.00 | PAB 1,000.00 |
| $5,000.00 | PAB 5,000.00 |
| $10,000.00 | PAB 10,000.00 |
| $50,000.00 | PAB 50,000.00 |
| $100,000.00 | PAB 100,000.00 |
✨ Mid-market rate · 2026-05-19 · Real-world transfer rates may differ 0.5-3% depending on provider · Not financial advice
📈 Trend
USD trend over time.
Today
1
1 USD = PAB
1 year ago
1
↓ 0.0% in 12 months
5 years ago
1
↓ 0.0% in 5 years
❓ FAQ
USD to PAB FAQ.
Is the Panamanian balboa really 1:1 with USD?
Yes - since 1904 the balboa has been fixed at par with the US dollar, and US dollar banknotes circulate alongside balboa coins as the de facto currency of Panama.
Do I need to exchange USD to PAB in Panama?
No - US dollar bills are accepted everywhere in Panama at face value, and you'll only receive balboa coins as change for small purchases, so there is no exchange spread to worry about.
Best way to send USD to a Panama bank account?
Wise, Remitly and direct ACH/SWIFT through Banco General, Banistmo and Multibank all support USD deposits, and since the peg is 1:1 you essentially only pay the transfer fee.
💱 Related pairs
