The official currency is the Panamanian Balboa (PAB), equal to 100 centesimos, but the US Dollar is accepted everywhere. Balboa are available only in coin denominations. The only paper currency used is US dollars. It is easy to exchange currency in Panama at banks, exchange shops, hotels and the airport. Avoid the black market. The best rates are offered at the larger banks. Old, creased and dirty foreign notes may be refused for exchange. Most major credit cards, American Express, Visa, MasterCard and Diners club, are widely accepted. There are numerous ATMs in Panama City.
Currency Exchange Rates
|Panama||PAB 1||PAB 5||PAB 10||PAB 100||PAB 1,000|
|Australia||AUD 1.36||AUD 6.79||AUD 13.59||AUD 135.87||AUD 1,358.70|
|Canada||CAD 1.34||CAD 6.68||CAD 13.36||CAD 133.63||CAD 1,336.30|
|Ireland||EUR 0.95||EUR 4.75||EUR 9.50||EUR 95.00||EUR 950.00|
|New Zealand||NZD 1.41||NZD 7.03||NZD 14.07||NZD 140.68||NZD 1,406.80|
|South Africa||ZAR 13.06||ZAR 65.30||ZAR 130.60||ZAR 1,305.98||ZAR 13,059.80|
|United Kingdom||GBP 0.81||GBP 4.07||GBP 8.15||GBP 81.45||GBP 814.50|
|United States of America||USD 1.00||USD 5.00||USD 10.00||USD 100.00||USD 1,000.00|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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