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 1.34||AUD 6.68||AUD 13.35||AUD 133.51||AUD 1,335.10|
|Canada||CAD 1.35||CAD 6.74||CAD 13.49||CAD 134.88||CAD 1,348.80|
|Ireland||EUR 0.89||EUR 4.45||EUR 8.90||EUR 89.04||EUR 890.40|
|New Zealand||NZD 1.42||NZD 7.10||NZD 14.21||NZD 142.08||NZD 1,420.80|
|South Africa||ZAR 12.89||ZAR 64.46||ZAR 128.92||ZAR 1,289.20||ZAR 12,892.00|
|United Kingdom||GBP 0.77||GBP 3.85||GBP 7.70||GBP 77.01||GBP 770.10|
|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.
Become our Panama Travel Expert
We are looking for contributors for our Panama travel guide. If you are a local, a regular traveller to Panama or a travel professional with time to contribute and answer occasional forum questions, please contact us.