Panama Exchange Rate against USD

1940 - 2023 | Monthly | USD/PAB | CEIC Data

Key information about Panama Exchange Rate against USD

  • Panama Exchange Rate against USD averaged 1.000 (USD/PAB) in May 2023, compared with 1.000 USD/PAB in the previous month.
  • Panama Exchange Rate against USD data is updated monthly, available from Jan 1940 to May 2023.
  • The data reached an all-time high of 1.000 in May 2023 and a record low of 1.000 in May 2023.

International Monetary Fund provides average Exchange Rate against USD. Panama local currency (Balboa) is pegged to the dollar on a one-to-one basis.


Key information about Panama Exchange Rate against USD

  • In the latest reports, Panama Short Term Interest Rate: Month End: Interbank Reference Rate: 3 Months was reported at 5.350 % pa in May 2023.

View Panama's Exchange Rate against USD from Jan 1940 to May 2023 in the chart:

Panama Exchange Rate against USD

What was Panama's Exchange Rate against USD in May 2023?

Panama Exchange Rate against USD averaged 1.000 (USD/PAB) in May 2023, compared with 1.000 USD/PAB in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.000 May 2023 1.000 Apr 2023 1.000 May 2023 1.000 May 2023 USD/PAB monthly Jan 1940 - May 2023

Exchange Rate against USD by Country Comparison

country/region Last Frequency Range
Albania (USD/ALL) 101.837 May 2023 monthly Jan 1992 - May 2023
Algeria (USD/DZD) 135.952 May 2023 monthly Jan 1957 - May 2023
Argentina (USD/ARS) 235.870 May 2023 monthly Nov 1977 - May 2023
Armenia (USD/AMD) 386.558 May 2023 monthly Apr 1992 - May 2023
Australia (USD/AUD) 1.505 May 2023 monthly Jan 1957 - May 2023
Austria (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
Azerbaijan (USD/AZN) 1.700 May 2023 monthly Dec 1992 - May 2023
Bahrain (USD/BHD) 0.376 Jun 2023 monthly Jan 1966 - Jun 2023
Bangladesh (USD/BDT) 104.390 May 2023 monthly May 1970 - May 2023
Belarus (USD/BYN) 2.895 May 2023 monthly Jan 1994 - May 2023
Belgium (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
Bolivia (USD/BOB) 6.910 Oct 2024 monthly Mar 1959 - Oct 2024
Bosnia and Herzegovina (USD/BAM) 1.799 May 2023 monthly Jan 1997 - May 2023
Botswana (USD/BWP) 13.479 May 2023 monthly Jan 1957 - May 2023
Brazil (USD/BRL) 4.981 May 2023 monthly Feb 1986 - May 2023
Brunei (USD/BND) 1.339 May 2023 monthly Jan 1957 - May 2023
Bulgaria (USD/BGN) 1.801 May 2023 monthly Jan 1957 - May 2023
Cambodia (USD/KHR) 4,115.350 May 2023 monthly Jan 1957 - May 2023
Canada (USD/CAD) 1.352 May 2023 monthly Jan 1957 - May 2023
Chile (USD/CLP) 798.635 May 2023 monthly Jan 1957 - May 2023
China (USD/RMB) 6.985 May 2023 monthly Jan 1957 - May 2023
Colombia (USD/COP) 4,539.540 May 2023 monthly Jan 1950 - May 2023
Croatia (USD/EUR) 0.920 May 2023 monthly Jan 1992 - May 2023
Cyprus (USD/EUR) 0.923 Jun 2023 monthly Jan 1957 - Jun 2023
Czech Republic (USD/CZK) 21.734 May 2023 monthly Jan 1993 - May 2023
Denmark (USD/DKK) 6.855 May 2023 monthly Jan 1957 - May 2023
Ecuador (USD/USD) 1.000 Nov 2024 monthly May 2006 - Nov 2024
Egypt (USD/EGP) 30.887 May 2023 monthly Jan 1957 - May 2023
Estonia (USD/EUR) 0.923 Jun 2023 monthly Jun 1992 - Jun 2023
European Union (USD/EUR) 0.920 May 2023 monthly Jan 1999 - May 2023
Finland (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
France (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
Georgia (USD/GEL) 2.534 May 2023 monthly Sep 1995 - May 2023
Germany (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
Ghana (USD/GHS) 15.983 Nov 2024 monthly Jan 1957 - Nov 2024
Greece (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
Hong Kong SAR, China (USD/HKD) 7.837 May 2023 monthly Jan 1957 - May 2023
Hungary (USD/HUF) 342.746 May 2023 monthly Jan 1968 - May 2023
Iceland (USD/ISK) 138.352 May 2023 monthly Jan 1957 - May 2023
India (USD/INR) 82.298 May 2023 monthly Jan 1957 - May 2023
Indonesia (USD/IDR) 14,810.857 May 2023 monthly Jan 1967 - May 2023
Iran (USD/IRR) 42,000.000 May 2023 monthly Jan 1957 - May 2023
Ireland (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
Israel (USD/ILS) 3.660 May 2023 monthly Jan 1957 - May 2023
Italy (USD/EUR) 0.923 Jun 2023 monthly Jan 1957 - Jun 2023
Ivory Coast (USD/XOF) 603.595 May 2023 monthly Jan 1957 - May 2023
Japan (USD/JPY) 137.053 May 2023 monthly Jan 1957 - May 2023
Jordan (USD/JOD) 0.709 May 2023 monthly Jan 1957 - May 2023
Kazakhstan (USD/KZT) 446.600 May 2023 monthly Nov 1993 - May 2023
Kenya (USD/KES) 137.240 May 2023 monthly Jan 1957 - May 2023
South Korea (USD/KRW) 1,327.480 May 2023 monthly Jan 1957 - May 2023
Kosovo (USD/EUR) 0.920 May 2023 monthly Jan 1999 - May 2023
Kuwait (USD/KWD) 0.307 Jun 2023 monthly Jan 1957 - Jun 2023
Kyrgyzstan (USD/KGS) 87.450 May 2023 monthly May 1993 - May 2023
Laos (USD/LAK) 16,862.318 May 2023 monthly Jan 1957 - May 2023
Latvia (USD/EUR) 0.920 May 2023 monthly Feb 1992 - May 2023
Lebanon (USD/LBP) 15,000.000 Apr 2023 monthly Jan 1957 - Apr 2023
Lithuania (USD/EUR) 0.920 May 2023 monthly Dec 1992 - May 2023
Luxembourg (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
Macau SAR, China (USD/MOP) 8.072 May 2023 monthly Dec 1967 - May 2023
North Macedonia (USD/MKD) 56.509 May 2023 monthly Dec 1993 - May 2023
Malawi (USD/MWK) 1,034.870 Mar 2023 monthly Jan 1957 - Mar 2023
Malaysia (USD/MYR) 4.512 May 2023 monthly Jan 1957 - May 2023
Malta (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
Mauritius (USD/MUR) 45.200 May 2023 monthly Jan 1957 - May 2023
Mexico (USD/MXN) 17.749 May 2023 monthly Jan 1957 - May 2023
Moldova (USD/MDL) 17.807 May 2023 monthly May 1994 - May 2023
Mongolia (USD/MNT) 3,461.180 May 2023 monthly Jul 1990 - May 2023
Montenegro (USD/EUR) 0.920 May 2023 monthly Jan 1999 - May 2023
Morocco (USD/MAD) 10.112 May 2023 monthly Jan 1957 - May 2023
Mozambique (USD/MZN) 63.900 Nov 2024 monthly Jan 1957 - Nov 2024
Myanmar (USD/MMK) 2,100.000 May 2023 monthly Apr 2012 - May 2023
Nepal (USD/NPR) 131.101 May 2023 monthly Jan 1957 - May 2023
Netherlands (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
New Zealand (USD/NZD) 1.609 May 2023 monthly Jan 1957 - May 2023
Nigeria (USD/NGN) 460.702 May 2023 monthly Jan 1957 - May 2023
Norway (USD/NOK) 10.807 May 2023 monthly Sep 1914 - May 2023
Oman (USD/OMR) 0.385 May 2023 monthly Jan 1957 - May 2023
Pakistan (USD/PKR) 286.584 Jun 2023 monthly Jan 1957 - Jun 2023
Panama (USD/PAB) 1.000 May 2023 monthly Jan 1940 - May 2023
Paraguay (USD/PYG) 7,224.544 May 2023 monthly Jan 1957 - May 2023
Peru (USD/PEN) 3.689 May 2023 monthly Jan 1960 - May 2023
Philippines (USD/PHP) 55.728 May 2023 monthly Jan 1945 - May 2023
Poland (USD/PLN) 4.179 May 2023 monthly Jan 1957 - May 2023
Portugal (USD/EUR) 0.923 Jun 2023 monthly Jan 1957 - Jun 2023
Qatar (USD/QAR) 3.640 May 2023 monthly Jan 1966 - May 2023
Romania (USD/RON) 4.555 May 2023 monthly Jan 1957 - May 2023
Russia (USD/RUB) 83.161 Jun 2023 monthly Jun 1992 - Jun 2023
Saudi Arabia (USD/SAR) 3.750 Jun 2023 monthly Jan 1957 - Jun 2023
Serbia (USD/RSD) 108.240 Jun 2023 monthly Jan 1995 - Jun 2023
Singapore (USD/SGD) 1.339 May 2023 monthly Jan 1957 - May 2023
Slovakia (USD/EUR) 0.920 May 2023 monthly Jan 1993 - May 2023
Slovenia (USD/EUR) 0.920 May 2023 monthly Nov 1991 - May 2023
South Africa (USD/ZAR) 19.032 May 2023 monthly Jan 1957 - May 2023
Spain (USD/EUR) 0.920 May 2023 monthly Jan 1957 - May 2023
Sri Lanka (USD/LKR) 309.420 May 2023 monthly Jan 1957 - May 2023
Sudan (USD/SDG) 446.387 Mar 2022 monthly Jan 1957 - Mar 2022
Sweden (USD/SEK) 10.769 Jun 2023 monthly Jan 1957 - Jun 2023
Switzerland (USD/CHF) 0.898 May 2023 monthly Jan 1957 - May 2023
Syria (USD/SYP) 7,861.364 May 2023 monthly Jan 1990 - May 2023

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 2023 yearly 2003 - 2023
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 376.798 Oct 2024 monthly Jan 1995 - Oct 2024
Tax Revenue: % of GDP (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
National Government Debt (USD mn) 53,809.6 Oct 2024 monthly Jul 2004 - Oct 2024
Government Debt: % of GDP (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
Forecast: Government Expenditure (PAB bn) 23.007 2029 yearly 1994 - 2029
Forecast: Government Net Debt (PAB bn) 59.883 2029 yearly 1994 - 2029
Forecast: Government Revenue (PAB bn) 21.105 2029 yearly 1994 - 2029
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 150,376.752 Oct 2024 monthly Jan 1995 - Oct 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 376,797.799 Oct 2024 monthly Jan 1995 - Oct 2024
Central Government Revenue: Current Revenue (PAB th) 509,360.329 Oct 2024 monthly Jan 1995 - Oct 2024
Public Debt: Domestic (USD mn) 9,723.943 Oct 2024 monthly Jul 2004 - Oct 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,259.9 Oct 2024 monthly Jan 1964 - Oct 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -71.9 Oct 2024 monthly Jan 2001 - Oct 2024
Aluminum: Exports (USD th) 6,067.531 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 329,464.345 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 10,079.101 2023 yearly 1995 - 2023
Total Imports (USD mn) 1,349.5 Oct 2024 monthly Jan 2000 - Oct 2024
Total Imports Growth (%) 8.2 Oct 2024 monthly Jan 2001 - Oct 2024
Imports: Medicament (USD th) 1,071,085.390 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 333,744.579 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 15.472 Aug 2024 monthly Jan 1970 - Aug 2024
Total Imports from USA (USD mn) 212.491 Aug 2024 monthly Jan 1967 - Aug 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 233.776 Aug 2024 monthly Mar 1989 - Aug 2024
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 94.7 Jun 2024 quarterly Mar 2013 - Jun 2024
Current Account Balance (USD mn) 434.7 Jun 2024 quarterly Mar 1998 - Jun 2024
Current Account Balance: % of GDP (%) 2.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Direct Investment (USD mn) 731.9 Jun 2024 quarterly Mar 1998 - Jun 2024
Foreign Direct Investment: % of GDP (%) 3.8 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Portfolio Investment (USD mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 0.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Jun 2024 quarterly Mar 2013 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
External Debt (USD mn) 44,085.7 Oct 2024 monthly Jul 2004 - Oct 2024
External Debt: % of GDP (%) 167.4 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.0 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.904 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -74,373.797 Jun 2024 quarterly Mar 2002 - Jun 2024
BoP: Net Errors and Omissions (PAB mn) -1,074.780 Jun 2024 quarterly Mar 2013 - Jun 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 434.679 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods (PAB mn) -2,641.439 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods: Credit (PAB mn) 3,860.024 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods: Debit (PAB mn) -6,501.463 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services: Debit (PAB mn) -1,204.292 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services: Credit (PAB mn) 4,997.525 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income (PAB mn) -699.429 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account: Credit (PAB mn) 2.490 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account (PAB mn) 2.490 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income: Credit (PAB mn) 1,040.920 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income: Debit (PAB mn) -1,740.348 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Direct Investment (PAB mn) 637.235 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,071.876 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Financial Account (FA) (PAB mn) -1,712.281 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Financing: Reserve Assets (PAB mn) 2,511.505 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services (PAB mn) 3,793.233 Jun 2024 quarterly Mar 2013 - Jun 2024
International Investment Position (IIP) (USD mn) -74,373.797 Jun 2024 quarterly Mar 2015 - Jun 2024
IIP: Assets (USD mn) 104,112.057 Jun 2024 quarterly Mar 2015 - Jun 2024
IIP: Liabilities (USD mn) 178,485.854 Jun 2024 quarterly Mar 2015 - Jun 2024
Foreign Direct Investment (FDI) (PAB mn) 731.906 Jun 2024 quarterly Mar 2013 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Oct 2024 monthly Dec 2008 - Oct 2024
Household Debt: % of GDP (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Non-Performing Loans (USD mn) 1,559.690 Oct 2024 monthly Dec 2008 - Oct 2024
Money Supply M1 (USD mn) 8,749.080 Jul 2024 monthly Dec 2002 - Jul 2024
Money Supply M2 (USD mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 2024
M2 Growth (%) 8.7 Jul 2024 monthly Dec 2003 - Jul 2024
Foreign Exchange Reserves (USD mn) 5,684.4 Oct 2024 monthly Oct 1969 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 5.697 Sep 2024 quarterly Dec 2007 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 4.2 Oct 2024 monthly Jan 2000 - Oct 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 107,351.873 Sep 2024 monthly Dec 1998 - Sep 2024
Total Deposits Growth (%) 6.8 Sep 2024 monthly Dec 1999 - Sep 2024
Domestic Credit (USD mn) 64,079.3 Oct 2024 monthly Dec 2001 - Oct 2024
Domestic Credit Growth (%) 5.8 Oct 2024 monthly Dec 2002 - Oct 2024
Household Debt (USD mn) 32,710.8 Oct 2024 monthly Oct 2005 - Oct 2024
Total Loans (USD mn) 96,404.929 Sep 2024 monthly Dec 1998 - Sep 2024
Total Loans Growth (%) 8.77 Sep 2024 monthly Dec 1999 - Sep 2024
Private Debt: % of Nominal GDP (%) 69.77 Sep 2024 quarterly Dec 2007 - Sep 2024
Money Supply: M3 (PAB mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 2024

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