AUD to PAB Exchange Rate - Convert Australian Dollar to Panama Balboa

Converting from Australian Dollar (AUD) to Panama Balboa (PAB)

What is Australian Dollar (AUD)

The Australian Dollar (AUD) is the official currency of Australia and its territories, as well as some Pacific Island nations. It is denoted by the symbol "$" and often referenced as "A$" to distinguish it from other dollar-denominated currencies. The Australian Dollar was introduced in 1966, replacing the Australian pound. It is one of the most traded currencies in the world, largely due to Australia's stable economic environment and abundant natural resources.

The AUD is subdivided into 100 cents. Coins are available in denominations of 5, 10, 20, 50 cents, and 1 and 2 dollars, while banknotes come in 5, 10, 20, 50, and 100 dollar denominations. The currency is issued by the Reserve Bank of Australia (RBA). The exchange rate of AUD fluctuates according to market forces, and is influenced by factors such as interest rates, trade balances, and economic indicators within Australia and its trading partners.

As of recent years, the AUD has been generally strong against many currencies, making Australia an attractive destination for international investment and tourism. Understanding how to convert AUD to other currencies can be useful for travelers, businesses, and investors dealing in international markets.

What is Panama Balboa (PAB)

The Panama Balboa (PAB) is the official currency of Panama. It was introduced in 1904 to replace the Colombian peso and is pegged to the US dollar at a 1:1 ratio. This means that 1 Balboa is equivalent to 1 US dollar, making the Balboa a relatively stable currency. Interestingly, both the Balboa and the US dollar circulate simultaneously in Panama; however, Balboa coins are used while US banknotes are more common for day-to-day transactions.

The Balboa is divided into 100 centésimos, and coins are issued in denominations of 1, 5, 10, 25, and 50 centésimos, as well as $1. The currency is named after the Spanish explorer Vasco Núñez de Balboa, who was one of the first Europeans to explore the Pacific Ocean.

When it comes to converting from AUD to PAB, it is essential to check the latest exchange rates, as they can fluctuate daily. Generally, travelers and businesses may find it convenient to directly convert AUD to USD first, given the strong connection between the US dollar and the Balboa.

In summary, while the Australian Dollar and Panama Balboa are very different currencies, both play significant roles in their respective economies. Understanding how to convert between these two currencies can help facilitate travel and business operations involving Panama and Australia. For accurate conversions, online currency converters or financial institutions can be very helpful tools.

For instance, if the exchange rate is $1 AUD = $0.70 PAB, this can be expressed in equation form as follows:

Amount in PAB = Amount in AUD × Exchange Rate

Thus, knowing the current rates is indispensable for any transactions involving these currencies.

Australian Dollar to Panama Balboa conversion table

AUD to PAB conversion table

Australian Dollar (AUD)Panama Balboa (PAB)
1 AUD0.63549323387 PAB
2 AUD1.27098646775 PAB
3 AUD1.90647970162 PAB
4 AUD2.5419729355 PAB
5 AUD3.17746616937 PAB
6 AUD3.81295940325 PAB
7 AUD4.44845263712 PAB
8 AUD5.083945871 PAB
9 AUD5.71943910487 PAB
10 AUD6.35493233875 PAB
100 AUD63.54932338749 PAB
200 AUD127.09864677497 PAB
300 AUD190.64797016246 PAB
400 AUD254.19729354995 PAB
500 AUD317.74661693744 PAB
600 AUD381.29594032492 PAB
700 AUD444.84526371241 PAB
800 AUD508.3945870999 PAB
900 AUD571.94391048738 PAB
1 000 AUD635.49323387487 PAB
2 000 AUD1 270.98646774974 PAB
5 000 AUD3 177.46616937436 PAB
10 000 AUD6 354.93233874872 PAB
20 000 AUD12 709.86467749744 PAB
50 000 AUD31 774.66169374359 PAB
100 000 AUD63 549.32338748718 PAB
Last updated April 18, 2025 at 12:55 PM