CAD to PAB Exchange Rate - Convert Canadian Dollar to Panama Balboa

Converting from Canadian Dollar (CAD) to Panama Balboa (PAB)

What is Canadian Dollar (CAD)

The Canadian Dollar (CAD) is the official currency of Canada, identified by the symbol "$" or sometimes "C$" to differentiate it from other dollar-denominated currencies. It is subdivided into 100 cents. The Canadian Dollar is one of the most traded currencies in the world and is known for its stability and reliability.

The CAD is issued by the Bank of Canada, which plays a crucial role in maintaining the value of the currency through monetary policy and regulation. The exchange rate of the Canadian Dollar is influenced by various factors, including economic indicators, commodity prices, and the overall stability of the Canadian economy. As Canada is rich in natural resources, the value of the CAD is often affected by the prices of oil, minerals, and other commodities.

When converting CAD to other currencies, including the Panama Balboa (PAB), it is essential to consider the current exchange rates, which can fluctuate based on market conditions. This makes it important for individuals and businesses to stay informed about the latest rates, especially when dealing with international transactions or travel.

What is Panama Balboa (PAB)

The Panama Balboa (PAB) is the official currency of Panama, symbolized by "B/." It is unique in that it is pegged to the U.S. Dollar (USD) at a one-to-one exchange rate, which means that one Balboa is equivalent to one U.S. Dollar. The Balboa is further subdivided into 100 centésimos.

The Balboa was introduced in 1904 and coexists with the U.S. Dollar, making Panama one of the few countries that use a foreign currency alongside its own. The currency system in Panama relies heavily on the USD, as many transactions, prices, and savings are conducted in U.S. Dollars. As a result, the Balboa is primarily used for accounting purposes, while the U.S. Dollar is used in everyday transactions.

For those looking to convert Canadian Dollars to Panama Balboa, it is vital to know the exchange rate and any potential fees associated with the conversion process. The most common method of conversion is through banks or currency exchange services, which provide the latest rates and facilitate the exchange.

In summary, understanding the characteristics of both the Canadian Dollar and the Panama Balboa can help individuals make informed decisions about currency conversion. The stability of the CAD and the unique nature of the PAB, particularly its peg to the U.S. Dollar, play significant roles in determining how much you will receive when exchanging these currencies. Always check the latest rates and consider any applicable fees before proceeding with your currency exchange.

Canadian Dollar to Panama Balboa conversion table

CAD to PAB conversion table

Canadian Dollar (CAD)Panama Balboa (PAB)
1 CAD0.718674511 PAB
2 CAD1.437349022 PAB
3 CAD2.156023533 PAB
4 CAD2.87469804399 PAB
5 CAD3.59337255499 PAB
6 CAD4.31204706599 PAB
7 CAD5.03072157699 PAB
8 CAD5.74939608799 PAB
9 CAD6.46807059899 PAB
10 CAD7.18674510999 PAB
100 CAD71.86745109986 PAB
200 CAD143.73490219973 PAB
300 CAD215.60235329959 PAB
400 CAD287.46980439946 PAB
500 CAD359.33725549932 PAB
600 CAD431.20470659919 PAB
700 CAD503.07215769905 PAB
800 CAD574.93960879891 PAB
900 CAD646.80705989878 PAB
1 000 CAD718.67451099864 PAB
2 000 CAD1 437.34902199729 PAB
5 000 CAD3 593.37255499321 PAB
10 000 CAD7 186.74510998643 PAB
20 000 CAD14 373.49021997285 PAB
50 000 CAD35 933.72554993213 PAB
100 000 CAD71 867.45109986425 PAB
Last updated May 9, 2025 at 01:55 PM