GBP to PAB Exchange Rate - Convert British Pound to Panama Balboa

Converting from British Pound (GBP) to Panama Balboa (PAB)

What is British Pound (GBP)

The British Pound, commonly referred to as GBP, is the official currency of the United Kingdom and its territories. It is one of the oldest currencies still in use today and is often regarded as one of the world's strongest currencies. The symbol for the British Pound is £, while its currency code is GBP.

The Pound is divided into 100 smaller units called pence (singular: penny). The British economy is one of the largest in the world, which gives the Pound significant value on the global market. The Bank of England (BoE) is responsible for issuing and regulating the currency, influencing its value through interest rates and monetary policy.

The Pound is widely used in international trade and can be exchanged in many countries around the world. Its value can fluctuate based on various economic factors such as inflation rates, interest rates, and political stability. This makes it essential to stay updated on exchange rates when converting GBP to other currencies.

What is Panama Balboa (PAB)

The Panama Balboa (PAB) is the official currency of Panama, introduced in 1904 when Panama separated from Colombia. The Balboa is unique in that it is pegged to the US Dollar (USD) at a one-to-one exchange rate, which means that $1 USD is equal to 1 PAB. The Balboa is divided into 100 centesimos, much like the cents in the US Dollar.

In practice, the US Dollar is widely accepted in Panama, and many transactions occur using both currencies interchangeably. This dual currency system has helped stabilize the Panamanian economy and promotes tourism and trade. The Panamanian government controls the issuance of the Balboa, but since USD is so prevalent, you will often see prices displayed in both currencies.

The Balboa is denoted with the symbol B/. and has limited physical currency in circulation, primarily consisting of coins. Banknotes for the Balboa do not exist; instead, US Dollars fulfill this role, which can sometimes lead to confusion for visitors unfamiliar with the dual currency system.

When converting between GBP and PAB, it's essential to consider the current GBP to USD exchange rate, as you will first convert GBP to USD before then converting USD to PAB. This can be done through banks, currency exchange services, or online platforms that track real-time exchange rates.

In conclusion, understanding both currencies and their relative values will help facilitate smoother transactions while traveling or engaging in business transactions between the United Kingdom and Panama.

British Pound to Panama Balboa conversion table

GBP to PAB conversion table

British Pound (GBP)Panama Balboa (PAB)
1 GBP1.32644039526 PAB
2 GBP2.65288079052 PAB
3 GBP3.97932118578 PAB
4 GBP5.30576158105 PAB
5 GBP6.63220197631 PAB
6 GBP7.95864237157 PAB
7 GBP9.28508276683 PAB
8 GBP10.61152316209 PAB
9 GBP11.93796355735 PAB
10 GBP13.26440395261 PAB
100 GBP132.64403952613 PAB
200 GBP265.28807905225 PAB
300 GBP397.93211857838 PAB
400 GBP530.5761581045 PAB
500 GBP663.22019763063 PAB
600 GBP795.86423715675 PAB
700 GBP928.50827668288 PAB
800 GBP1 061.152316209 PAB
900 GBP1 193.79635573513 PAB
1 000 GBP1 326.44039526126 PAB
2 000 GBP2 652.88079052251 PAB
5 000 GBP6 632.20197630628 PAB
10 000 GBP13 264.40395261256 PAB
20 000 GBP26 528.80790522512 PAB
50 000 GBP66 322.01976306281 PAB
100 000 GBP132 644.03952612562 PAB
Last updated April 18, 2025 at 12:55 PM