NZD to PAB Exchange Rate - Convert New Zealand Dollar to Panama Balboa

Converting from New Zealand Dollar (NZD) to Panama Balboa (PAB)

What is New Zealand Dollar (NZD)

The New Zealand Dollar (NZD) is the official currency of New Zealand and is often symbolized as "$" or "NZ$" to distinguish it from other dollar-denominated currencies. Introduced in 1967, the NZD is divided into 100 cents. As a stable and widely respected currency, it is known for its relatively low inflation rates and is a popular choice among international investors.

The New Zealand Dollar is used not just in New Zealand but also in a few of its neighboring Pacific island nations. It is part of the top 20 most traded currencies in the world, which can make it easier to exchange. The currency is issued and regulated by the Reserve Bank of New Zealand, which aims to maintain price stability and economic growth.

Factors influencing the value of NZD include economic indicators such as employment rates, inflation, and interest rates, as well as geopolitical events. Investors often keep an eye on New Zealand's primary industries, such as agriculture and tourism, as these sectors significantly impact the economy and the strength of the NZD.

What is Panama Balboa (PAB)

The Panama Balboa (PAB) is the official currency of Panama and operates on a one-to-one basis with the US Dollar (USD). Introduced in 1904, the Balboa is named after the Spanish explorer Vasco Núñez de Balboa. Like the NZD, the Balboa is subdivided into 100 centésimos.

Interestingly, while the Balboa is the official currency, the US Dollar is more commonly used for transactions throughout the country. This unique arrangement provides Panama with monetary stability and facilitates international trade. The currency is minted in coin form but not in banknote form, as the US Dollar bills serve that purpose.

The economic climate of Panama has been growing consistently, fueled by sectors such as banking, commerce, and tourism. A stable economy generally contributes to a stable currency value. The Balboa's value is influenced by the US Dollar, which makes it somewhat predictable in terms of exchange rates.

Converting NZD to PAB

When exchanging New Zealand Dollars to Panama Balboa, the process requires looking at the current exchange rates, which can fluctuate based on market activity. Currency converters are available online, and banks or currency exchange services can provide you with current conversion rates.

To convert NZD to PAB, you might use the formula:

Amount in PAB = Amount in NZD × Exchange Rate (NZD to PAB)

If you plan to travel or conduct business requiring both currencies, understanding the exchange rates and market trends is essential for maximizing your financial transactions.

Always check for any fees related to currency exchange, as these can affect how much you ultimately receive in the transaction.

New Zealand Dollar to Panama Balboa conversion table

NZD to PAB conversion table

New Zealand Dollar (NZD)Panama Balboa (PAB)
1 NZD0.57876858032 PAB
2 NZD1.15753716065 PAB
3 NZD1.73630574097 PAB
4 NZD2.3150743213 PAB
5 NZD2.89384290162 PAB
6 NZD3.47261148195 PAB
7 NZD4.05138006227 PAB
8 NZD4.6301486426 PAB
9 NZD5.20891722292 PAB
10 NZD5.78768580325 PAB
100 NZD57.87685803247 PAB
200 NZD115.75371606494 PAB
300 NZD173.63057409741 PAB
400 NZD231.50743212988 PAB
500 NZD289.38429016235 PAB
600 NZD347.26114819482 PAB
700 NZD405.13800622729 PAB
800 NZD463.01486425976 PAB
900 NZD520.89172229223 PAB
1 000 NZD578.7685803247 PAB
2 000 NZD1 157.53716064939 PAB
5 000 NZD2 893.84290162348 PAB
10 000 NZD5 787.68580324696 PAB
20 000 NZD11 575.37160649392 PAB
50 000 NZD28 938.4290162348 PAB
100 000 NZD57 876.8580324696 PAB
Last updated March 17, 2025 at 09:55 PM