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

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Includes Exchange Rate against USD on 114 economies standardised by CEIC. Instant access to full history data in excel.
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 Feb 2024 monthly Mar 1959 - Feb 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 Feb 2024 monthly May 2006 - Feb 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) 12.230 Feb 2024 monthly Jan 1957 - Feb 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 Feb 2024 monthly Jan 1957 - Feb 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

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Includes 164 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 762.604 Dec 2023 monthly Jan 1995 - Dec 2023
Tax Revenue: % of GDP (%) 7.2 Sep 2023 quarterly Mar 2007 - Sep 2023
National Government Debt (USD mn) 46,894.6 Jan 2024 monthly Jul 2004 - Jan 2024
Government Debt: % of GDP (%) 56.0 Sep 2023 quarterly Dec 2007 - Sep 2023
Forecast: Government Expenditure (PAB bn) 22.880 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 53.964 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.239 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax (PAB th) 762,604.057 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 553,673.642 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue (PAB th) 3,105,099.378 Dec 2023 monthly Jan 1995 - Dec 2023
Public Debt: Domestic (USD mn) 7,004.936 Jan 2024 monthly Jul 2004 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,100.0 Dec 2023 monthly Jan 1964 - Dec 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -79.6 Dec 2023 monthly Jan 2001 - Dec 2023
Aluminum: Exports (USD th) 1,490.770 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 807,995.942 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 145,164.399 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,171.0 Dec 2023 monthly Jan 2000 - Dec 2023
Total Imports Growth (%) -6.6 Dec 2023 monthly Jan 2001 - Dec 2023
Imports: Medicament (USD th) 1,054,288.448 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 448,064.045 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 14.124 Nov 2023 monthly Jan 1970 - Nov 2023
Total Imports from USA (USD mn) 179.004 Nov 2023 monthly Jan 1967 - Nov 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 149.250 Nov 2023 monthly Mar 1989 - Nov 2023
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 122.2 Sep 2023 quarterly Mar 2013 - Sep 2023
Current Account Balance (USD mn) -5,854.6 Sep 2023 quarterly Mar 1998 - Sep 2023
Current Account Balance: % of GDP (%) -28.8 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Direct Investment (USD mn) -176.4 Sep 2023 quarterly Mar 1998 - Sep 2023
Foreign Direct Investment: % of GDP (%) -0.9 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.2 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
External Debt (USD mn) 39,889.6 Jan 2024 monthly Jul 2004 - Jan 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) -2.777 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -73,105.081 Sep 2023 quarterly Mar 2002 - Sep 2023
BoP: Net Errors and Omissions (PAB mn) 3,834.392 Sep 2023 quarterly Mar 2013 - Sep 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -5,854.602 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Credit (PAB mn) 4,746.572 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods (PAB mn) -8,365.923 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Debit (PAB mn) -13,112.495 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Credit (PAB mn) 4,976.487 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services (PAB mn) 3,487.795 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Debit (PAB mn) -1,488.692 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Debit (PAB mn) -1,855.556 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income (PAB mn) -920.422 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Credit (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Credit (PAB mn) 935.134 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financial Account (FA) (PAB mn) 723.337 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financing: Reserve Assets (PAB mn) 1,266.187 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Direct Investment (PAB mn) -298.620 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) 540.810 Sep 2023 quarterly Mar 2013 - Sep 2023
International Investment Position (IIP) (USD mn) -73,105.081 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Assets (USD mn) 97,645.344 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Liabilities (USD mn) 170,750.425 Sep 2023 quarterly Mar 2015 - Sep 2023
Foreign Direct Investment (FDI) (PAB mn) -176.394 Sep 2023 quarterly Mar 2013 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Nov 2023 monthly Dec 2008 - Nov 2023
Household Debt: % of GDP (%) 38.3 Sep 2023 quarterly Dec 2007 - Sep 2023
Non-Performing Loans (USD mn) 1,670.620 Nov 2023 monthly Dec 2008 - Nov 2023
Money Supply M1 (USD mn) 9,005.520 Nov 2023 monthly Dec 2002 - Nov 2023
Money Supply M2 (USD mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023
M2 Growth (%) 2.9 Nov 2023 monthly Dec 2003 - Nov 2023
Foreign Exchange Reserves (USD mn) 5,420.6 Jan 2024 monthly Oct 1969 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 5.035 Sep 2023 quarterly Dec 2007 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 5.2 Dec 2023 monthly Jan 2000 - Dec 2023
Gold Reserves (USD mn) 0.000 Jan 2024 monthly Sep 1969 - Jan 2024
Total Deposits (USD mn) 104,202.564 Nov 2023 monthly Dec 1998 - Nov 2023
Total Deposits Growth (%) 5.2 Nov 2023 monthly Dec 1999 - Nov 2023
Domestic Credit (USD mn) 60,945.5 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 3.4 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 31,588.9 Nov 2023 monthly Oct 2005 - Nov 2023
Total Loans (USD mn) 89,824.234 Nov 2023 monthly Dec 1998 - Nov 2023
Total Loans Growth (%) 4.14 Nov 2023 monthly Dec 1999 - Nov 2023
Private Debt: % of Nominal GDP (%) 69.44 Sep 2023 quarterly Dec 2007 - Sep 2023
Money Supply: M3 (PAB mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023

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