Panama: USD exchange rate

The currency chart for Panama shows historical data for the Panamanian Balboas per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Panamanian Balboas per USD. Depreciation implies that goods from Panama become cheaper to export and it becomes cheaper for foreigners to visit Panama.

The series for Panama are available from September 2004 to April 2025. For that period, the average exchange rate for Panama was 0.9997 Panamanian Balboas per USD with a minimum of 0.997 Panamanian Balboas per USD in September 2021 and a maximum of 1.0012 Panamanian Balboas per USD in April 2022. The most recent available data point is 0.9993 Panamanian Balboas per USD, a change of -0.04% from the previous data point of 0.9997 Panamanian Balboas per USD and a change of 0.05% from a year ago when the level was 0.9988 Panamanian Balboas per USD.

Currency values in Panama and elsewhere have different driving forces over the short-run and the long-run. Countries may have fixed or floating exchange rate regimes or be part of monetary unions. They may experience currency crises. These and other issues are discussed in detail on our Exchange rate page.