LocalExchangeRates.com

Official Rate Sheet: Panamanian Balboa (PAB) / Moroccan Dirham (MAD)

Date generated:

Mid-Market Rate: 1 PAB = 9.9351 MAD

Real-Time Interbank Wholesale Feed: October 6, 2026

Panamanian Balboa to Moroccan Dirham Exchange Rate (PAB to MAD)

Real-time mid-market wholesale rate with zero retail markup. Check benchmark pricing before bank conversion or international wire transfer.

Bottom Line Up Front (BLUF): How much is 1,000 PAB in MAD?

1 PAB = 9.9351 MAD

At the current mid-market wholesale exchange rate, converting 1,000 Panamanian Balboa (PAB) yields approximately 9,935.07 Moroccan Dirham (MAD) (inverse rate: 1 MAD = 0.1007 PAB). This rate represents the pure interbank benchmark. Retail dealers and commercial banks typically apply a commercial spread between 1.5% and 3.5%. View live calculations, historical charts, and provider spreads below.

You Pay (Amount): PAB

You Receive (Estimate): MAD

Wycena na podstawie średniego kursu międzybankowego (0,00% marży)

Kurs rynkowy: 1 PAB = 9.9351 MAD

Kurs odwrotny: 1 MAD = 0.1007 PAB

Status danych: Live Data (Redis)

Looking for reverse calculation? Check MAD to PAB (Moroccan Dirham to Panamanian Balboa) Live Converter →

PAB to MAD Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Panamanian Balboa against Moroccan Dirham

Period High

10.0543 MAD

Period Low

9.8159 MAD

Volatility / Avg

9.9351 MAD

Mid-Market Trend

+0.25%

30-Day Range (1M) Position: 50% range

Min: 9.8159 MAD

Max: 10.0543 MAD

52-Week Range (1Y) Current Position: 65% Range

Min: 9.5873 MAD

Max: 10.2828 MAD

Standard Denomination Conversion Matrix (PAB & MAD)

Wholesale interbank rate matrix with zero retail markup or hidden fees.

Panamanian Balboa → Moroccan Dirham (PAB / MAD)

Wholesale Benchmark

Panamanian Balboa (PAB)	Moroccan Dirham (MAD)
1 PAB	9.94 MAD
5 PAB	49.68 MAD
10 PAB	99.35 MAD
25 PAB	248.38 MAD
50 PAB	496.75 MAD
100 PAB	993.51 MAD
200 PAB	1,987.01 MAD
250 PAB	2,483.77 MAD
500 PAB	4,967.54 MAD
1,000 PAB	9,935.07 MAD
2,500 PAB	24,837.68 MAD
5,000 PAB	49,675.36 MAD
10,000 PAB	99,350.73 MAD

Moroccan Dirham → Panamanian Balboa (MAD / PAB)

Wholesale Benchmark

Moroccan Dirham (MAD)	Panamanian Balboa (PAB)
1 MAD	0.10 PAB
5 MAD	0.50 PAB
10 MAD	1.01 PAB
25 MAD	2.52 PAB
50 MAD	5.03 PAB
100 MAD	10.07 PAB
200 MAD	20.13 PAB
250 MAD	25.16 PAB
500 MAD	50.33 PAB
1,000 MAD	100.65 PAB
2,500 MAD	251.63 PAB
5,000 MAD	503.27 PAB
10,000 MAD	1,006.54 PAB

Provider / Channel	PAB/MAD Effective Exchange Rate	Estimated Fee	Estimated Received (MAD)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	9.9351 MAD	0.00%	49,675.36 MAD	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	9.5873 MAD	~3.50%	47,936.72 MAD	-1,738.64 MAD
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	8.9416 MAD	~10.00%	44,707.83 MAD	-4,967.54 MAD

1 PAB to MAD: Panamanian Balboa to Moroccan Dirham Exchange Guide

Searches for 1 PAB to MAD or convert PAB to MAD describe the amount of Moroccan Dirham received per 1 Panamanian Balboa. At today's wholesale baseline of 1 PAB = 9.9351 MAD (inverse: 1 MAD = 0.1007 PAB), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Panama ↔ Morocco)

Whether remitting money internationally or budgeting for travel, benchmark retail bank quotes against the wholesale mid-market rate to avoid excessive markups.

🏦 Commercial Bank Spreads

Major commercial banks typically add markups between 1.5% and 3.5% on foreign currencies, whereas digital multi-currency accounts operate with tighter margins.

📈 Monetary Policy Drivers

Interest rate decisions and monetary policies set by National Bank of Panama (BNP) and Bank Al-Maghrib (BAM) shape the medium-to-long term valuation of PAB/MAD.

PAB and MAD Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for Panama and Morocco.

How the PAB to MAD Exchange Rate Works

Foreign exchange transactions between Panama (PAB) and Morocco (MAD) trade continuously on global wholesale interbank currency markets. The mid-market rate represents the exact mathematical midpoint between institutional buy (bid) and sell (ask) quotes without retail dealer markups.

Key considerations when converting or transferring between PAB and MAD:

Banking Channel Selection: Digital banking transfers and specialized multi-currency accounts generally offer exchange margins of 0.2% to 0.8%, whereas airport physical cash booths frequently charge 8% to 12% over the interbank baseline.
Central Bank Oversight & Policy: Monetary policy decisions, policy interest rate differentials, and currency reserves managed by National Bank of Panama (BNP) and Bank Al-Maghrib (BAM) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Panama and Morocco exceeding equivalent to 10,000 USD or EUR are legally required to file written declarations with border authorities.
Avoid Dynamic Currency Conversion (DCC): When using payment cards abroad or withdrawing cash from ATMs, always elect to be billed in the local currency (MAD) rather than your home billing currency to bypass costly DCC conversion markups.

LocalExchangeRates aggregates real-time wholesale interbank benchmarks to provide users with transparent, independent currency valuation.

Frequently Asked Questions: Panamanian Balboa to Moroccan Dirham Conversion

Common questions regarding Panamanian Balboa to Moroccan Dirham conversion, bank spreads, and transfer costs.

How much is 1,000 PAB in MAD today?

At the current mid-market exchange rate (1 PAB = 9.9351 MAD), 1,000 Panamanian Balboa equals approximately 9,935.07 Moroccan Dirham. Retail exchange bureaus and commercial banks typically apply a 1.5% to 3.5% transaction spread.

Where can I get the best exchange rate for Panamanian Balboa?

To secure the best rates, avoid airport currency kiosks which routinely apply markups exceeding 8% to 12%. Converting currency at major commercial banks or using a low-fee multi-currency card typically delivers the closest rate to the mid-market benchmark.

Are there cash declaration limits when traveling with PAB?

Most international customs jurisdictions mandate a formal declaration when carrying physical cash or negotiable instruments exceeding the equivalent of 10,000 USD or EUR. Check with local customs authority (National Bank of Panama (BNP)) prior to departure.

Does the exchange rate fluctuate during weekends?

Global interbank foreign exchange markets close on Friday evening (5:00 PM EST) and reopen on Sunday evening. Over the weekend, rates remain static at the Friday close, though retail providers may widen spreads to offset volatility risks.

How is the mid-market exchange rate calculated?

The mid-market exchange rate is the exact midpoint between global wholesale institutional buy (bid) and sell (ask) quotes. It serves as the global benchmark without any added retail broker or banking markup.