Moroccan dirham to Panamanian Balboa / US dollar Historical Exchange Rates
Welcome to the MAD to PAB exchange rate history page. This page contains detailed daily historical exchange rates between MAD and PAB from 2025-3-8 to 2026-04-15, making it easy to look up and reference.
1 MAD = 0.10822 PAB
09:31 Exchange Rate
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1 Moroccan dirham to Panamanian Balboa / US dollar Historical Exchange Rate Trends
1 MAD = -- PAB
09:31 Exchange Rate
1 Moroccan dirham to Panamanian Balboa / US dollar Data Statistics
This section organizes the historical exchange rate data of 1 MAD to PAB, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.
Past 7 days historical exchange rates
Below are the daily average exchange rates of MAD to PAB for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of PAB to MAD, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.
MAD to PAB - Last 7 Days
MAD
PABMADPABMADPABMADPABMADPABMADPABMADPABPAB to MAD - Last 7 Days
PABMADPABMADPABMADPABMADPABMADPABMADPABMADMAD - Moroccan Dirham
The Moroccan Dirham was issued in 1959 and became the country's official currency after independence. The MAD reflects Morocco's economic diversification and foreign trade development and is one of the most important currencies in North Africa.
- Supporting unit:1 dirham = 100 centimes
- Denomination of banknotes:20, 50, 100, 200 dirhams
- Reserve currency:No, it mainly relies on the US dollar and the euro.
- Banknote material:Paper, with watermark and security thread.
- Metal composition:Copper-nickel alloy, stainless steel
- Currency symbol:د.م.
- Paper currency size:For example, 100 dirhams is approximately 140mm × 70mm.
- language:en
- Main unit:Dirham
- ISO code:MAD
- Currency name:Moroccan Dirham
- Exchange Rate System:Managed floating exchange rate system
- Central Bank:Bank Al-Maghrib
- Safe-haven currency:No, the exchange rate is significantly influenced by regional economies.
- Coin denomination:1, 5, 10, 20, 50 santims, 1 dirham
- Countries of Use:Morocco is the only country that uses it officially.
- Cross-border payment:Supports international payments through the SWIFT system, with limited use of the Moroccan dirham in trade within Africa and the Middle East.
PAB - Panamanian Balboa
The Balboa was issued in 1904 and has a fixed exchange rate with the U.S. dollar. As the national legal tender, the currency reflects the close connection between the Panamanian economy and the U.S. dollar.
- Supporting unit:1 Balboa = 100 cents (Centésimos)
- Denomination of banknotes:No, Papua has not issued any banknotes and actually uses U.S. dollar banknotes.
- Reserve currency:There is no official reserve currency; the US dollar is the primary circulating and reserve currency.
- Banknote material:No.
- Metal composition:Copper-nickel alloy, nickel-copper alloy
- Currency symbol:B./
- Paper currency size:No.
- language:en
- Main unit:1. Baboya
- ISO code:PAB
- Currency name:Panama Baboa
- Exchange Rate System:A fixed exchange rate system linked to the US dollar (1 PAB = 1 USD)
- Central Bank:Panama has no central bank; its monetary policy is jointly maintained by the National Bank and the dollar system.
- Safe-haven currency:No, the actual use of the US dollar as the mainstream safe-haven and transaction currency.
- Coin denomination:1, 5, 10, 25, and 50 cents (Barbadian coins, equivalent to U.S. coins)
- Countries of Use:Panama (in parallel circulation with the US dollar)
- Cross-border payment:Panama primarily relies on the US dollar financial system and the SWIFT network for international payments, with a high degree of currency stability and international trade often settled in US dollars.
