Mexican peso to Panamanian Balboa / US dollar Historical Exchange Rates
Welcome to the MXN to PAB exchange rate history page. This page contains detailed daily historical exchange rates between MXN and PAB from 2025-3-8 to 2025-12-16, making it easy to look up and reference.
1 MXN = 0.0555645 PAB
02:30 Exchange Rate
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1 Mexican peso to Panamanian Balboa / US dollar Historical Exchange Rate Trends
1 MXN = -- PAB
02:30 Exchange Rate
1 Mexican peso to Panamanian Balboa / US dollar Data Statistics
This section organizes the historical exchange rate data of 1 MXN 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 MXN to PAB for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of PAB to MXN, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.
MXN to PAB - Last 7 Days
MXN
PABMXNPABMXNPABMXNPABMXNPABMXNPABMXNPABPAB to MXN - Last 7 Days
PABMXNPABMXNPABMXNPABMXNPABMXNPABMXNPABMXNMXN - Mexican Peso
The Mexican Peso was officially launched in 1863 and is one of the most influential currencies in Latin America. The MXN is widely used in domestic and international trade and is an important pillar of Mexico's economic stability and growth.
- Supporting unit:1 peso = 100 centavos
- Denomination of banknotes:20, 50, 100, 200, 500, 1000 pesos
- Reserve currency:No, but it holds a certain reserve position in the Latin American region.
- Banknote material:Smaller denominations (such as 20 and 50) are made of polymer material, while the others are made of paper.
- Metal composition:Aluminum bronze, stainless steel, bimetallic alloy
- Currency symbol:$ or Mex$
- Paper currency size:The size of 500 pesos is approximately 146mm × 65mm.
- language:en
- Main unit:1 Peso
- ISO code:MXN
- Currency name:Mexican Peso
- Exchange Rate System:Freely floating exchange rate system
- Central Bank:Bank of Mexico
- Safe-haven currency:No, it is an emerging market currency with high volatility.
- Coin denomination:5, 10, 20, 50 cents; 1, 2, 5, 10, 20 pesos
- Countries of Use:Mexico is the only country where Spanish is officially used, and in some border areas, both the dollar and the peso are in circulation.
- Cross-border payment:Fast cross-border remittances can be achieved through dedicated channels such as SWIFT and Directo a México, particularly with extensive support for transfers from the United States.
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.
