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Turkish lira to Panamanian Balboa / US dollar Exchange Rate History - XTransfer

Turkish lira to Panamanian Balboa / US dollar Historical Exchange Rates

Welcome to the TRY to PAB exchange rate history page. This page contains detailed daily historical exchange rates between TRY and PAB from 2025-3-8 to 2026-04-15, making it easy to look up and reference.

Amount
Result

1 TRY = 0.022361 PAB

01:31 Exchange Rate

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1 Turkish lira to Panamanian Balboa / US dollar Historical Exchange Rate Trends

1 TRY = -- PAB

01:31 Exchange Rate

TRY - PAB+0%
7D
1M
3M
Invalid DateInvalid Date

1 Turkish lira to Panamanian Balboa / US dollar Data Statistics

This section organizes the historical exchange rate data of 1 TRY 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.

Time
Past 1 day
Past 15 day
Past 30 day
Past 90 day
High
0.022361
0.0224819
0.0226299
0.0231127
Low
0.022361
0.022361
0.022361
0.022361
Average
0.022361
0.0224247
0.0224883
0.0227537

Past 7 days historical exchange rates

Below are the daily average exchange rates of TRY to PAB for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of PAB to TRY, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.

TRY to PAB - Last 7 Days

TRYTRYPABPAB
2026-04-15
0.022361
TRYTRYPABPAB
2026-04-14
0.0223677
TRYTRYPABPAB
2026-04-13
0.0224105
TRYTRYPABPAB
2026-04-12
0.0224105
TRYTRYPABPAB
2026-04-11
0.0223962
TRYTRYPABPAB
2026-04-10
0.0223988
TRYTRYPABPAB
2026-04-09
0.0224799

PAB to TRY - Last 7 Days

PABPABTRYTRY
2026-04-15
44.720719
PABPABTRYTRY
2026-04-14
44.7073235
PABPABTRYTRY
2026-04-13
44.6219406
PABPABTRYTRY
2026-04-12
44.6219406
PABPABTRYTRY
2026-04-11
44.6504318
PABPABTRYTRY
2026-04-10
44.6452489
PABPABTRYTRY
2026-04-09
44.4841836

TRYTRY - Turkish Lira

The Turkish Lira has undergone several currency reforms, and the current version has been in circulation since 2005. TRY reflects the diversity and challenges of the Turkish economy.

  • Supporting unit:1 lira = 100 kuruş
  • Denomination of banknotes:5, 10, 20, 50, 100, 200 lira
  • Reserve currency:No, the US dollar and the euro are the main reserve currencies.
  • Banknote material:Paper, featuring multiple anti-counterfeiting designs.
  • Metal composition:Copper-nickel alloy, stainless steel
  • Currency symbol:
  • Paper currency size:For example, 100 lira is approximately 155mm × 70mm.
  • language:en
  • Main unit:Lira
  • ISO code:TRY
  • Currency name:Turkish Lira
  • Exchange Rate System:Floating exchange rate system
  • Central Bank:Central Bank of the Republic of Turkey
  • Safe-haven currency:No, it is highly volatile and not a safe-haven currency.
  • Coin denomination:1, 5, 10, 25, 50 kurush, 1 lira
  • Countries of Use:Turkey
  • Cross-border payment:The Turkish lira can be used for international settlements through SWIFT, but due to currency fluctuations, the US dollar and the euro are often used in cross-border trade.

PABPAB - 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.

FAQ

Based on the historical patterns of Turkish lira to Panamanian Balboa / US dollar, is now a good time to exchange?

To judge the timing for exchanging Turkish lira to Panamanian Balboa / US dollar, one must compare current rates with the average over the past year or even five years. If the current Turkish lira rate is well above the historical average, it usually means TRY is in a strong period, making it a good window for settlement into PAB. Conversely, if Turkish lira is at a historical low, it is recommended for exporters to hold TRY in batches and avoid the troughs to minimize losses when converting to PAB.

What are the main reasons affecting the historical volatility of TRY to PAB recently?

The core factor affecting the historical volatility of Turkish lira to Panamanian Balboa / US dollar recently is the divergence in monetary policies between the two countries. When interest rate hikes are implemented, the attractiveness of TRY tends to increase, leading to a significant rise in its historical exchange rate against PAB. Additionally, fluctuations in global trade data and inflation levels trigger safe-haven demand for TRY, thereby intensifying the frequency of two-way volatility between Turkish lira and Panamanian Balboa / US dollar.

Has TRY experienced a sharp plunge against PAB before? How can I protect myself?

Historically, Turkish lira against Panamanian Balboa / US dollar has indeed experienced violent fluctuations or even plunges due to policy shocks or economic crises. The best way to hedge against Turkish lira exchange rate risk is to analyze its historical volatility cycles and avoid betting on a one-sided market at a single high point. It is recommended to use batch settlement or forward locking tools to keep the volatility risk of TRY to PAB within an acceptable trade cost range.

Is the current exchange rate of Turkish lira to Panamanian Balboa / US dollar considered a historical high or low?

To evaluate the current level of TRY to PAB, one must examine the currency pair's long-term trend chart. By comparing the peaks and troughs of the past five years, you can clearly see if Turkish lira is approaching a historical resistance level. If the current TRY price has broken through highs from years ago, it indicates that TRY is at an extreme high; exchanging Turkish lira to Panamanian Balboa / US dollar now can often lock in more substantial trade profits than in previous years.

How accurate are the AI-predicted exchange rates for Turkish lira to Panamanian Balboa / US dollar?

AI predictions for TRY to PAB are trend references derived from historical big data and market sentiment models. While AI can capture the operational patterns of TRY through algorithms, it is difficult to 100% predict sudden international political events or unexpected policy adjustments. Therefore, the predicted values for Turkish lira to Panamanian Balboa / US dollar should serve as supplementary advice for settlement timing, rather than an absolute execution guarantee.

How to stabilize exchange rates through convenient payment methods?

To stabilize profit fluctuations caused by exchange rates, the key is to shorten the decision-making link for settlement. By opening a global collection account online through XTransfer, foreign trade enterprises can move away from traditional banks' cumbersome offline declaration processes and lock in ideal rates for real-time settlement on their phones anytime, anywhere. This digital and convenient payment method from XTransfer frees you from bank hours and complex document reviews, allowing you to more autonomously capture market highs and ensure every payment is secured, effectively hedging against exchange loss risks.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness. Please refer to the real-time quotes from banks, related institutions, or trading systems.