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South African rand to Panamanian Balboa / US dollar Exchange Rate History - XTransfer

South African rand to Panamanian Balboa / US dollar Historical Exchange Rates

Welcome to the ZAR to PAB exchange rate history page. This page contains detailed daily historical exchange rates between ZAR and PAB from 2025-3-8 to 2026-04-27, making it easy to look up and reference.

Amount
Result

1 ZAR = 0.060286 PAB

06:29 Exchange Rate

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1 South African rand to Panamanian Balboa / US dollar Historical Exchange Rate Trends

1 ZAR = -- PAB

06:29 Exchange Rate

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

1 South African rand to Panamanian Balboa / US dollar Data Statistics

This section organizes the historical exchange rate data of 1 ZAR 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
0.060286
0.0615362
0.0615362
0.0636857
Low
0.060286
0.059947
0.0581866
0.0581866
Average
0.060286
0.060833
0.060181
0.0609407

Past 7 days historical exchange rates

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

ZAR to PAB - Last 7 Days

ZARZARPABPAB
2026-04-27
0.060286
ZARZARPABPAB
2026-04-26
0.060477
ZARZARPABPAB
2026-04-25
0.060477
ZARZARPABPAB
2026-04-24
0.059947
ZARZARPABPAB
2026-04-23
0.0606244
ZARZARPABPAB
2026-04-22
0.0607504
ZARZARPABPAB
2026-04-21
0.0611378

PAB to ZAR - Last 7 Days

PABPABZARZAR
2026-04-27
16.587599
PABPABZARZAR
2026-04-26
16.535212
PABPABZARZAR
2026-04-25
16.535212
PABPABZARZAR
2026-04-24
16.681402
PABPABZARZAR
2026-04-23
16.4950086
PABPABZARZAR
2026-04-22
16.460797
PABPABZARZAR
2026-04-21
16.356493

ZARZAR - South African Rand

The rand was issued in 1961 with the establishment of the Republic of South Africa, replacing the South African pound. ZAR is the mainstay currency of the South African economy and is widely used in mining, manufacturing and financial services. As one of the most important currencies in Africa, the rand has a high liquidity in the international market.

  • Supporting unit:1 cent (1 rand = 100 cents)
  • Denomination of banknotes:10, 20, 50, 100, 200 Rand
  • Reserve currency:No, but it has a significant influence in the African region.
  • Banknote material:Paper-based, featuring various anti-counterfeiting designs.
  • Metal composition:Copper-nickel alloy, nickel-plated steel core alloy
  • Currency symbol:R
  • Paper currency size:Approximately 140mm × 70mm
  • language:en
  • Main unit:Rand
  • ISO code:ZAR
  • Currency name:South African Rand
  • Exchange Rate System:Floating exchange rate system
  • Central Bank:South African Reserve Bank
  • Safe-haven currency:No, mainly emerging market currencies.
  • Coin denomination:5, 10, 20, 50 cents; 1, 2, 5 rand.
  • Countries of Use:South Africa, Namibia, Lesotho, Eswatini, and Zimbabwe (partially used)
  • Cross-border payment:The rand is widely circulated in southern Africa, international payments are mostly conducted through the SWIFT network, and cross-border trade often settles in US dollars or euros.

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 South African rand to Panamanian Balboa / US dollar, is now a good time to exchange?

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

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

The core factor affecting the historical volatility of South African rand 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 ZAR 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 ZAR, thereby intensifying the frequency of two-way volatility between South African rand and Panamanian Balboa / US dollar.

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

Historically, South African rand 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 South African rand 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 ZAR to PAB within an acceptable trade cost range.

Is the current exchange rate of South African rand to Panamanian Balboa / US dollar considered a historical high or low?

To evaluate the current level of ZAR 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 South African rand is approaching a historical resistance level. If the current ZAR price has broken through highs from years ago, it indicates that ZAR is at an extreme high; exchanging South African rand 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 South African rand to Panamanian Balboa / US dollar?

AI predictions for ZAR to PAB are trend references derived from historical big data and market sentiment models. While AI can capture the operational patterns of ZAR through algorithms, it is difficult to 100% predict sudden international political events or unexpected policy adjustments. Therefore, the predicted values for South African rand 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.