Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's AMD to PAB (Armenian Dram to Panamanian Balboa) exchange rates

Armenia
Panama
AMD

Interbank Exchange Rate: 1 AMD = 0.0027 PAB
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Armenian Dram to Panamanian Balboa money transfers

Easily compare money transfer providers in one place to send money from Armenia to Panama. Send money overseas to your loved ones by comparing Armenian Dram (AMD) to Panamanian Balboa (PAB) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Armenia.

Were you looking to send money from Panama to Armenia instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest AMD to PAB Conversion Rates

Here are some latest AMD to PAB (Armenian Dram to Panamanian Balboa) exchange rates for popular conversion amounts*.

1 AMD0.00 PAB
5 AMD0.01 PAB
10 AMD0.03 PAB
25 AMD0.07 PAB
50 AMD0.14 PAB
100 AMD0.27 PAB
150 AMD0.41 PAB
200 AMD0.54 PAB
250 AMD0.68 PAB
300 AMD0.81 PAB
400 AMD1.08 PAB
500 AMD1.35 PAB
600 AMD1.62 PAB
700 AMD1.89 PAB
800 AMD2.16 PAB
1,000 AMD2.70 PAB
1,500 AMD4.05 PAB
2,000 AMD5.40 PAB
2,500 AMD6.75 PAB
3,000 AMD8.10 PAB
4,000 AMD10.80 PAB
5,000 AMD13.50 PAB
10,000 AMD27.00 PAB
15,000 AMD40.50 PAB
20,000 AMD54.00 PAB
30,000 AMD81.00 PAB
40,000 AMD108.00 PAB
50,000 AMD135.00 PAB
100,000 AMD270.00 PAB

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money from Armenia to Panama?

Sending money internationally to Panama from Armenia can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Armenian Dram to PAB remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Panama. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Panamanian Balboa.


How to get the best exchange rate for sending money from Armenia to Panama?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Panama.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Armenia to Panama transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your AMD to Panamanian Balboa money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


What's the cheapest way to send money from Armenia to Panama?

The final amount your recipient gets when you send AMD to PAB is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Armenia to Panama used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Panamanian Balboa is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Armenian Dram to Panama exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to send money from Armenia to Panama?

We do not recommend using your local bank in Armenia for your next AMD to PAB overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Armenia to Panama (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending PAB to Panama. These companies will let you use your local bank account in Armenia to pay for your Panama money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money to Panama from Armenia fast?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Armenia to Panama. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert AMD to PAB fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Armenian Dram amount reaching Panama. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Panamanian Balboa quickly to Panama, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to send money from Armenia to Panama?

The first step in selecting the best money transfer operators for Armenia to Panama remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Armenian Dram to Panamanian Balboa money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Panama.


Step by step guide to send money to Panama from Armenia

The first step to send money to Panama from Armenia is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your AMD to PAB overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Panama if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Armenia bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Panama!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Armenia to Panama.