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Compare today's BSD to PAB (Bahamian Dollar to Panamanian Balboa) exchange rates

Bahamas
Panama
BSD

Interbank Exchange Rate: 1 BSD = 1.0000 PAB
Updated about an hour ago

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All you need to know about Bahamian Dollar to Panamanian Balboa money transfers

Easily compare money transfer providers in one place to send money from Bahamas to Panama. Send money overseas to your loved ones by comparing Bahamian Dollar (BSD) 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 Bahamas.

Were you looking to send money from Panama to Bahamas 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 BSD to PAB Conversion Rates

Here are some latest BSD to PAB (Bahamian Dollar to Panamanian Balboa) exchange rates for popular conversion amounts*.

1 BSD1.00 PAB
5 BSD5.00 PAB
10 BSD10.00 PAB
25 BSD25.00 PAB
50 BSD50.00 PAB
100 BSD100.00 PAB
150 BSD150.00 PAB
200 BSD200.00 PAB
250 BSD250.00 PAB
300 BSD300.00 PAB
400 BSD400.00 PAB
500 BSD500.00 PAB
600 BSD600.00 PAB
700 BSD700.00 PAB
800 BSD800.00 PAB
1,000 BSD1,000.00 PAB
1,500 BSD1,500.00 PAB
2,000 BSD2,000.00 PAB
2,500 BSD2,500.00 PAB
3,000 BSD3,000.00 PAB
4,000 BSD4,000.00 PAB
5,000 BSD5,000.00 PAB
10,000 BSD10,000.00 PAB
15,000 BSD15,000.00 PAB
20,000 BSD20,000.00 PAB
30,000 BSD30,000.00 PAB
40,000 BSD40,000.00 PAB
50,000 BSD50,000.00 PAB
100,000 BSD100,000.00 PAB

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


What's the best way to transfer money from Bahamas to Panama?

Sending money internationally to Panama from Bahamas 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 Bahamian Dollar 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 your money transfers from Bahamas 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 Bahamas 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 BSD 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 for transferring money to Panama from Bahamas?

The final amount your recipient gets when you send BSD 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 Bahamas 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 Bahamian Dollar 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 Bahamas to Panama?

We do not recommend using your local bank in Bahamas for your next BSD 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 Bahamas 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 Bahamas 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.


What is the fastest way to do a money transfer to Panama from Bahamas?

If you need to convert BSD to PAB as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Bahamas to Panama could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Bahamian Dollar to Panamanian Balboa funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Panama.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Bahamas to Panama. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to transfer money from Bahamas to Panama?

The first step in selecting the best money transfer operators for Bahamas 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 Bahamian Dollar 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 from Bahamas to Panama

With so many possible ways to transfer Bahamian Dollar to Panamanian Balboa, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Bahamas to Panama remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Bahamas and the receiver in Panama. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your BSD to Panamanian Balboa money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.