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

Compare today's DOP to PAB (Dominican Peso to Panamanian Balboa) exchange rates

Dominican Republic
Panama
DOP

Interbank Exchange Rate: 1 DOP = 0.0159 PAB
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Dominican Peso to Panamanian Balboa money transfers

Easily compare money transfer providers in one place to send money from Dominican Republic to Panama. Send money overseas to your loved ones by comparing Dominican Peso (DOP) 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 Dominican Republic.

Were you looking to send money from Panama to Dominican Republic 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 DOP to PAB Conversion Rates

Here are some latest DOP to PAB (Dominican Peso to Panamanian Balboa) exchange rates for popular conversion amounts*.

1 DOP0.02 PAB
5 DOP0.08 PAB
10 DOP0.16 PAB
25 DOP0.40 PAB
50 DOP0.80 PAB
100 DOP1.59 PAB
150 DOP2.39 PAB
200 DOP3.18 PAB
250 DOP3.98 PAB
300 DOP4.77 PAB
400 DOP6.36 PAB
500 DOP7.95 PAB
600 DOP9.54 PAB
700 DOP11.13 PAB
800 DOP12.72 PAB
1,000 DOP15.90 PAB
1,500 DOP23.85 PAB
2,000 DOP31.80 PAB
2,500 DOP39.75 PAB
3,000 DOP47.70 PAB
4,000 DOP63.60 PAB
5,000 DOP79.50 PAB
10,000 DOP159.00 PAB
15,000 DOP238.50 PAB
20,000 DOP318.00 PAB
30,000 DOP477.00 PAB
40,000 DOP636.00 PAB
50,000 DOP795.00 PAB
100,000 DOP1,590.00 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 Dominican Republic to Panama?

There are many good choices when it comes to sending money from Dominican Republic to Panama. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Dominican Peso to PAB money transfers.

We compare different remittance companies to bring you the best options to send money to Panama from Dominican Republic. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Dominican Peso to Panamanian Balboa money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best exchange rate for your money transfers from Dominican Republic to Panama?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Dominican Republic to Panama transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your DOP to Panamanian Balboa international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Dominican Peso to Panamanian Balboa exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


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

When you want to send money to Panama from Dominican Republic, you obviously want the cheapest possible option to maximize the money your recipient gets in Panamanian Balboa. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your DOP to PAB money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Dominican Republic to Panama. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Dominican Republic to Panama exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Panamanian Balboa overseas.


Should I use my bank to transfer money from Dominican Republic to Panama?

We do not recommend using your local bank in Dominican Republic for your next DOP 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 Dominican Republic 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 Dominican Republic 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 Dominican Republic?

If you need to convert DOP 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 Dominican Republic 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 Dominican Peso 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 Dominican Republic 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 send money from Dominican Republic to Panama?

Dominican Republic to Panama money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Panama as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Dominican Peso to Panamanian Balboa money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to send money to Panama from Dominican Republic

There are many important aspects of Dominican Republic to Panama remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Dominican Republic bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include PAB bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Dominican Peso amount you want to send from Dominican Republic.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Panama to validate that they get the money once the transaction clears.