Compare today's ILS to PAB (Israeli New Sheqel to Panamanian Balboa) exchange rates
Interbank Exchange Rate: 1 ILS = 0.3245 PAB
Updated about 1 hours ago
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All you need to know about Israeli New Sheqel to Panamanian Balboa money transfers
Easily compare money transfer providers in one place to send money from Israel to Panama. Send money overseas to your loved ones by comparing Israeli New Sheqel (ILS) 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.
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Latest ILS to PAB Conversion Rates
Here are some latest ILS to PAB (Israeli New Sheqel to Panamanian Balboa) exchange rates for popular conversion amounts*.
| 1 ILS | 0.32 PAB |
| 5 ILS | 1.62 PAB |
| 10 ILS | 3.25 PAB |
| 25 ILS | 8.11 PAB |
| 50 ILS | 16.23 PAB |
| 100 ILS | 32.45 PAB |
| 150 ILS | 48.68 PAB |
| 200 ILS | 64.90 PAB |
| 250 ILS | 81.13 PAB |
| 300 ILS | 97.35 PAB |
| 400 ILS | 129.80 PAB |
| 500 ILS | 162.25 PAB |
| 600 ILS | 194.70 PAB |
| 700 ILS | 227.15 PAB |
| 800 ILS | 259.60 PAB |
| 1,000 ILS | 324.50 PAB |
| 1,500 ILS | 486.75 PAB |
| 2,000 ILS | 649.00 PAB |
| 2,500 ILS | 811.25 PAB |
| 3,000 ILS | 973.50 PAB |
| 4,000 ILS | 1,298.00 PAB |
| 5,000 ILS | 1,622.50 PAB |
| 10,000 ILS | 3,245.00 PAB |
| 15,000 ILS | 4,867.50 PAB |
| 20,000 ILS | 6,490.00 PAB |
| 30,000 ILS | 9,735.00 PAB |
| 40,000 ILS | 12,980.00 PAB |
| 50,000 ILS | 16,225.00 PAB |
| 100,000 ILS | 32,450.00 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 Israel to Panama?
With the global remittance market booming, there are so many choices for Israeli New Sheqel to PAB money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Panama from Israel. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.
We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final PAB amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.
How to get the best rate to transfer money to Panama from Israel?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Panama from Israel. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.One way you could eliminate the manual work to search and compare providers for your ILS to Panamanian Balboa money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.
We are also constantly adding new partners for the Israel to Panama corridor to give you more good choices for your next PAB money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to send money to Panama from Israel?
One of the most important things to watch out for is hidden fees when sending money to Panama from Israel. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Panama using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Panamanian Balboa foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best ILS to Panama exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.
Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Panama from Israel.
Should I use my bank to transfer money from Israel to Panama?
Bank transfers have been a traditionally popular way to send money overseas from Israel to Panama. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the ILS to PAB exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.
We, therefore, recommend that before you use your Israel bank for your Panama money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.
How to send money to Panama from Israel fast?
If you need to convert ILS 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 Israel 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 Israeli New Sheqel 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 Israel 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 Israel to Panama?
Since the Israeli New Sheqel to Panamanian Balboa money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Israel that may also be able to send money to Panama. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.
To further decrease the cost of your ILS to PAB money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Panama gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Israel to Panama transaction.
Step by step guide to transfer money to Panama from Israel
Follow the below easy steps to send money to Panama from Israel.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Israel bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Panama).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.