Compare today's PAB to JMD (Panamanian Balboa to Jamaican Dollar) exchange rates
Interbank Exchange Rate: 1 PAB = 156.7307 JMD
Updated about an hour ago
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All you need to know about Panamanian Balboa to Jamaican Dollar money transfers
Easily compare money transfer providers in one place to send money from Panama to Jamaica. Send money overseas to your loved ones by comparing Panamanian Balboa (PAB) to Jamaican Dollar (JMD) 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 Panama.
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Latest PAB to JMD Conversion Rates
Here are some latest PAB to JMD (Panamanian Balboa to Jamaican Dollar) exchange rates for popular conversion amounts*.
| 1 PAB | 156.73 JMD |
| 5 PAB | 783.65 JMD |
| 10 PAB | 1,567.31 JMD |
| 25 PAB | 3,918.27 JMD |
| 50 PAB | 7,836.54 JMD |
| 100 PAB | 15,673.07 JMD |
| 150 PAB | 23,509.61 JMD |
| 200 PAB | 31,346.14 JMD |
| 250 PAB | 39,182.68 JMD |
| 300 PAB | 47,019.21 JMD |
| 400 PAB | 62,692.28 JMD |
| 500 PAB | 78,365.35 JMD |
| 600 PAB | 94,038.42 JMD |
| 700 PAB | 109,711.49 JMD |
| 800 PAB | 125,384.56 JMD |
| 1,000 PAB | 156,730.70 JMD |
| 1,500 PAB | 235,096.05 JMD |
| 2,000 PAB | 313,461.40 JMD |
| 2,500 PAB | 391,826.75 JMD |
| 3,000 PAB | 470,192.10 JMD |
| 4,000 PAB | 626,922.80 JMD |
| 5,000 PAB | 783,653.50 JMD |
| 10,000 PAB | 1,567,307.00 JMD |
| 15,000 PAB | 2,350,960.50 JMD |
| 20,000 PAB | 3,134,614.00 JMD |
| 30,000 PAB | 4,701,921.00 JMD |
| 40,000 PAB | 6,269,228.00 JMD |
| 50,000 PAB | 7,836,535.00 JMD |
| 100,000 PAB | 15,673,070.00 JMD |
*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 Panama to Jamaica?
There are many good choices when it comes to sending money from Panama to Jamaica. 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 Panamanian Balboa to JMD money transfers.We compare different remittance companies to bring you the best options to send money to Jamaica from Panama. 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 Panamanian Balboa to Jamaican Dollar money transfers. You can take advantage of these deals and make the most of your hard earned money.
How to get the best remit rate for transferring money from Panama to Jamaica?
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 Jamaica.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Panama to Jamaica 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 PAB to Jamaican Dollar 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 to Jamaica from Panama?
The final amount your recipient gets when you send PAB to JMD 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 Panama to Jamaica 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 Jamaican Dollar 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 Panamanian Balboa to Jamaica 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 transfer money from Panama to Jamaica?
One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Panama to Jamaica money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like PAB to JMD transfers.
Given this, there are umpteen additional options to send money to Jamaica instead of just your Panama bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Panamanian Balboa even more so that your recipient in Jamaica gets the maximum amount.
How to send money to Jamaica from Panama fast?
It could be a stressful experience if you need to rush money quickly from Panama to Jamaica. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?First, you should ensure that you are picking the right payment method to convert PAB to JMD. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.
Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Jamaican Dollar. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.
Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Panama to Jamaica money transfers.
Which are the best money transfer companies to send money from Panama to Jamaica?
The first step in selecting the best money transfer operators for Panama to Jamaica 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 Panamanian Balboa to Jamaican Dollar 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 Jamaica.
Step by step guide to transfer money to Jamaica from Panama
Follow the below easy steps to send money to Jamaica from Panama.- 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 Panama bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Jamaica).
- 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.