Compare today's PEN to PAB (Peruvian Nuevo Sol to Panamanian Balboa) exchange rates
Interbank Exchange Rate: 1 PEN = 0.2977 PAB
Updated about an hour ago
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All you need to know about Peruvian Nuevo Sol to Panamanian Balboa money transfers
Easily compare money transfer providers in one place to send money from Peru to Panama. Send money overseas to your loved ones by comparing Peruvian Nuevo Sol (PEN) 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 Peru.
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Latest PEN to PAB Conversion Rates
Here are some latest PEN to PAB (Peruvian Nuevo Sol to Panamanian Balboa) exchange rates for popular conversion amounts*.
| 1 PEN | 0.30 PAB |
| 5 PEN | 1.49 PAB |
| 10 PEN | 2.98 PAB |
| 25 PEN | 7.44 PAB |
| 50 PEN | 14.89 PAB |
| 100 PEN | 29.77 PAB |
| 150 PEN | 44.66 PAB |
| 200 PEN | 59.54 PAB |
| 250 PEN | 74.43 PAB |
| 300 PEN | 89.31 PAB |
| 400 PEN | 119.08 PAB |
| 500 PEN | 148.85 PAB |
| 600 PEN | 178.62 PAB |
| 700 PEN | 208.39 PAB |
| 800 PEN | 238.16 PAB |
| 1,000 PEN | 297.70 PAB |
| 1,500 PEN | 446.55 PAB |
| 2,000 PEN | 595.40 PAB |
| 2,500 PEN | 744.25 PAB |
| 3,000 PEN | 893.10 PAB |
| 4,000 PEN | 1,190.80 PAB |
| 5,000 PEN | 1,488.50 PAB |
| 10,000 PEN | 2,977.00 PAB |
| 15,000 PEN | 4,465.50 PAB |
| 20,000 PEN | 5,954.00 PAB |
| 30,000 PEN | 8,931.00 PAB |
| 40,000 PEN | 11,908.00 PAB |
| 50,000 PEN | 14,885.00 PAB |
| 100,000 PEN | 29,770.00 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 to Panama from Peru?
It can be very confusing when sending money from Peru to Panama given so many choices. Additionally, Peruvian Nuevo Sol to PAB exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.Choose Peru to Panama as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Panama from Peru. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.
To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Peruvian Nuevo Sol to Panamanian Balboa remittances.
How to get the best rate to transfer money to Panama from Peru?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Panama from Peru. 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 PEN 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 Peru 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 from Peru to Panama?
One of the most important things to watch out for is hidden fees when sending money to Panama from Peru. 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 PEN 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 Peru.
Should I use my bank to send money from Peru to Panama?
There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low PEN to PAB exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Peru to Panama money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.
Most of the remittance companies today offer bank to bank transfers for sending money to Panama from Peru. They do this by letting you fund your transaction through your local bank account in Peru, and by allowing you to choose the payout to be your recipient's bank account in Panama. But, you are likely to get much better rates and lower fees compared to your bank.
How to send money from Peru to Panama fast?
The first thing to do when you need to convert PEN to PAB quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.The harder part might be how to identify which providers can execute fast funds transfers between Peruvian Nuevo Sol and Panamanian Balboa. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.
To help demystify the unknowns in the end to end Peru to Panama remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Panama.
Which are the best money transfer companies to transfer money from Peru to Panama?
Since the Peruvian Nuevo Sol 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 Peru 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 PEN 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 Peru to Panama transaction.
Step by step guide to send money to Panama from Peru
Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Peru to Panama, then please continue to read.One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Peru to Panama that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.
Once you identify your provider of choice, follow the below step by step guide to send money.
- Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
- Provide information about the receiver - name, address and a bank account in Panama where they can receive monies in Panamanian Balboa.
- Then, provide details of your Peru bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
- Finally, select the amount you want to transfer, and click Send.
- The provider will start your transaction, and keep you updated on the progress of your transfer.