Today, 1.00 (one) Balboa is worth 140.85 Iceland Krona, ie, B/.1.00 = kr140.85. That's because the current exchange rate, to ISK, is 140.85. So, to make Balboa to Iceland Krona conversion, you just need to multiply the amount in PAB by 140.85.
Learn how to get the best Balboa exchange rate before exchanging your money
The Balboa is the official Balboa currency. PAB/ISK represents the value of Balboa money in Iceland Krona money and it is called the 'exchange rate' or 'forex rate'. This exchange rate from Balboa to Iceland Krona is today at 140.855.
As an example, suppose you are from Reykjavik Iceland and you travel to Panama City Panama. There, you need to get 1000 Balboas ( B/.) at a Panama City bank to pay your hotel. In this case you would pay 140.855 * 1000 = 140,854.713 Iceland Kronas (kr). But, in practice, you will pay more (or perhaps much more) to get the same amount of your foreign currency due to the margin for the money conversion services costs like: commissions, credit card surcharges, ATM fees and other expenses. If, for example, you are using a credit card, this margin will typically be around 2 to 3 percent. We recommend that you choose the best place to make your money exchange because there can be a large difference between forex rates you will get.
In the example above for a 1000 Balboas amount, the result of the money conversion is 143,671.807 ISK for a 2% margin or 145,080.354 ISK for a 3% margin.
Some Internet based foreign currency exchange agencies add 10 percent or even more. So, if you make the same calculations above, there will be a difference of about 14,085.471 ISK depending on which forex bank or agency you choose to exchange your money. So, that's why we advise you to seek the best place to get the best fx rates for your upcoming money transfer/exchange. The only way to know what is the best exchange rate is to know what the current rate is. You can easily accomplish this by using periodically our currency converter above to get an idea of what forex rate to expect.
Note: If you use our currency converter, you only need to choose the amount of margin in its drop-down list and have an estimate of how much you will pay to get the desired amount.
By the way: there are some notations for this currency pair like PAB-ISK or PABISK among others. The currency symbol for Balboa is (B/.) while the currency symbol for Iceland Krona is (kr). Note also that the Panama country code is PAN or PA. The Iceland country code is ISL or IS
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