What Is The Exchange Rate From US Dollar To Panama Monies?
The country Panama makes use of the U.S dollar as its currency. The official currency however, is called Balboa. The value of Balboa is determined by the U.S currency and its fluctuations. Thus, the dollar has provided the country with monetary stability. The exchange rate from U.S dollar to Balboas is standard and fixed. One Balboa equals one U.S dollar. Thus, dollar is the most widely accepted currency in Panama. Due to this factor, the economic situation of the country is totally dependent on the American economy. Due to this same reason, it is the third largest economy of the Americas.
