The value of a Panamanian balboa is equal to that of a U.S. dollar. This is because Panama has a fixed exchange rate with the United States, where their currency is fully dollarized. The U.S. dollar is the official currency of Panama, and the Panamanian balboa exists only in coin form, with the same value as the U.S. dollar. Therefore, 1 Panamanian balboa is always equivalent in value to 1 U.S. dollar.
