Panama City Temperature Market Guide

MPMG • Marcos A. Gelabert International Airport

Polymarket

Panama City, the capital of Panama, offers a tropical climate trading environment at the crossroads of the Americas. Located near the equator on the Pacific coast, the city experiences hot, humid conditions year-round with distinct wet and dry seasons.

Quick Facts

Station Code	`MPMG`
Location	Panama City, Panama
Coordinates	8.9734°N, 79.5556°W
Elevation	31 ft (9 m)
Timezone	EST (America/Panama)
NWS Office	ETESA Panama

About MPMG Weather Station

Marcos A. Gelabert International Airport (MPMG), also known as Albrook Airport, serves as a weather observation station for Panama City. Located within the city on the former Albrook Air Force Station, the airport sits at just 31 feet (9 meters) elevation.

Panama's position at the narrowest point of Central America exposes it to both Pacific and Caribbean influences. ETESA (Panama's electricity company) maintains meteorological observations.

Climate Patterns

Panama City has a tropical savanna climate (Koppen: Aw) with a pronounced dry season and a lengthy wet season. Temperatures remain consistently warm year-round due to the equatorial location.

Daily highs typically reach 31-33�C (88-91�F) throughout the year. Nights are warm, usually 24-26�C (75-79�F).

The dry season (December-April) brings sunny skies, while the wet season (May-November) features daily afternoon thunderstorms.

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Seasonal Trading Considerations

Dry Season (December - April): Sunny and warm with highs 32-34�C (90-93�F). Trade winds provide some relief. Peak tourist season.

Transition (May): Increasing afternoon showers as wet season begins.

Wet Season (June - November): Daily afternoon thunderstorms with highs 30-32�C (86-90�F). Mornings often sunny. Brief dry spell in September-October (Veranillo).

Transition (December): Decreasing rainfall as dry season approaches.

Trading Tips for Panama City

Panama City's tropical location creates stable temperatures year-round - daily highs rarely deviate more than 3�C between seasons.

The wet season can slightly suppress maximum temperatures due to afternoon cloud cover and rain.

The Veranillo (little summer) in September-October brings a brief dry spell within the wet season.

Trade winds during the dry season can provide cooling but don't significantly affect maximum temperatures.

Data Release Schedule

Typical release times for key data products at MPMG. Times shown in UTC.

Data Type	Typical Time (UTC)	Variability
METAR Hourly observations	Hourly at :53	±1 min

6-Hour High/Low Reports

These METARs include 6-hour maximum and minimum temperatures, useful for tracking intraday temperature trends.

00:53 UTC

06:53 UTC

12:53 UTC

18:53 UTC

Note: Times are approximate and may vary. CLI reports are the official resolution source for temperature markets. See NWS Data Guide for more information.

Forecasting Challenges

Narrow Temperature Range: Minimal annual variation makes small differences significant for trading.

Afternoon Convection: Wet season thunderstorm timing affects daily maximum temperatures.

Urban Heat Island: Temperature differences between the airport and dense urban areas of Panama City.