savings to PAB Converter and calculator


Conversion rates
Convert savings to PAB
Convert PAB to savings
savings to PAB chart
savings to PAB conversion data: Volatility and price changes of your new savings in PAB
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.{4}5024 PAB | -- PAB | -- PAB | -- PAB |
Low | 0.{4}4457 PAB | -- PAB | -- PAB | -- PAB |
Average | 0 PAB | 0 PAB | 0 PAB | 0 PAB |
Volatility | % | % | % | % |
Change | -0.34% | -- | -- | -- |
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Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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your new savings information
savings to PAB market statistics
Current savings to PAB exchange rate
your new savings to Panamanian Balboa is falling this week.More info about your new savings on Bitget
Panamanian Balboa information
About Panamanian Balboa (PAB)
The Panamanian Balboa (PAB), introduced in 1904, stands as a unique symbol of Panama's economic history and its close ties with the global economy. It is commonly abbreviated as PAB and represented by the symbol B/. Named after the Spanish explorer Vasco Núñez de Balboa, the currency reflects Panama's strategic role as a global trade hub and its historical linkages with the United States.
Historical Background
The adoption of the Balboa marked a significant chapter in Panama’s financial history, coinciding with the country's independence from Colombia and the beginning of the Panama Canal construction. The Balboa was pegged to the US Dollar at par from its inception, reflecting the economic and political relationship between Panama and the United States, a connection that has remained pivotal to Panama’s monetary policy.
Design and Symbolism
The design of the Panamanian Balboa features iconic national symbols, historical figures, and landmarks that narrate Panama’s rich cultural heritage. Coins bear the image of Vasco Núñez de Balboa, honoring the explorer who influenced Panama's early history. These designs are more than just transactional tools; they resonate with national pride and historical awareness.
Economic Role
As Panama does not issue its own paper currency and uses the US Dollar for all paper money transactions, the Balboa exists primarily in coinage. This unique monetary system underpins Panama's service-based economy, which includes finance, tourism, and the famous Panama Canal. The Balboa’s stability, thanks to its peg to the US Dollar, is crucial for the country’s financial system and economic activities.
Monetary Policy and Stability
The monetary arrangement of using the US Dollar alongside the Balboa coins ensures economic stability, but it also means Panama does not have its own independent monetary policy. This system provides stability and confidence, attracting foreign investment, particularly in the banking and service sectors.
International Trade and the Panamanian Balboa
Given Panama's strategic location and the significance of the Panama Canal, the stability of the Balboa (and its parity with the US Dollar) is crucial in international trade. This stability facilitates the country’s role as a global logistics and trade hub.
Remittances and Economic Impact
Remittances play a significant role in Panama’s economy, with inflows from Panamanians working abroad, especially in the United States. These remittances, converted into Balboas and Dollars, support household incomes and contribute to economic stability.
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savings to PAB Conversion tables
Amount | 16:02 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 savings | B/.0.{4}2512 | B/.-- | -0.34% |
1 savings | B/.0.{4}5024 | B/.-- | -0.34% |
5 savings | B/.0.0002512 | B/.-- | -0.34% |
10 savings | B/.0.0005024 | B/.-- | -0.34% |
50 savings | B/.0.002512 | B/.-- | -0.34% |
100 savings | B/.0.005024 | B/.-- | -0.34% |
500 savings | B/.0.02512 | B/.-- | -0.34% |
1000 savings | B/.0.05024 | B/.-- | -0.34% |
savings to PAB FAQ
What factors influence the conversion rate of savings to PAB?
Popular exchange rates — Crypto-to-Fiat converter
The price of your new savings in the US is $0.{4}5024 USD. Additionally, your new savings’s price is €0.{4}4280 EUR in the eurozone, £0.{4}3705 GBP in the UK, C$0.{4}6964 CAD in Canada, ₹0.004439 INR in India, ₨0.01426 PKR in Pakistan, R$0.0002711 BRL in Brazil, and more.
The most popular your new savings currency pair is the savings to Panamanian Balboa(PAB). The price of 1 your new savings (savings) in Panamanian Balboa (PAB) is B/.0.{4}5024.
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