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Avalanche to Panamanian Balboa Converter and calculator

Convert 1Avalanche (AVAX) to Panamanian Balboa (PAB) equals B/. 35.2 | Bitget

PAB 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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Bitget crypto-to-fiat exchange data shows that the most popular Avalanche currency pair is the AVAX to PAB, with for Avalanche's currency code being AVAX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

AVAX to PAB conversion rate trend

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In the past 1D, Avalanche has changed -1.16% to PAB. Based on the trend and price charts, Avalanche(AVAX) has changed -1.16% to PAB while Panamanian Balboa(PAB) has changed % to AVAX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.35.35
0.0001% / 0.0004%vip-iconVIP
Binance
B/.35.41
0.1000% / 0.1000%
Yes
Coinbase Exchange
B/.35.39
0.1000% / 0.1000%
Yes
Kraken
B/.35.35
0.1000% / 0.1000%
Yes
OKX
B/.35.42
0.080% / 0.100%
Yes
Huobi
B/.35.41
0.1000% / 0.1000%
Yes
Gate.io
B/.35.4
0.1000% / 0.1000%
Yes
Bybit
B/.35.35
0.1000% / 0.1000%
Yes
KuCoin
B/.35.4
0.1000% / 0.1000%
Yes
Bitfinex
B/.35.41
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 20:00:29(UTC+0)

What factors influence the conversion rate of Avalanche to Panamanian Balboa?

Avalanche to Panamanian Balboa is falling this week.
Avalanche's current market price is B/. 35.2 per AVAX, with a total market cap of B/. 13,304,372,725.12 PAB based on a circulating supply of 377,914,100 AVAX. The trading volume of Avalanche has changed by -33.83% (B/. -507,942,783.87 PAB) in the last 24 hours. Last trading day, AVAX's trading volume was B/. 1,501,248,079.25.
Market cap
$13.30B
24h volume
$993.31M
Circulating supply
377.91M AVAX

Conversion tables

The exchange rate of Avalanche is decreasing.
1 AVAX is currently valued at B/. 35.2 PAB , which means buying 5 AVAX will cost B/. 176.02 PAB . Similarly, B/.1 PAB can be traded for 0.02841 AVAX, and B/.50 PAB can be converted to 1.42 AVAX, excluding any platform or gas fees.
The exchange rate of 1 AVAX to Panamanian Balboa has changed by -29.42% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.16%, reaching a high of 38.53 PAB and a low of 34.29 PAB . One month ago, the value of 1 AVAX was B/. 53.59 PAB , which represents a -34.32% change from its current value. Over the last year, Avalanche has changed by
+B/.
5.79PAB
, resulting in a change of +81.35% in its value.

AVAX to PAB

Amount
20:35 today
0.5 AVAX
B/.17.6
1 AVAX
B/.35.2
5 AVAX
B/.176.02
10 AVAX
B/.352.05
50 AVAX
B/.1,760.24
100 AVAX
B/.3,520.48
500 AVAX
B/.17,602.38
1000 AVAX
B/.35,204.75

PAB to AVAX

Amount20:35 today
0.5PAB0.01420  AVAX
1PAB0.02841  AVAX
5PAB0.1420  AVAX
10PAB0.2841  AVAX
50PAB1.42  AVAX
100PAB2.84  AVAX
500PAB14.2  AVAX
1000PAB28.41  AVAX
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Today vs. 24 hours ago

Amount20:35 today24 hours ago24h change
0.5 AVAX$17.6$17.81
-1.16%
1 AVAX$35.2$35.62
-1.16%
5 AVAX$176.02$178.09
-1.16%
10 AVAX$352.05$356.18
-1.16%
50 AVAX$1,760.24$1,780.88
-1.16%
100 AVAX$3,520.48$3,561.75
-1.16%
500 AVAX$17,602.38$17,808.76
-1.16%
1000 AVAX$35,204.75$35,617.53
-1.16%

Today vs. 1 month ago

Amount20:35 today1 month ago1M change
0.5 AVAX$17.6$26.8
-34.32%
1 AVAX$35.2$53.59
-34.32%
5 AVAX$176.02$267.96
-34.32%
10 AVAX$352.05$535.93
-34.32%
50 AVAX$1,760.24$2,679.65
-34.32%
100 AVAX$3,520.48$5,359.29
-34.32%
500 AVAX$17,602.38$26,796.47
-34.32%
1000 AVAX$35,204.75$53,592.93
-34.32%

Today vs. 1 year ago

Amount20:35 today1 year ago1Y change
0.5 AVAX$17.6$9.71
+81.35%
1 AVAX$35.2$19.42
+81.35%
5 AVAX$176.02$97.09
+81.35%
10 AVAX$352.05$194.18
+81.35%
50 AVAX$1,760.24$970.89
+81.35%
100 AVAX$3,520.48$1,941.77
+81.35%
500 AVAX$17,602.38$9,708.87
+81.35%
1000 AVAX$35,204.75$19,417.74
+81.35%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.