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Bitcoin Cash to Panamanian Balboa Converter and calculator

Convert 1Bitcoin Cash (BCH) to Panamanian Balboa (PAB) equals B/. 507.99 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Bitcoin Cash(BCH) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 BCH at a value of 1 BCH for 507.99 PAB . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Bitcoin Cash currency pair is the BCH to PAB, with for Bitcoin Cash's currency code being BCH. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

BCH to PAB conversion rate trend

1D7D1M3M1YAll
In the past 1D, Bitcoin Cash has changed -0.50% to PAB. Based on the trend and price charts, Bitcoin Cash(BCH) has changed -0.50% to PAB while Panamanian Balboa(PAB) has changed % to BCH in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.510.54
0.0001% / 0.0004%vip-iconVIP
Binance
B/.510.3
0.1000% / 0.1000%
Yes
Kraken
B/.510.28
0.1000% / 0.1000%
Yes
OKX
B/.509.5
0.080% / 0.100%
Yes
Huobi
B/.510.22
0.1000% / 0.1000%
Yes
Gate.io
B/.510.12
0.1000% / 0.1000%
Yes
Bybit
B/.510.2
0.1000% / 0.1000%
Yes
KuCoin
B/.510.22
0.1000% / 0.1000%
Yes
Last updated 2024/04/23 07:00:31(UTC+0)

What factors influence the conversion rate of Bitcoin Cash to Panamanian Balboa?

Bitcoin Cash to Panamanian Balboa is rising this week.
Bitcoin Cash's current market price is B/. 507.99 per BCH, with a total market cap of B/. 10,005,190,830.12 PAB based on a circulating supply of 19,695,646 BCH. The trading volume of Bitcoin Cash has changed by -4.87% (B/. -16,666,491.57 PAB) in the last 24 hours. Last trading day, BCH's trading volume was B/. 342,143,446.6.
Market cap
$10.01B
24h volume
$325.48M
Circulating supply
19.70M BCH

Conversion tables

The exchange rate of Bitcoin Cash is increasing.
1 BCH is currently valued at B/. 507.99 PAB , which means buying 5 BCH will cost B/. 2,539.95 PAB . Similarly, B/.1 PAB can be traded for 0.001969 BCH, and B/.50 PAB can be converted to 0.09843 BCH, excluding any platform or gas fees.
The exchange rate of 1 BCH to Panamanian Balboa has changed by +3.32% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.50%, reaching a high of 528.06 PAB and a low of 505.09 PAB . One month ago, the value of 1 BCH was B/. 447.55 PAB , which represents a +13.50% change from its current value. Over the last year, Bitcoin Cash has changed by
+B/.
88.48PAB
, resulting in a change of +324.41% in its value.

BCH to PAB

Amount
07:48 am today
0.5 BCH
B/.253.99
1 BCH
B/.507.99
5 BCH
B/.2,539.95
10 BCH
B/.5,079.9
50 BCH
B/.25,399.5
100 BCH
B/.50,799
500 BCH
B/.253,994.98
1000 BCH
B/.507,989.96

PAB to BCH

Amount07:48 am today
0.5PAB0.0009843  BCH
1PAB0.001969  BCH
5PAB0.009843  BCH
10PAB0.01969  BCH
50PAB0.09843  BCH
100PAB0.1969  BCH
500PAB0.9843  BCH
1000PAB1.97  BCH
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Today vs. 24 hours ago

Amount07:48 am today24 hours ago24h change
0.5 BCH$253.99$255.27
-0.50%
1 BCH$507.99$510.53
-0.50%
5 BCH$2,539.95$2,552.67
-0.50%
10 BCH$5,079.9$5,105.34
-0.50%
50 BCH$25,399.5$25,526.72
-0.50%
100 BCH$50,799$51,053.43
-0.50%
500 BCH$253,994.98$255,267.17
-0.50%
1000 BCH$507,989.96$510,534.33
-0.50%

Today vs. 1 month ago

Amount07:48 am today1 month ago1M change
0.5 BCH$253.99$223.78
+13.50%
1 BCH$507.99$447.55
+13.50%
5 BCH$2,539.95$2,237.77
+13.50%
10 BCH$5,079.9$4,475.54
+13.50%
50 BCH$25,399.5$22,377.7
+13.50%
100 BCH$50,799$44,755.4
+13.50%
500 BCH$253,994.98$223,777
+13.50%
1000 BCH$507,989.96$447,554
+13.50%

Today vs. 1 year ago

Amount07:48 am today1 year ago1Y change
0.5 BCH$253.99$59.76
+324.41%
1 BCH$507.99$119.51
+324.41%
5 BCH$2,539.95$597.56
+324.41%
10 BCH$5,079.9$1,195.12
+324.41%
50 BCH$25,399.5$5,975.62
+324.41%
100 BCH$50,799$11,951.25
+324.41%
500 BCH$253,994.98$59,756.24
+324.41%
1000 BCH$507,989.96$119,512.48
+324.41%

FAQ

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