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BNB to Panamanian Balboa Converter and calculator

Convert 1BNB (BNB) to Panamanian Balboa (PAB) equals B/. 534.13 | 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 BNB currency pair is the BNB to PAB, with for BNB's currency code being BNB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

BNB to PAB conversion rate trend

1D7D1M3M1YAll
In the past 1D, BNB has changed -7.50% to PAB. Based on the trend and price charts, BNB(BNB) has changed -7.50% to PAB while Panamanian Balboa(PAB) has changed % to BNB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.540.7
0.0001% / 0.0004%vip-iconVIP
Binance
B/.540.5
0.1000% / 0.1000%
Yes
OKX
B/.540.5
0.080% / 0.100%
Yes
Huobi
B/.540.39
0.1000% / 0.1000%
Yes
Gate.io
B/.540.4
0.1000% / 0.1000%
Yes
Bybit
B/.540.64
0.1000% / 0.1000%
Yes
KuCoin
B/.540.25
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 13:00:25(UTC+0)

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

BNB to Panamanian Balboa is falling this week.
BNB's current market price is B/. 534.13 per BNB, with a total market cap of B/. 79,870,055,426.44 PAB based on a circulating supply of 149,533,900 BNB. The trading volume of BNB has changed by -0.02% (B/. -234,309.32 PAB) in the last 24 hours. Last trading day, BNB's trading volume was B/. 1,501,982,841.59.
Market cap
$79.87B
24h volume
$1.50B
Circulating supply
149.53M BNB

Conversion tables

The exchange rate of BNB is decreasing.
1 BNB is currently valued at B/. 534.13 PAB , which means buying 5 BNB will cost B/. 2,670.63 PAB . Similarly, B/.1 PAB can be traded for 0.001872 BNB, and B/.50 PAB can be converted to 0.09361 BNB, excluding any platform or gas fees.
The exchange rate of 1 BNB to Panamanian Balboa has changed by -8.27% in the last 7 days. In the last 24 hours, the rate has fluctuated by -7.50%, reaching a high of 572.77 PAB and a low of 533.94 PAB . One month ago, the value of 1 BNB was B/. 569.25 PAB , which represents a -6.17% change from its current value. Over the last year, BNB has changed by
+B/.
92.71PAB
, resulting in a change of +56.41% in its value.

BNB to PAB

Amount
13:52 today
0.5 BNB
B/.267.06
1 BNB
B/.534.13
5 BNB
B/.2,670.63
10 BNB
B/.5,341.27
50 BNB
B/.26,706.34
100 BNB
B/.53,412.67
500 BNB
B/.267,063.35
1000 BNB
B/.534,126.7

PAB to BNB

Amount13:52 today
0.5PAB0.0009361  BNB
1PAB0.001872  BNB
5PAB0.009361  BNB
10PAB0.01872  BNB
50PAB0.09361  BNB
100PAB0.1872  BNB
500PAB0.9361  BNB
1000PAB1.87  BNB
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Today vs. 24 hours ago

Amount13:52 today24 hours ago24h change
0.5 BNB$267.06$288.72
-7.50%
1 BNB$534.13$577.45
-7.50%
5 BNB$2,670.63$2,887.23
-7.50%
10 BNB$5,341.27$5,774.45
-7.50%
50 BNB$26,706.34$28,872.26
-7.50%
100 BNB$53,412.67$57,744.53
-7.50%
500 BNB$267,063.35$288,722.63
-7.50%
1000 BNB$534,126.7$577,445.25
-7.50%

Today vs. 1 month ago

Amount13:52 today1 month ago1M change
0.5 BNB$267.06$284.63
-6.17%
1 BNB$534.13$569.25
-6.17%
5 BNB$2,670.63$2,846.26
-6.17%
10 BNB$5,341.27$5,692.53
-6.17%
50 BNB$26,706.34$28,462.63
-6.17%
100 BNB$53,412.67$56,925.26
-6.17%
500 BNB$267,063.35$284,626.28
-6.17%
1000 BNB$534,126.7$569,252.56
-6.17%

Today vs. 1 year ago

Amount13:52 today1 year ago1Y change
0.5 BNB$267.06$170.71
+56.41%
1 BNB$534.13$341.42
+56.41%
5 BNB$2,670.63$1,707.09
+56.41%
10 BNB$5,341.27$3,414.18
+56.41%
50 BNB$26,706.34$17,070.88
+56.41%
100 BNB$53,412.67$34,141.76
+56.41%
500 BNB$267,063.35$170,708.81
+56.41%
1000 BNB$534,126.7$341,417.63
+56.41%

FAQ

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