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base info Cronos

Cronos to Panamanian Balboa Converter and calculator

Convert 1Cronos (CRO) to Panamanian Balboa (PAB) equals B/. 0.1259 | 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 Cronos currency pair is the CRO to PAB, with for Cronos's currency code being CRO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

CRO to PAB conversion rate trend

1D7D1M3M1YAll
In the past 1D, Cronos has changed -4.10% to PAB. Based on the trend and price charts, Cronos(CRO) has changed -4.10% to PAB while Panamanian Balboa(PAB) has changed % to CRO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.0.1277
0.0001% / 0.0004%vip-iconVIP
Coinbase Exchange
B/.0.1271
0.1000% / 0.1000%
Yes
OKX
B/.0.1272
0.080% / 0.100%
Yes
Gate.io
B/.0.1270
0.1000% / 0.1000%
Yes
KuCoin
B/.0.1268
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 00:00:37(UTC+0)

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

Cronos to Panamanian Balboa is falling this week.
Cronos's current market price is B/. 0.1259 per CRO, with a total market cap of B/. 3,346,640,911.65 PAB based on a circulating supply of 26,571,560,000 CRO. The trading volume of Cronos has changed by +1.13% (B/. 298,520.26 PAB) in the last 24 hours. Last trading day, CRO's trading volume was B/. 26,312,936.14.
Market cap
$3.35B
24h volume
$26.61M
Circulating supply
26.57B CRO

Conversion tables

The exchange rate of Cronos is decreasing.
1 CRO is currently valued at B/. 0.1259 PAB , which means buying 5 CRO will cost B/. 0.6297 PAB . Similarly, B/.1 PAB can be traded for 7.94 CRO, and B/.50 PAB can be converted to 396.99 CRO, excluding any platform or gas fees.
The exchange rate of 1 CRO to Panamanian Balboa has changed by -18.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.10%, reaching a high of 0.1388 PAB and a low of 0.1230 PAB . One month ago, the value of 1 CRO was B/. 0.1342 PAB , which represents a -6.13% change from its current value. Over the last year, Cronos has changed by
+B/.
0.05366PAB
, resulting in a change of +74.29% in its value.

CRO to PAB

Amount
00:34 am today
0.5 CRO
B/.0.06297
1 CRO
B/.0.1259
5 CRO
B/.0.6297
10 CRO
B/.1.26
50 CRO
B/.6.3
100 CRO
B/.12.59
500 CRO
B/.62.97
1000 CRO
B/.125.95

PAB to CRO

Amount00:34 am today
0.5PAB3.97  CRO
1PAB7.94  CRO
5PAB39.7  CRO
10PAB79.4  CRO
50PAB396.99  CRO
100PAB793.98  CRO
500PAB3,969.89  CRO
1000PAB7,939.77  CRO
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Today vs. 24 hours ago

Amount00:34 am today24 hours ago24h change
0.5 CRO$0.06297$0.06566
-4.10%
1 CRO$0.1259$0.1313
-4.10%
5 CRO$0.6297$0.6566
-4.10%
10 CRO$1.26$1.31
-4.10%
50 CRO$6.3$6.57
-4.10%
100 CRO$12.59$13.13
-4.10%
500 CRO$62.97$65.66
-4.10%
1000 CRO$125.95$131.33
-4.10%

Today vs. 1 month ago

Amount00:34 am today1 month ago1M change
0.5 CRO$0.06297$0.06709
-6.13%
1 CRO$0.1259$0.1342
-6.13%
5 CRO$0.6297$0.6709
-6.13%
10 CRO$1.26$1.34
-6.13%
50 CRO$6.3$6.71
-6.13%
100 CRO$12.59$13.42
-6.13%
500 CRO$62.97$67.09
-6.13%
1000 CRO$125.95$134.17
-6.13%

Today vs. 1 year ago

Amount00:34 am today1 year ago1Y change
0.5 CRO$0.06297$0.03614
+74.29%
1 CRO$0.1259$0.07228
+74.29%
5 CRO$0.6297$0.3614
+74.29%
10 CRO$1.26$0.7228
+74.29%
50 CRO$6.3$3.61
+74.29%
100 CRO$12.59$7.23
+74.29%
500 CRO$62.97$36.14
+74.29%
1000 CRO$125.95$72.28
+74.29%

FAQ

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