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base info First Digital USD

First Digital USD to Panamanian Balboa Converter and calculator

Convert 1First Digital USD (FDUSD) to Panamanian Balboa (PAB) equals B/. 0.9997 | 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 First Digital USD currency pair is the FDUSD to PAB, with for First Digital USD's currency code being FDUSD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

FDUSD to PAB conversion rate trend

1D7D1M3M1YAll
In the past 1D, First Digital USD has changed -0.34% to PAB. Based on the trend and price charts, First Digital USD(FDUSD) has changed -0.34% to PAB while Panamanian Balboa(PAB) has changed % to FDUSD in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.0.9997
0.0001% / 0.0004%vip-iconVIP
Binance
B/.1
0.1000% / 0.1000%
Yes
Gate.io
B/.1
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 16:00:24(UTC+0)

What factors influence the conversion rate of First Digital USD to Panamanian Balboa?

First Digital USD to Panamanian Balboa is falling this week.
First Digital USD's current market price is B/. 0.9997 per FDUSD, with a total market cap of B/. 3,955,290,115.52 PAB based on a circulating supply of 3,956,564,000 FDUSD. The trading volume of First Digital USD has changed by +26.50% (B/. 2,560,344,580.26 PAB) in the last 24 hours. Last trading day, FDUSD's trading volume was B/. 9,661,495,369.
Market cap
$3.96B
24h volume
$12.22B
Circulating supply
3.96B FDUSD

Conversion tables

The exchange rate of First Digital USD is increasing.
1 FDUSD is currently valued at B/. 0.9997 PAB , which means buying 5 FDUSD will cost B/. 5 PAB . Similarly, B/.1 PAB can be traded for 1 FDUSD, and B/.50 PAB can be converted to 50.02 FDUSD, excluding any platform or gas fees.
The exchange rate of 1 FDUSD to Panamanian Balboa has changed by -0.08% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.34%, reaching a high of 1 PAB and a low of 0.9984 PAB . One month ago, the value of 1 FDUSD was B/. 0.9983 PAB , which represents a +0.14% change from its current value. Over the last year, First Digital USD has changed by
+B/.
0.9996PAB
, resulting in a change of --% in its value.

FDUSD to PAB

Amount
16:48 today
0.5 FDUSD
B/.0.4998
1 FDUSD
B/.0.9997
5 FDUSD
B/.5
10 FDUSD
B/.10
50 FDUSD
B/.49.98
100 FDUSD
B/.99.97
500 FDUSD
B/.499.84
1000 FDUSD
B/.999.68

PAB to FDUSD

Amount16:48 today
0.5PAB0.5002  FDUSD
1PAB1  FDUSD
5PAB5  FDUSD
10PAB10  FDUSD
50PAB50.02  FDUSD
100PAB100.03  FDUSD
500PAB500.16  FDUSD
1000PAB1,000.32  FDUSD
share

Today vs. 24 hours ago

Amount16:48 today24 hours ago24h change
0.5 FDUSD$0.4998$0.5016
-0.34%
1 FDUSD$0.9997$1
-0.34%
5 FDUSD$5$5.02
-0.34%
10 FDUSD$10$10.03
-0.34%
50 FDUSD$49.98$50.16
-0.34%
100 FDUSD$99.97$100.31
-0.34%
500 FDUSD$499.84$501.57
-0.34%
1000 FDUSD$999.68$1,003.14
-0.34%

Today vs. 1 month ago

Amount16:48 today1 month ago1M change
0.5 FDUSD$0.4998$0.4992
+0.14%
1 FDUSD$0.9997$0.9983
+0.14%
5 FDUSD$5$4.99
+0.14%
10 FDUSD$10$9.98
+0.14%
50 FDUSD$49.98$49.92
+0.14%
100 FDUSD$99.97$99.83
+0.14%
500 FDUSD$499.84$499.16
+0.14%
1000 FDUSD$999.68$998.32
+0.14%

Today vs. 1 year ago

Amount16:48 today1 year ago1Y change
0.5 FDUSD$0.4998$0.{4}1851
--
1 FDUSD$0.9997$0.{4}3701
--
5 FDUSD$5$0.0001851
--
10 FDUSD$10$0.0003701
--
50 FDUSD$49.98$0.001851
--
100 FDUSD$99.97$0.003701
--
500 FDUSD$499.84$0.01851
--
1000 FDUSD$999.68$0.03701
--

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.