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Internet Computer to Panamanian Balboa Converter and calculator

Convert 1Internet Computer (ICP) to Panamanian Balboa (PAB) equals B/. 15.44 | 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 Internet Computer(ICP) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 ICP at a value of 1 ICP for 15.44 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 Internet Computer currency pair is the ICP to PAB, with for Internet Computer's currency code being ICP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

ICP to PAB conversion rate trend

1D7D1M3M1YAll
In the past 1D, Internet Computer has changed +15.27% to PAB. Based on the trend and price charts, Internet Computer(ICP) has changed +15.27% to PAB while Panamanian Balboa(PAB) has changed % to ICP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.15.08
0.0001% / 0.0004%vip-iconVIP
Binance
B/.15.2
0.1000% / 0.1000%
Yes
Coinbase Exchange
B/.15.19
0.1000% / 0.1000%
Yes
OKX
B/.15.19
0.080% / 0.100%
Yes
Huobi
B/.15.2
0.1000% / 0.1000%
Yes
Gate.io
B/.15.19
0.1000% / 0.1000%
Yes
Bybit
B/.15.18
0.1000% / 0.1000%
Yes
KuCoin
B/.15.2
0.1000% / 0.1000%
Yes
Bitfinex
B/.15
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 16:00:35(UTC+0)

What factors influence the conversion rate of Internet Computer to Panamanian Balboa?

Internet Computer to Panamanian Balboa is rising this week.
Internet Computer's current market price is B/. 15.44 per ICP, with a total market cap of B/. 7,149,285,222.8 PAB based on a circulating supply of 462,893,800 ICP. The trading volume of Internet Computer has changed by +12.67% (B/. 23,916,956.43 PAB) in the last 24 hours. Last trading day, ICP's trading volume was B/. 188,752,013.88.
Market cap
$7.15B
24h volume
$212.67M
Circulating supply
462.89M ICP

Conversion tables

The exchange rate of Internet Computer is increasing.
1 ICP is currently valued at B/. 15.44 PAB , which means buying 5 ICP will cost B/. 77.22 PAB . Similarly, B/.1 PAB can be traded for 0.06475 ICP, and B/.50 PAB can be converted to 3.24 ICP, excluding any platform or gas fees.
The exchange rate of 1 ICP to Panamanian Balboa has changed by +17.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by +15.27%, reaching a high of 15.44 PAB and a low of 13.47 PAB . One month ago, the value of 1 ICP was B/. 12.39 PAB , which represents a +24.64% change from its current value. Over the last year, Internet Computer has changed by
+B/.
0.7730PAB
, resulting in a change of +171.39% in its value.

ICP to PAB

Amount
16:30 today
0.5 ICP
B/.7.72
1 ICP
B/.15.44
5 ICP
B/.77.22
10 ICP
B/.154.45
50 ICP
B/.772.24
100 ICP
B/.1,544.48
500 ICP
B/.7,722.38
1000 ICP
B/.15,444.76

PAB to ICP

Amount16:30 today
0.5PAB0.03237  ICP
1PAB0.06475  ICP
5PAB0.3237  ICP
10PAB0.6475  ICP
50PAB3.24  ICP
100PAB6.47  ICP
500PAB32.37  ICP
1000PAB64.75  ICP
share

Today vs. 24 hours ago

Amount16:30 today24 hours ago24h change
0.5 ICP$7.72$6.7
+15.27%
1 ICP$15.44$13.39
+15.27%
5 ICP$77.22$66.97
+15.27%
10 ICP$154.45$133.94
+15.27%
50 ICP$772.24$669.71
+15.27%
100 ICP$1,544.48$1,339.43
+15.27%
500 ICP$7,722.38$6,697.14
+15.27%
1000 ICP$15,444.76$13,394.28
+15.27%

Today vs. 1 month ago

Amount16:30 today1 month ago1M change
0.5 ICP$7.72$6.19
+24.64%
1 ICP$15.44$12.39
+24.64%
5 ICP$77.22$61.93
+24.64%
10 ICP$154.45$123.85
+24.64%
50 ICP$772.24$619.27
+24.64%
100 ICP$1,544.48$1,238.53
+24.64%
500 ICP$7,722.38$6,192.67
+24.64%
1000 ICP$15,444.76$12,385.34
+24.64%

Today vs. 1 year ago

Amount16:30 today1 year ago1Y change
0.5 ICP$7.72$2.84
+171.39%
1 ICP$15.44$5.67
+171.39%
5 ICP$77.22$28.36
+171.39%
10 ICP$154.45$56.72
+171.39%
50 ICP$772.24$283.59
+171.39%
100 ICP$1,544.48$567.18
+171.39%
500 ICP$7,722.38$2,835.88
+171.39%
1000 ICP$15,444.76$5,671.76
+171.39%

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.