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JasmyCoin to Panamanian Balboa Converter and calculator

Convert 1JasmyCoin (JASMY) to Panamanian Balboa (PAB) equals B/. 0.02061 | 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 JasmyCoin(JASMY) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 JASMY at a value of 1 JASMY for 0.02 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 JasmyCoin currency pair is the JASMY to PAB, with for JasmyCoin's currency code being JASMY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

JASMY to PAB conversion rate trend

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In the past 1D, JasmyCoin has changed -4.86% to PAB. Based on the trend and price charts, JasmyCoin(JASMY) has changed -4.86% to PAB while Panamanian Balboa(PAB) has changed % to JASMY in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.0.02052
0.0001% / 0.0004%vip-iconVIP
Binance
B/.0.02054
0.1000% / 0.1000%
Yes
Coinbase Exchange
B/.0.02050
0.1000% / 0.1000%
Yes
Huobi
B/.0.02053
0.1000% / 0.1000%
Yes
Gate.io
B/.0.02054
0.1000% / 0.1000%
Yes
Bybit
B/.0.02050
0.1000% / 0.1000%
Yes
KuCoin
B/.0.02054
0.1000% / 0.1000%
Yes
Bitfinex
B/.0.02052
0.1000% / 0.1000%
Yes
Last updated 2024/05/23 22:00:23(UTC+0)

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

JasmyCoin to Panamanian Balboa is rising this week.
JasmyCoin's current market price is B/. 0.02061 per JASMY, with a total market cap of B/. 1,015,951,074.26 PAB based on a circulating supply of 49,300,000,000 JASMY. The trading volume of JasmyCoin has changed by +18.44% (B/. 18,027,507.63 PAB) in the last 24 hours. Last trading day, JASMY's trading volume was B/. 97,778,964.18.
Market cap
$1.02B
24h volume
$115.81M
Circulating supply
49.30B JASMY

Conversion tables

The exchange rate of JasmyCoin is increasing.
1 JASMY is currently valued at B/. 0.02061 PAB , which means buying 5 JASMY will cost B/. 0.1030 PAB . Similarly, B/.1 PAB can be traded for 48.53 JASMY, and B/.50 PAB can be converted to 2,426.3 JASMY, excluding any platform or gas fees.
The exchange rate of 1 JASMY to Panamanian Balboa has changed by +3.32% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.86%, reaching a high of 0.02222 PAB and a low of 0.01970 PAB . One month ago, the value of 1 JASMY was B/. 0.02044 PAB , which represents a +0.83% change from its current value. Over the last year, JasmyCoin has changed by
+B/.
0.01591PAB
, resulting in a change of +338.80% in its value.

JASMY to PAB

Amount
22:04 today
0.5 JASMY
B/.0.01030
1 JASMY
B/.0.02061
5 JASMY
B/.0.1030
10 JASMY
B/.0.2061
50 JASMY
B/.1.03
100 JASMY
B/.2.06
500 JASMY
B/.10.3
1000 JASMY
B/.20.61

PAB to JASMY

Amount22:04 today
0.5PAB24.26  JASMY
1PAB48.53  JASMY
5PAB242.63  JASMY
10PAB485.26  JASMY
50PAB2,426.3  JASMY
100PAB4,852.6  JASMY
500PAB24,262.98  JASMY
1000PAB48,525.96  JASMY
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Today vs. 24 hours ago

Amount22:04 today24 hours ago24h change
0.5 JASMY$0.01030$0.01083
-4.86%
1 JASMY$0.02061$0.02166
-4.86%
5 JASMY$0.1030$0.1083
-4.86%
10 JASMY$0.2061$0.2166
-4.86%
50 JASMY$1.03$1.08
-4.86%
100 JASMY$2.06$2.17
-4.86%
500 JASMY$10.3$10.83
-4.86%
1000 JASMY$20.61$21.66
-4.86%

Today vs. 1 month ago

Amount22:04 today1 month ago1M change
0.5 JASMY$0.01030$0.01022
+0.83%
1 JASMY$0.02061$0.02044
+0.83%
5 JASMY$0.1030$0.1022
+0.83%
10 JASMY$0.2061$0.2044
+0.83%
50 JASMY$1.03$1.02
+0.83%
100 JASMY$2.06$2.04
+0.83%
500 JASMY$10.3$10.22
+0.83%
1000 JASMY$20.61$20.44
+0.83%
Buy JasmyCoin for 1 PAB
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Today vs. 1 year ago

Amount22:04 today1 year ago1Y change
0.5 JASMY$0.01030$0.002348
+338.80%
1 JASMY$0.02061$0.004697
+338.80%
5 JASMY$0.1030$0.02348
+338.80%
10 JASMY$0.2061$0.04697
+338.80%
50 JASMY$1.03$0.2348
+338.80%
100 JASMY$2.06$0.4697
+338.80%
500 JASMY$10.3$2.35
+338.80%
1000 JASMY$20.61$4.7
+338.80%

JasmyCoin price prediction

What will the price of JASMY be in 2025?

Based on JASMY's historical price performance prediction model, the price of JASMY is projected to reach $0.02171 in 2025.

What will the price of JASMY be in 2030?

In 2030, the JASMY price is expected to rise by +6.00%. By the end of 2030, the JASMY price is projected to reach $0.02621, with a cumulative ROI of +27.17%.
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Buy JasmyCoin for 1 PAB
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FAQ

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