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Monero to Panamanian Balboa Converter and calculator

Convert 1Monero (XMR) to Panamanian Balboa (PAB) equals B/. 120.48 | 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 Monero currency pair is the XMR to PAB, with for Monero's currency code being XMR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

XMR to PAB conversion rate trend

In the past 1D, Monero has changed -5.61% to PAB. Based on the trend and price charts, Monero(XMR) has changed -5.61% to PAB while Panamanian Balboa(PAB) has changed % to XMR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
0.1000% / 0.1000%
0.1000% / 0.1000%
0.080% / 0.100%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
Last updated 2024/04/14 10:00:51(UTC+0)

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

Monero to Panamanian Balboa is falling this week.
Monero's current market price is B/. 120.48 per XMR, with a total market cap of B/. 2,219,635,188.05 PAB based on a circulating supply of 18,423,438 XMR. The trading volume of Monero has changed by -4.90% (B/. -2,833,844.85 PAB) in the last 24 hours. Last trading day, XMR's trading volume was B/. 57,891,459.85.
Market cap
24h volume
Circulating supply
18.42M XMR

Conversion tables

The exchange rate of Monero is decreasing.
1 XMR is currently valued at B/. 120.48 PAB , which means buying 5 XMR will cost B/. 602.39 PAB . Similarly, B/.1 PAB can be traded for 0.008300 XMR, and B/.50 PAB can be converted to 0.4150 XMR, excluding any platform or gas fees.
The exchange rate of 1 XMR to Panamanian Balboa has changed by -9.20% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.61%, reaching a high of 127.16 PAB and a low of 105.43 PAB . One month ago, the value of 1 XMR was B/. 144.46 PAB , which represents a -16.60% change from its current value. Over the last year, Monero has changed by
, resulting in a change of -26.37% in its value.


10:13 am today
0.5 XMR
10 XMR
50 XMR
100 XMR
500 XMR
1000 XMR


Amount10:13 am today
0.5PAB0.004150  XMR
1PAB0.008300  XMR
5PAB0.04150  XMR
10PAB0.08300  XMR
50PAB0.4150  XMR
100PAB0.8300  XMR
500PAB4.15  XMR
1000PAB8.3  XMR

Today vs. 24 hours ago

Amount10:13 am today24 hours ago24h change
0.5 XMR$60.24$63.82
1 XMR$120.48$127.63
5 XMR$602.39$638.17
10 XMR$1,204.79$1,276.35
50 XMR$6,023.94$6,381.74
100 XMR$12,047.89$12,763.48
500 XMR$60,239.44$63,817.38
1000 XMR$120,478.88$127,634.76

Today vs. 1 month ago

Amount10:13 am today1 month ago1M change
0.5 XMR$60.24$72.23
1 XMR$120.48$144.46
5 XMR$602.39$722.31
10 XMR$1,204.79$1,444.62
50 XMR$6,023.94$7,223.09
100 XMR$12,047.89$14,446.17
500 XMR$60,239.44$72,230.86
1000 XMR$120,478.88$144,461.73

Today vs. 1 year ago

Amount10:13 am today1 year ago1Y change
0.5 XMR$60.24$81.81
1 XMR$120.48$163.62
5 XMR$602.39$818.09
10 XMR$1,204.79$1,636.18
50 XMR$6,023.94$8,180.88
100 XMR$12,047.89$16,361.77
500 XMR$60,239.44$81,808.85
1000 XMR$120,478.88$163,617.69


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