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Polygon to Panamanian Balboa Converter and calculator

Convert 1Polygon (MATIC) to Panamanian Balboa (PAB) equals B/. 0.6683 | 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 Polygon currency pair is the MATIC to PAB, with for Polygon's currency code being MATIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

MATIC to PAB conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polygon has changed -3.22% to PAB. Based on the trend and price charts, Polygon(MATIC) has changed -3.22% to PAB while Panamanian Balboa(PAB) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.0.6704
0.0001% / 0.0004%vip-iconVIP
Binance
B/.0.6701
0.1000% / 0.1000%
Yes
Coinbase Exchange
B/.0.6700
0.1000% / 0.1000%
Yes
Kraken
B/.0.6714
0.1000% / 0.1000%
Yes
OKX
B/.0.6701
0.080% / 0.100%
Yes
Huobi
B/.0.6704
0.1000% / 0.1000%
Yes
Gate.io
B/.0.6699
0.1000% / 0.1000%
Yes
Bybit
B/.0.6704
0.1000% / 0.1000%
Yes
KuCoin
B/.0.6700
0.1000% / 0.1000%
Yes
Bitfinex
B/.0.6726
0.1000% / 0.1000%
Yes
Last updated 2024/04/17 15:00:28(UTC+0)

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

Polygon to Panamanian Balboa is falling this week.
Polygon's current market price is B/. 0.6683 per MATIC, with a total market cap of B/. 6,612,935,164.28 PAB based on a circulating supply of 9,894,742,000 MATIC. The trading volume of Polygon has changed by -35.99% (B/. -148,817,633.88 PAB) in the last 24 hours. Last trading day, MATIC's trading volume was B/. 413,507,517.22.
Market cap
$6.61B
24h volume
$264.69M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at B/. 0.6683 PAB , which means buying 5 MATIC will cost B/. 3.34 PAB . Similarly, B/.1 PAB can be traded for 1.5 MATIC, and B/.50 PAB can be converted to 74.81 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Panamanian Balboa has changed by -22.91% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.22%, reaching a high of 0.7096 PAB and a low of 0.6657 PAB . One month ago, the value of 1 MATIC was B/. 1.03 PAB , which represents a -35.00% change from its current value. Over the last year, Polygon has changed by
-B/.
0.4985PAB
, resulting in a change of -42.65% in its value.

MATIC to PAB

Amount
15:09 today
0.5 MATIC
B/.0.3342
1 MATIC
B/.0.6683
5 MATIC
B/.3.34
10 MATIC
B/.6.68
50 MATIC
B/.33.42
100 MATIC
B/.66.83
500 MATIC
B/.334.16
1000 MATIC
B/.668.33

PAB to MATIC

Amount15:09 today
0.5PAB0.7481  MATIC
1PAB1.5  MATIC
5PAB7.48  MATIC
10PAB14.96  MATIC
50PAB74.81  MATIC
100PAB149.63  MATIC
500PAB748.14  MATIC
1000PAB1,496.27  MATIC
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Today vs. 24 hours ago

Amount15:09 today24 hours ago24h change
0.5 MATIC$0.3342$0.3453
-3.22%
1 MATIC$0.6683$0.6906
-3.22%
5 MATIC$3.34$3.45
-3.22%
10 MATIC$6.68$6.91
-3.22%
50 MATIC$33.42$34.53
-3.22%
100 MATIC$66.83$69.06
-3.22%
500 MATIC$334.16$345.31
-3.22%
1000 MATIC$668.33$690.63
-3.22%

Today vs. 1 month ago

Amount15:09 today1 month ago1M change
0.5 MATIC$0.3342$0.5146
-35.00%
1 MATIC$0.6683$1.03
-35.00%
5 MATIC$3.34$5.15
-35.00%
10 MATIC$6.68$10.29
-35.00%
50 MATIC$33.42$51.46
-35.00%
100 MATIC$66.83$102.93
-35.00%
500 MATIC$334.16$514.65
-35.00%
1000 MATIC$668.33$1,029.29
-35.00%

Today vs. 1 year ago

Amount15:09 today1 year ago1Y change
0.5 MATIC$0.3342$0.5834
-42.65%
1 MATIC$0.6683$1.17
-42.65%
5 MATIC$3.34$5.83
-42.65%
10 MATIC$6.68$11.67
-42.65%
50 MATIC$33.42$58.34
-42.65%
100 MATIC$66.83$116.68
-42.65%
500 MATIC$334.16$583.41
-42.65%
1000 MATIC$668.33$1,166.82
-42.65%

FAQ

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