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Retik Finance to Panamanian Balboa Converter and calculator

Convert 1Retik Finance (RETIK) to Panamanian Balboa (PAB) equals B/. 0.07402 | Bitget
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 Retik Finance(RETIK) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 RETIK at a value of 1 RETIK for 0.07 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 Retik Finance currency pair is the RETIK to PAB, with for Retik Finance's currency code being RETIK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

RETIK to PAB conversion rate trend

In the past 1D, Retik Finance has changed -6.73% to PAB. Based on the trend and price charts, Retik Finance(RETIK) has changed -6.73% to PAB while Panamanian Balboa(PAB) has changed % to RETIK in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/06/20 15:57:42(UTC+0)

How to buy Retik Finance

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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Retik Finance (RETIK)
Use a variety of payment options to buy Retik Finance on Bitget. We'll show you how.

Buy RETIK (or USDT) for PAB (Panamanian Balboa) offers

Bitget P2P trading does not currently support direct buying of RETIK with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy RETIK with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell RETIK (or USDT) for PAB (Panamanian Balboa) offers

Bitget P2P trading currently does not support direct selling of RETIK to PAB. However, you can first exchange RETIK for USDT in the Bitget spot market, and then sell USDT to PAB in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
No matching ads found.

What factors influence the conversion rate of Retik Finance to Panamanian Balboa?

Retik Finance to Panamanian Balboa is falling this week.
Retik Finance's current market price is B/. 0.07402 per RETIK, with a total market cap of B/. 0 PAB based on a circulating supply of -- RETIK. The trading volume of Retik Finance has changed by +10.56% (B/. 301,763.36 PAB) in the last 24 hours. Last trading day, RETIK's trading volume was B/. 2,858,040.61.
Market cap
24h volume
Circulating supply

Conversion tables

The exchange rate of Retik Finance is decreasing.
1 RETIK is currently valued at B/. 0.07402 PAB , which means buying 5 RETIK will cost B/. 0.3701 PAB . Similarly, B/.1 PAB can be traded for 13.51 RETIK, and B/.50 PAB can be converted to 675.47 RETIK, excluding any platform or gas fees.
The exchange rate of 1 RETIK to Panamanian Balboa has changed by -20.95% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.73%, reaching a high of 0.08396 PAB and a low of 0.07243 PAB . One month ago, the value of 1 RETIK was B/. 1.81 PAB , which represents a -95.89% change from its current value. Over the last year, Retik Finance has changed by
, resulting in a change of --% in its value.


15:57 today
1000 RETIK


Amount15:57 today
0.5PAB6.75  RETIK
1PAB13.51  RETIK
5PAB67.55  RETIK
10PAB135.09  RETIK
50PAB675.47  RETIK
100PAB1,350.95  RETIK
500PAB6,754.74  RETIK
1000PAB13,509.47  RETIK
Buy Retik Finance for 1 PAB
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Today vs. 24 hours ago

Amount15:57 today24 hours ago24h change
0.5 RETIK$0.03701$0.03969
1 RETIK$0.07402$0.07937
5 RETIK$0.3701$0.3969
10 RETIK$0.7402$0.7937
50 RETIK$3.7$3.97
100 RETIK$7.4$7.94
500 RETIK$37.01$39.69
1000 RETIK$74.02$79.37

Today vs. 1 month ago

Amount15:57 today1 month ago1M change
0.5 RETIK$0.03701$0.9027
1 RETIK$0.07402$1.81
5 RETIK$0.3701$9.03
10 RETIK$0.7402$18.05
50 RETIK$3.7$90.27
100 RETIK$7.4$180.55
500 RETIK$37.01$902.73
1000 RETIK$74.02$1,805.47
Buy Retik Finance for 1 PAB
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Today vs. 1 year ago

Amount15:57 today1 year ago1Y change
0.5 RETIK$0.03701$-0.{4}5716
1 RETIK$0.07402$-0.0001143
5 RETIK$0.3701$-0.0005716
10 RETIK$0.7402$-0.001143
50 RETIK$3.7$-0.005716
100 RETIK$7.4$-0.01143
500 RETIK$37.01$-0.05716
1000 RETIK$74.02$-0.1143

Retik Finance price prediction

What will the price of RETIK be in 2025?

Based on RETIK's historical price performance prediction model, the price of RETIK is projected to reach -- in 2025.

What will the price of RETIK be in 2030?

In 2030, the RETIK price is expected to rise by -1.00%. By the end of 2030, the RETIK price is projected to reach --, with a cumulative ROI of 0.00%.
Buy Retik Finance for 1 PAB
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Buy Retik Finance for 1 PAB
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Retik Finance now
Buy Retik Finance for 1 PAB
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Retik Finance now

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What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Retik Finance and PAB.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Retik Finance and PAB. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Retik Finance in PAB, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

Buy Retik Finance for 1 PAB

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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.