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Shiba Inu to Panamanian Balboa Converter and calculator

Convert 1Shiba Inu (SHIB) to Panamanian Balboa (PAB) equals B/. 0.{4}2116 | 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 Shiba Inu currency pair is the SHIB to PAB, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

SHIB to PAB conversion rate trend

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In the past 1D, Shiba Inu has changed -4.31% to PAB. Based on the trend and price charts, Shiba Inu(SHIB) has changed -4.31% to PAB while Panamanian Balboa(PAB) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.0.{4}2159
0.0001% / 0.0004%vip-iconVIP
Binance
B/.0.{4}2157
0.1000% / 0.1000%
Yes
Coinbase Exchange
B/.0.{4}2150
0.1000% / 0.1000%
Yes
Kraken
B/.0.{4}2152
0.1000% / 0.1000%
Yes
OKX
B/.0.{4}2158
0.080% / 0.100%
Yes
Huobi
B/.0.{4}2159
0.1000% / 0.1000%
Yes
Gate.io
B/.0.{4}2157
0.1000% / 0.1000%
Yes
Bybit
B/.0.{4}2159
0.1000% / 0.1000%
Yes
KuCoin
B/.0.{4}2159
0.1000% / 0.1000%
Yes
Bitfinex
B/.0.{4}2164
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 02:00:35(UTC+0)

What factors influence the conversion rate of Shiba Inu to Panamanian Balboa?

Shiba Inu to Panamanian Balboa is falling this week.
Shiba Inu's current market price is B/. 0.{4}2116 per SHIB, with a total market cap of B/. 12,466,778,176.98 PAB based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by -12.98% (B/. -75,098,331.80 PAB) in the last 24 hours. Last trading day, SHIB's trading volume was B/. 578,649,826.65.
Market cap
$12.47B
24h volume
$503.55M
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at B/. 0.{4}2116 PAB , which means buying 5 SHIB will cost B/. 0.0001058 PAB . Similarly, B/.1 PAB can be traded for 47,268.78 SHIB, and B/.50 PAB can be converted to 2,363,438.96 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Panamanian Balboa has changed by -23.50% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.31%, reaching a high of 0.{4}2295 PAB and a low of 0.{4}2116 PAB . One month ago, the value of 1 SHIB was B/. 0.{4}2501 PAB , which represents a -15.40% change from its current value. Over the last year, Shiba Inu has changed by
+B/.
0.{4}1027PAB
, resulting in a change of +94.07% in its value.

SHIB to PAB

Amount
02:29 am today
0.5 SHIB
B/.0.{4}1058
1 SHIB
B/.0.{4}2116
5 SHIB
B/.0.0001058
10 SHIB
B/.0.0002116
50 SHIB
B/.0.001058
100 SHIB
B/.0.002116
500 SHIB
B/.0.01058
1000 SHIB
B/.0.02116

PAB to SHIB

Amount02:29 am today
0.5PAB23,634.39  SHIB
1PAB47,268.78  SHIB
5PAB236,343.9  SHIB
10PAB472,687.79  SHIB
50PAB2,363,438.96  SHIB
100PAB4,726,877.92  SHIB
500PAB23,634,389.61  SHIB
1000PAB47,268,779.21  SHIB
share

Today vs. 24 hours ago

Amount02:29 am today24 hours ago24h change
0.5 SHIB$0.{4}1058$0.{4}1105
-4.31%
1 SHIB$0.{4}2116$0.{4}2211
-4.31%
5 SHIB$0.0001058$0.0001105
-4.31%
10 SHIB$0.0002116$0.0002211
-4.31%
50 SHIB$0.001058$0.001105
-4.31%
100 SHIB$0.002116$0.002211
-4.31%
500 SHIB$0.01058$0.01105
-4.31%
1000 SHIB$0.02116$0.02211
-4.31%

Today vs. 1 month ago

Amount02:29 am today1 month ago1M change
0.5 SHIB$0.{4}1058$0.{4}1251
-15.40%
1 SHIB$0.{4}2116$0.{4}2501
-15.40%
5 SHIB$0.0001058$0.0001251
-15.40%
10 SHIB$0.0002116$0.0002501
-15.40%
50 SHIB$0.001058$0.001251
-15.40%
100 SHIB$0.002116$0.002501
-15.40%
500 SHIB$0.01058$0.01251
-15.40%
1000 SHIB$0.02116$0.02501
-15.40%

Today vs. 1 year ago

Amount02:29 am today1 year ago1Y change
0.5 SHIB$0.{4}1058$0.{5}5445
+94.07%
1 SHIB$0.{4}2116$0.{4}1089
+94.07%
5 SHIB$0.0001058$0.{4}5445
+94.07%
10 SHIB$0.0002116$0.0001089
+94.07%
50 SHIB$0.001058$0.0005445
+94.07%
100 SHIB$0.002116$0.001089
+94.07%
500 SHIB$0.01058$0.005445
+94.07%
1000 SHIB$0.02116$0.01089
+94.07%

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.