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Speedy to Panamanian Balboa Converter and calculator

Convert 1Speedy (SPEEDY) to Panamanian Balboa (PAB) equals B/. 0.{5}3156 | 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 Speedy(SPEEDY) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 SPEEDY at a value of 1 SPEEDY for 0.00 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 Speedy currency pair is the SPEEDY to PAB, with for Speedy's currency code being SPEEDY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

SPEEDY to PAB conversion rate trend

In the past 1D, Speedy has changed -12.07% to PAB. Based on the trend and price charts, Speedy(SPEEDY) has changed -12.07% to PAB while Panamanian Balboa(PAB) has changed % to SPEEDY in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/05/27 08:43:47(UTC+0)

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

Speedy to Panamanian Balboa is falling this week.
Speedy's current market price is B/. 0.{5}3156 per SPEEDY, with a total market cap of B/. 0 PAB based on a circulating supply of -- SPEEDY. The trading volume of Speedy has changed by -30.14% (B/. -84,430.30 PAB) in the last 24 hours. Last trading day, SPEEDY's trading volume was B/. 280,106.63.
Market cap
24h volume
Circulating supply

Conversion tables

The exchange rate of Speedy is decreasing.
1 SPEEDY is currently valued at B/. 0.{5}3156 PAB , which means buying 5 SPEEDY will cost B/. 0.{4}1578 PAB . Similarly, B/.1 PAB can be traded for 316,887.9 SPEEDY, and B/.50 PAB can be converted to 15,844,394.86 SPEEDY, excluding any platform or gas fees.
The exchange rate of 1 SPEEDY to Panamanian Balboa has changed by -20.40% in the last 7 days. In the last 24 hours, the rate has fluctuated by -12.07%, reaching a high of 0.{5}3622 PAB and a low of 0.{5}2985 PAB . One month ago, the value of 1 SPEEDY was B/. 0.{5}6635 PAB , which represents a -52.44% change from its current value. Over the last year, Speedy has changed by
, resulting in a change of --% in its value.


08:43 am today


Amount08:43 am today
0.5PAB158,443.95  SPEEDY
1PAB316,887.9  SPEEDY
5PAB1,584,439.49  SPEEDY
10PAB3,168,878.97  SPEEDY
50PAB15,844,394.86  SPEEDY
100PAB31,688,789.72  SPEEDY
500PAB158,443,948.6  SPEEDY
1000PAB316,887,897.2  SPEEDY
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Today vs. 24 hours ago

Amount08:43 am today24 hours ago24h change
0.5 SPEEDY$0.{5}1578$0.{5}1794
1 SPEEDY$0.{5}3156$0.{5}3589
5 SPEEDY$0.{4}1578$0.{4}1794
10 SPEEDY$0.{4}3156$0.{4}3589
50 SPEEDY$0.0001578$0.0001794
100 SPEEDY$0.0003156$0.0003589
500 SPEEDY$0.001578$0.001794
1000 SPEEDY$0.003156$0.003589

Today vs. 1 month ago

Amount08:43 am today1 month ago1M change
0.5 SPEEDY$0.{5}1578$0.{5}3317
1 SPEEDY$0.{5}3156$0.{5}6635
5 SPEEDY$0.{4}1578$0.{4}3317
10 SPEEDY$0.{4}3156$0.{4}6635
50 SPEEDY$0.0001578$0.0003317
100 SPEEDY$0.0003156$0.0006635
500 SPEEDY$0.001578$0.003317
1000 SPEEDY$0.003156$0.006635
Buy Speedy for 1 PAB
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Today vs. 1 year ago

Amount08:43 am today1 year ago1Y change
0.5 SPEEDY$0.{5}1578$0.00
1 SPEEDY$0.{5}3156$0.00
5 SPEEDY$0.{4}1578$0.00
10 SPEEDY$0.{4}3156$0.00
50 SPEEDY$0.0001578$0.00
100 SPEEDY$0.0003156$0.00
500 SPEEDY$0.001578$0.00
1000 SPEEDY$0.003156$0.00

Speedy price prediction

What will the price of SPEEDY be in 2025?

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

What will the price of SPEEDY be in 2030?

In 2030, the SPEEDY price is expected to rise by +7.00%. By the end of 2030, the SPEEDY price is projected to reach --, with a cumulative ROI of 0.00%.
Buy Speedy for 1 PAB
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Buy Speedy for 1 PAB
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Speedy now
Buy Speedy for 1 PAB
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Speedy now


Buy Speedy for 1 PAB

A welcome pack worth 1000 USDT for new Bitgetters!

Buy Speedy now
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