Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info VeChain

VeChain to Panamanian Balboa Converter and calculator

Convert 1VeChain (VET) to Panamanian Balboa (PAB) equals B/. 0.04227 | Bitget
VET
VET
swap
PAB
Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of VeChain(VET) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 VET at a value of 1 VET for 0.04 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.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular VeChain currency pair is the VET to PAB, with for VeChain's currency code being VET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

VET to PAB conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed +0.90% to PAB. Based on the trend and price charts, VeChain(VET) has changed +0.90% to PAB while Panamanian Balboa(PAB) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.0.04227
0.0001% / 0.0004%vip-iconVIP
Binance
B/.0.04222
0.1000% / 0.1000%
Yes
Huobi
B/.0.04222
0.1000% / 0.1000%
Yes
Gate.io
B/.0.04220
0.1000% / 0.1000%
Yes
KuCoin
B/.0.04219
0.1000% / 0.1000%
Yes
Bitfinex
B/.0.04279
0.1000% / 0.1000%
Yes
Last updated 2024/04/24 08:00:36(UTC+0)

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

VeChain to Panamanian Balboa is rising this week.
VeChain's current market price is B/. 0.04227 per VET, with a total market cap of B/. 3,073,679,455.31 PAB based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by +8.26% (B/. 5,068,088.82 PAB) in the last 24 hours. Last trading day, VET's trading volume was B/. 61,349,580.23.
Market cap
$3.07B
24h volume
$66.42M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is decreasing.
1 VET is currently valued at B/. 0.04227 PAB , which means buying 5 VET will cost B/. 0.2114 PAB . Similarly, B/.1 PAB can be traded for 23.66 VET, and B/.50 PAB can be converted to 1,182.86 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Panamanian Balboa has changed by +4.60% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.90%, reaching a high of 0.04323 PAB and a low of 0.04149 PAB . One month ago, the value of 1 VET was B/. 0.04298 PAB , which represents a -1.65% change from its current value. Over the last year, VeChain has changed by
+B/.
0.02048PAB
, resulting in a change of +94.01% in its value.

VET to PAB

Amount
09:30 am today
0.5 VET
B/.0.02114
1 VET
B/.0.04227
5 VET
B/.0.2114
10 VET
B/.0.4227
50 VET
B/.2.11
100 VET
B/.4.23
500 VET
B/.21.14
1000 VET
B/.42.27

PAB to VET

Amount09:30 am today
0.5PAB11.83  VET
1PAB23.66  VET
5PAB118.29  VET
10PAB236.57  VET
50PAB1,182.86  VET
100PAB2,365.72  VET
500PAB11,828.58  VET
1000PAB23,657.16  VET
share

Today vs. 24 hours ago

Amount09:30 am today24 hours ago24h change
0.5 VET$0.02114$0.02095
+0.90%
1 VET$0.04227$0.04189
+0.90%
5 VET$0.2114$0.2095
+0.90%
10 VET$0.4227$0.4189
+0.90%
50 VET$2.11$2.09
+0.90%
100 VET$4.23$4.19
+0.90%
500 VET$21.14$20.95
+0.90%
1000 VET$42.27$41.89
+0.90%

Today vs. 1 month ago

Amount09:30 am today1 month ago1M change
0.5 VET$0.02114$0.02149
-1.65%
1 VET$0.04227$0.04298
-1.65%
5 VET$0.2114$0.2149
-1.65%
10 VET$0.4227$0.4298
-1.65%
50 VET$2.11$2.15
-1.65%
100 VET$4.23$4.3
-1.65%
500 VET$21.14$21.49
-1.65%
1000 VET$42.27$42.98
-1.65%

Today vs. 1 year ago

Amount09:30 am today1 year ago1Y change
0.5 VET$0.02114$0.01089
+94.01%
1 VET$0.04227$0.02179
+94.01%
5 VET$0.2114$0.1089
+94.01%
10 VET$0.4227$0.2179
+94.01%
50 VET$2.11$1.09
+94.01%
100 VET$4.23$2.18
+94.01%
500 VET$21.14$10.89
+94.01%
1000 VET$42.27$21.79
+94.01%

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.