๐ฉ๐ฆ to PAB Converter and calculator
Conversion rates
Convert ๐ฉ๐ฆ to PAB
Convert PAB to ๐ฉ๐ฆ
๐ฉ๐ฆ to PAB chart
๐ฉ๐ฆ to PAB conversion data: Volatility and price changes of NetClawd in PAB
| Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
|---|---|---|---|---|
High | 0.{5}3593 PAB | -- PAB | -- PAB | -- PAB |
Low | 0.{5}1153 PAB | -- PAB | -- PAB | -- PAB |
Average | 0 PAB | 0 PAB | 0 PAB | 0 PAB |
Volatility | % | % | % | % |
Change | -0.02% | -- | -- | -- |
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NetClawd information
๐ฉ๐ฆ to PAB market statistics
Current ๐ฉ๐ฆ to PAB exchange rate
NetClawd to Panamanian Balboa is falling this week.More info about NetClawd on Bitget
Panamanian Balboa 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 Nรบรฑez 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 Panamaโs 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 Panamaโs monetary policy.
Design and Symbolism
The design of the Panamanian Balboa features iconic national symbols, historical figures, and landmarks that narrate Panamaโs rich cultural heritage. Coins bear the image of Vasco Nรบรฑez 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 Balboaโs stability, thanks to its peg to the US Dollar, is crucial for the countryโs 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 countryโs role as a global logistics and trade hub.
Remittances and Economic Impact
Remittances play a significant role in Panamaโs 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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๐ฉ๐ฆ to PAB Conversion tables
| Amount | 18:18 today | 24 hours ago | 24h change |
|---|---|---|---|
0.5 ๐ฉ๐ฆ | B/.0.{6}7775 | B/.-- | -0.02% |
1 ๐ฉ๐ฆ | B/.0.{5}1555 | B/.-- | -0.02% |
5 ๐ฉ๐ฆ | B/.0.{5}7775 | B/.-- | -0.02% |
10 ๐ฉ๐ฆ | B/.0.{4}1555 | B/.-- | -0.02% |
50 ๐ฉ๐ฆ | B/.0.{4}7775 | B/.-- | -0.02% |
100 ๐ฉ๐ฆ | B/.0.0001555 | B/.-- | -0.02% |
500 ๐ฉ๐ฆ | B/.0.0007775 | B/.-- | -0.02% |
1000 ๐ฉ๐ฆ | B/.0.001555 | B/.-- | -0.02% |
๐ฉ๐ฆ to PAB FAQ
What factors influence the conversion rate of ๐ฉ๐ฆ to PAB?
Popular exchange rates โ Crypto-to-Fiat converter
The price of NetClawd in the US is $0.โน0.00014231555 USD. Additionally, NetClawdโs price is โฌ0.{5}1299 EUR in the eurozone, ยฃ0.{5}1129 GBP in the UK, C$0.{5}2115 CAD in Canada, {5} INR in India, โจ0.0004350 PKR in Pakistan, R$0.{5}8118 BRL in Brazil, and more.
The most popular NetClawd currency pair is the ๐ฉ๐ฆ to Panamanian Balboa(PAB). The price of 1 NetClawd (๐ฉ๐ฆ) in Panamanian Balboa (PAB) is B/.0.{5}1555.
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