COINDEPO to PAB Converter and calculator


Conversion rates
Convert COINDEPO to PAB
Convert PAB to COINDEPO
COINDEPO to PAB chart
COINDEPO to PAB conversion data: Volatility and price changes of COINDEPO in PAB
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.09402 PAB | 0.09402 PAB | 0.09402 PAB | 0.09402 PAB |
Low | 0.09005 PAB | 0.09005 PAB | 0.09005 PAB | 0.09005 PAB |
Average | 0 PAB | 0 PAB | 0 PAB | 0 PAB |
Volatility | % | % | % | % |
Change | -3.21% | -3.64% | -3.53% | -2.10% |
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COINDEPO information
COINDEPO to PAB market statistics
Current COINDEPO to PAB exchange rate
COINDEPO to Panamanian Balboa is rising this week.More info about COINDEPO 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 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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COINDEPO to PAB Conversion tables
Amount | 21:27 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 COINDEPO | B/.0.04503 | B/.-0.{5}2250 | -3.21% |
1 COINDEPO | B/.0.09005 | B/.-0.{5}4500 | -3.21% |
5 COINDEPO | B/.0.4503 | B/.-0.{4}2250 | -3.21% |
10 COINDEPO | B/.0.9005 | B/.-0.{4}4500 | -3.21% |
50 COINDEPO | B/.4.5 | B/.-0.0002250 | -3.21% |
100 COINDEPO | B/.9.01 | B/.-0.0004500 | -3.21% |
500 COINDEPO | B/.45.03 | B/.-0.002250 | -3.21% |
1000 COINDEPO | B/.90.05 | B/.-0.004500 | -3.21% |
COINDEPO to PAB FAQ
What factors influence the conversion rate of COINDEPO to PAB?
Popular exchange rates — Crypto-to-Fiat converter
The price of COINDEPO in the US is $0.09005 USD. Additionally, COINDEPO’s price is €0.07673 EUR in the eurozone, £0.06679 GBP in the UK, C$0.1255 CAD in Canada, ₹7.98 INR in India, ₨25.33 PKR in Pakistan, R$0.4793 BRL in Brazil, and more.
The most popular COINDEPO currency pair is the COINDEPO to Panamanian Balboa(PAB). The price of 1 COINDEPO (COINDEPO) in Panamanian Balboa (PAB) is B/.0.09005.
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