Big Mac to PAB Converter and calculator


Conversion rates
Convert Big Mac to PAB
Convert PAB to Big Mac
Big Mac to PAB chart
Big Mac to PAB conversion data: Volatility and price changes of Officer Big Mac in PAB
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.01126 PAB | -- PAB | -- PAB | -- PAB |
Low | 0.{4}2692 PAB | -- PAB | -- PAB | -- PAB |
Average | 0 PAB | 0 PAB | 0 PAB | 0 PAB |
Volatility | % | % | % | % |
Change | -0.96% | -- | -- | -- |
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Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Officer Big Mac information
Big Mac to PAB market statistics
Current Big Mac to PAB exchange rate
Officer Big Mac to Panamanian Balboa is falling this week.More info about Officer Big Mac 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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Big Mac to PAB Conversion tables
Amount | 21:44 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 Big Mac | B/.0.{4}1346 | B/.-- | -0.96% |
1 Big Mac | B/.0.{4}2692 | B/.-- | -0.96% |
5 Big Mac | B/.0.0001346 | B/.-- | -0.96% |
10 Big Mac | B/.0.0002692 | B/.-- | -0.96% |
50 Big Mac | B/.0.001346 | B/.-- | -0.96% |
100 Big Mac | B/.0.002692 | B/.-- | -0.96% |
500 Big Mac | B/.0.01346 | B/.-- | -0.96% |
1000 Big Mac | B/.0.02692 | B/.-- | -0.96% |
Big Mac to PAB FAQ
What factors influence the conversion rate of Big Mac to PAB?
Popular exchange rates — Crypto-to-Fiat converter
The price of Officer Big Mac in the US is $0.{4}2692 USD. Additionally, Officer Big Mac’s price is €0.{4}2279 EUR in the eurozone, £0.{4}1991 GBP in the UK, C$0.{4}3728 CAD in Canada, ₹0.002391 INR in India, ₨0.007579 PKR in Pakistan, R$0.0001423 BRL in Brazil, and more.
The most popular Officer Big Mac currency pair is the Big Mac to Panamanian Balboa(PAB). The price of 1 Officer Big Mac (Big Mac) in Panamanian Balboa (PAB) is B/.0.{4}2692.
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