PAXG
PAB
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of PAX Gold(PAXG) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 PAXG at a value of 1 PAXG for 2,301.81 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.
Bitget crypto-to-fiat exchange data shows that the most popular PAX Gold currency pair is the PAXG to PAB, with for PAX Gold's currency code being PAXG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
PAXG to PAB conversion rate trend
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In the past 1D, PAX Gold has changed -1.08% to PAB. Based on the trend and price charts, PAX Gold(PAXG) has changed -1.08% to PAB while Panamanian Balboa(PAB) has changed % to PAXG in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.2,298.94 | 0.0003% / 0.0004%  VIP | |
Binance | B/.2,300 | 0.1000% / 0.1000% | Yes |
Bybit | B/.2,305.84 | 0.1000% / 0.1000% | Yes |
KuCoin | B/.2,300.3 | 0.1000% / 0.1000% | Yes |
Last updated 2024/06/13 17:00:23(UTC+0)
How to buy PAX Gold
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Buy PAX Gold (PAXG)
Use a variety of payment options to buy PAX Gold on Bitget. We'll show you how.
Learn MoreBuy PAXG (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of PAXG with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy PAXG with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell PAXG (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of PAXG to PAB. However, you can first exchange PAXG for USDT in the Bitget spot market, and then sell USDT to PAB in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of PAX Gold to Panamanian Balboa?
PAX Gold to Panamanian Balboa is falling this week.PAX Gold's current market price is B/. 2,301.81 per PAXG, with a total market cap of B/. 427,797,930.13 PAB based on a circulating supply of 185,852.56 PAXG. The trading volume of PAX Gold has changed by -13.89% (B/. -1,122,617.72 PAB) in the last 24 hours. Last trading day, PAXG's trading volume was B/. 8,083,772.39.
Market cap
$427.80M
24h volume
$6.96M
Circulating supply
185.85K PAXG
Conversion tables
The exchange rate of PAX Gold is decreasing.1 PAXG is currently valued at B/. 2,301.81 PAB , which means buying 5 PAXG will cost B/. 11,509.07 PAB . Similarly, B/.1 PAB can be traded for 0.0004344 PAXG, and B/.50 PAB can be converted to 0.02172 PAXG, excluding any platform or gas fees.
The exchange rate of 1 PAXG to Panamanian Balboa has changed by -2.57% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.08%, reaching a high of 2,327.04 PAB and a low of 2,296.94 PAB . One month ago, the value of 1 PAXG was B/. 2,338.11 PAB , which represents a -1.55% change from its current value. Over the last year, PAX Gold has changed by , resulting in a change of +19.04% in its value.
+B/.
68.15PABPAXG to PAB
Amount
17:24 today
0.5 PAXG
B/.1,150.91
1 PAXG
B/.2,301.81
5 PAXG
B/.11,509.07
10 PAXG
B/.23,018.14
50 PAXG
B/.115,090.68
100 PAXG
B/.230,181.35
500 PAXG
B/.1,150,906.75
1000 PAXG
B/.2,301,813.5
PAB to PAXG
Amount17:24 today
0.5PAB0.0002172 PAXG
1PAB0.0004344 PAXG
5PAB0.002172 PAXG
10PAB0.004344 PAXG
50PAB0.02172 PAXG
100PAB0.04344 PAXG
500PAB0.2172 PAXG
1000PAB0.4344 PAXG
Today vs. 24 hours ago
| Amount | 17:24 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PAXG | $1,150.91 | $1,163.5 | -1.08% |
| 1 PAXG | $2,301.81 | $2,327 | -1.08% |
| 5 PAXG | $11,509.07 | $11,635 | -1.08% |
| 10 PAXG | $23,018.14 | $23,270 | -1.08% |
| 50 PAXG | $115,090.68 | $116,349.99 | -1.08% |
| 100 PAXG | $230,181.35 | $232,699.98 | -1.08% |
| 500 PAXG | $1,150,906.75 | $1,163,499.9 | -1.08% |
| 1000 PAXG | $2,301,813.5 | $2,326,999.8 | -1.08% |
Today vs. 1 month ago
| Amount | 17:24 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PAXG | $1,150.91 | $1,169.06 | -1.55% |
| 1 PAXG | $2,301.81 | $2,338.11 | -1.55% |
| 5 PAXG | $11,509.07 | $11,690.56 | -1.55% |
| 10 PAXG | $23,018.14 | $23,381.13 | -1.55% |
| 50 PAXG | $115,090.68 | $116,905.63 | -1.55% |
| 100 PAXG | $230,181.35 | $233,811.25 | -1.55% |
| 500 PAXG | $1,150,906.75 | $1,169,056.25 | -1.55% |
| 1000 PAXG | $2,301,813.5 | $2,338,112.5 | -1.55% |
Today vs. 1 year ago
| Amount | 17:24 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PAXG | $1,150.91 | $966.83 | +19.04% |
| 1 PAXG | $2,301.81 | $1,933.66 | +19.04% |
| 5 PAXG | $11,509.07 | $9,668.32 | +19.04% |
| 10 PAXG | $23,018.14 | $19,336.63 | +19.04% |
| 50 PAXG | $115,090.68 | $96,683.16 | +19.04% |
| 100 PAXG | $230,181.35 | $193,366.32 | +19.04% |
| 500 PAXG | $1,150,906.75 | $966,831.6 | +19.04% |
| 1000 PAXG | $2,301,813.5 | $1,933,663.2 | +19.04% |
PAX Gold price prediction
What will the price of PAXG be in 2025?
Based on PAXG's historical price performance prediction model, the price of PAXG is projected to reach $3,223 in 2025.
What will the price of PAXG be in 2030?
In 2030, the PAXG price is expected to rise by -1.00%. By the end of 2030, the PAXG price is projected to reach $5,395.5, with a cumulative ROI of +134.40%.
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Popular PAX Gold conversions
Check out these popular currency conversions of PAX Gold to several fiat currencies.
PAX Gold to USD
1 PAXG to $ 2,301.81 USD
PAX Gold to GBP
1 PAXG to £ 1,804.39 GBP
PAX Gold to EUR
1 PAXG to € 2,140.69 EUR
PAX Gold to KRW
1 PAXG to ₩ 3,168,582.09 KRW
PAX Gold to CAD
1 PAXG to $ 3,166.37 CAD
PAX Gold to AUD
1 PAXG to $ 3,469.98 AUD
PAX Gold to JPY
1 PAXG to ¥ 360,791.54 JPY
PAX Gold to BRL
1 PAXG to R$ 12,378.92 BRL
PAX Gold to CNY
1 PAXG to ¥ 16,698.28 CNY
PAX Gold to TWD
1 PAXG to NT$ 74,522.36 TWD
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in PAX Gold.
Vitalik Smart Gas to PAB
1 VSG to B/. 0.002272 PAB
io.net to PAB
1 IO to B/. 4.93 PAB
CyPepe to PAB
1 CYPEPE to B/. 0.001319 PAB
Aethir to PAB
1 ATH to B/. 0.07741 PAB
Biaoqing to PAB
1 BIAO to B/. 0.02084 PAB
Notcoin to PAB
1 NOT to B/. 0.01725 PAB
Pepe to PAB
1 PEPE to B/. 0.{4}1212 PAB
Bitcoin to PAB
1 BTC to B/. 66,897.87 PAB
Super Trump to PAB
1 STRUMP to B/. 0.01841 PAB
Solana to PAB
1 SOL to B/. 147.8 PAB
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between PAX Gold and PAB.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as PAX Gold and PAB. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of PAX Gold in PAB, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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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.
