BIDR
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 BIDR(BIDR) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 BIDR at a value of 1 BIDR for 0.00 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 BIDR currency pair is the BIDR to PAB, with for BIDR's currency code being BIDR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
BIDR to PAB conversion rate trend
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In the past 1D, BIDR has changed +21.41% to PAB. Based on the trend and price charts, BIDR(BIDR) has changed +21.41% to PAB while Panamanian Balboa(PAB) has changed % to BIDR in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.{4}5608 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/22 16:30:44(UTC+0)
How to buy BIDR
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Buy BIDR (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of BIDR with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy BIDR with USDT via Bitget spot market.
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Sell BIDR (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of BIDR to PAB. However, you can first exchange BIDR for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of BIDR to Panamanian Balboa?
BIDR to Panamanian Balboa is falling this week.BIDR's current market price is B/. 0.{4}5584 per BIDR, with a total market cap of B/. 10,642,927.22 PAB based on a circulating supply of 190,585,850,000 BIDR. The trading volume of BIDR has changed by +28.48% (B/. 45.13 PAB) in the last 24 hours. Last trading day, BIDR's trading volume was B/. 158.44.
Market cap
$10.64M
24h volume
$203.57490896
Circulating supply
190.59B BIDR
Conversion tables
The exchange rate of BIDR is decreasing.1 BIDR is currently valued at B/. 0.{4}5584 PAB , which means buying 5 BIDR will cost B/. 0.0002792 PAB . Similarly, B/.1 PAB can be traded for 17,907.28 BIDR, and B/.50 PAB can be converted to 895,363.84 BIDR, excluding any platform or gas fees.
The exchange rate of 1 BIDR to Panamanian Balboa has changed by -17.25% in the last 7 days. In the last 24 hours, the rate has fluctuated by +21.41%, reaching a high of 0.{4}5608 PAB and a low of 0.{4}4539 PAB . One month ago, the value of 1 BIDR was B/. 0.{4}6403 PAB , which represents a -12.79% change from its current value. Over the last year, BIDR has changed by , resulting in a change of -14.15% in its value.
-B/.
0.{5}9207PABBIDR to PAB
Amount
23:15 today
0.5 BIDR
B/.0.{4}2792
1 BIDR
B/.0.{4}5584
5 BIDR
B/.0.0002792
10 BIDR
B/.0.0005584
50 BIDR
B/.0.002792
100 BIDR
B/.0.005584
500 BIDR
B/.0.02792
1000 BIDR
B/.0.05584
PAB to BIDR
Amount23:15 today
0.5PAB8,953.64 BIDR
1PAB17,907.28 BIDR
5PAB89,536.38 BIDR
10PAB179,072.77 BIDR
50PAB895,363.84 BIDR
100PAB1,790,727.68 BIDR
500PAB8,953,638.42 BIDR
1000PAB17,907,276.84 BIDR
Today vs. 24 hours ago
| Amount | 23:15 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BIDR | $0.{4}2792 | $0.{4}2300 | +21.41% |
| 1 BIDR | $0.{4}5584 | $0.{4}4600 | +21.41% |
| 5 BIDR | $0.0002792 | $0.0002300 | +21.41% |
| 10 BIDR | $0.0005584 | $0.0004600 | +21.41% |
| 50 BIDR | $0.002792 | $0.002300 | +21.41% |
| 100 BIDR | $0.005584 | $0.004600 | +21.41% |
| 500 BIDR | $0.02792 | $0.02300 | +21.41% |
| 1000 BIDR | $0.05584 | $0.04600 | +21.41% |
Today vs. 1 month ago
| Amount | 23:15 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BIDR | $0.{4}2792 | $0.{4}3202 | -12.79% |
| 1 BIDR | $0.{4}5584 | $0.{4}6403 | -12.79% |
| 5 BIDR | $0.0002792 | $0.0003202 | -12.79% |
| 10 BIDR | $0.0005584 | $0.0006403 | -12.79% |
| 50 BIDR | $0.002792 | $0.003202 | -12.79% |
| 100 BIDR | $0.005584 | $0.006403 | -12.79% |
| 500 BIDR | $0.02792 | $0.03202 | -12.79% |
| 1000 BIDR | $0.05584 | $0.06403 | -12.79% |
Today vs. 1 year ago
| Amount | 23:15 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BIDR | $0.{4}2792 | $0.{4}3253 | -14.15% |
| 1 BIDR | $0.{4}5584 | $0.{4}6505 | -14.15% |
| 5 BIDR | $0.0002792 | $0.0003253 | -14.15% |
| 10 BIDR | $0.0005584 | $0.0006505 | -14.15% |
| 50 BIDR | $0.002792 | $0.003253 | -14.15% |
| 100 BIDR | $0.005584 | $0.006505 | -14.15% |
| 500 BIDR | $0.02792 | $0.03253 | -14.15% |
| 1000 BIDR | $0.05584 | $0.06505 | -14.15% |
BIDR price prediction
What will the price of BIDR be in 2025?
Based on BIDR's historical price performance prediction model, the price of BIDR is projected to reach $0.{4}8202 in 2025.
What will the price of BIDR be in 2030?
In 2030, the BIDR price is expected to change by -8.00%. By the end of 2030, the BIDR price is projected to reach $0.0001096, with a cumulative ROI of +138.23%.
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Popular BIDR conversions
Check out these popular currency conversions of BIDR to several fiat currencies.
BIDR to USD
1 BIDR to $ 0.{4}5584 USD
BIDR to GBP
1 BIDR to £ 0.{4}4445 GBP
BIDR to EUR
1 BIDR to € 0.{4}5354 EUR
BIDR to KRW
1 BIDR to ₩ 0.08076 KRW
BIDR to CAD
1 BIDR to $ 0.{4}8025 CAD
BIDR to AUD
1 BIDR to $ 0.{4}8925 AUD
BIDR to JPY
1 BIDR to ¥ 0.008736 JPY
BIDR to BRL
1 BIDR to R$ 0.0003399 BRL
BIDR to CNY
1 BIDR to ¥ 0.0004074 CNY
BIDR to TWD
1 BIDR to NT$ 0.001822 TWD
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in BIDR.
Hive to PAB
1 HIVE to B/. 0.3528 PAB
Peanut the Squirrel to PAB
1 PNUT to B/. 0.7088 PAB
Bitcoin to PAB
1 BTC to B/. 95,398.55 PAB
BitTorrent [New] to PAB
1 BTT to B/. 0.{5}1139 PAB
![other assets BitTorrent [New]](https://img.bitgetimg.com/multiLang/coinPriceLogo/c87b5c29752b2123cca40f4dd2c6b6501710522527061.png)
Steem to PAB
1 STEEM to B/. 0.2275 PAB
Just a chill guy to PAB
1 CHILLGUY to B/. 0.1864 PAB
FTX Token to PAB
1 FTT to B/. 2.94 PAB
Livepeer to PAB
1 LPT to B/. 16.17 PAB
Verge to PAB
1 XVG to B/. 0.01330 PAB
LUCE to PAB
1 LUCE to B/. 0.08549 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 BIDR 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 BIDR 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 BIDR 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.
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.
