OCT
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 Octopus Network(OCT) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 OCT at a value of 1 OCT for 0.13 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 Octopus Network currency pair is the OCT to PAB, with for Octopus Network's currency code being OCT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
OCT to PAB conversion rate trend
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In the past 1D, Octopus Network has changed +5.26% to PAB. Based on the trend and price charts, Octopus Network(OCT) has changed +5.26% to PAB while Panamanian Balboa(PAB) has changed % to OCT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.1265 | 0.0200% / 0.0320%  VIP 7 | |
Huobi | B/.0.1621 | 0.1000% / 0.1000% | Yes |
Gate.io | B/.0.1280 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 16:00:12(UTC+0)
How to buy Octopus Network
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Octopus Network (OCT)
Use a variety of payment options to buy Octopus Network on Bitget. We'll show you how.
Buy OCT (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of OCT with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy OCT 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 OCT (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of OCT to PAB. However, you can first exchange OCT for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
No matching ads found.
What factors influence the conversion rate of Octopus Network to Panamanian Balboa?
Octopus Network to Panamanian Balboa is falling this week.Octopus Network's current market price is B/. 0.1350 per OCT, with a total market cap of B/. 0 PAB based on a circulating supply of -- OCT. The trading volume of Octopus Network has changed by +67.70% (B/. 60,979.07 PAB) in the last 24 hours. Last trading day, OCT's trading volume was B/. 90,070.36.
Market cap
$0
24h volume
$151.05K
Circulating supply
0 OCT
Conversion tables
The exchange rate of Octopus Network is increasing.1 OCT is currently valued at B/. 0.1350 PAB , which means buying 5 OCT will cost B/. 0.6748 PAB . Similarly, B/.1 PAB can be traded for 7.41 OCT, and B/.50 PAB can be converted to 370.5 OCT, excluding any platform or gas fees.
The exchange rate of 1 OCT to Panamanian Balboa has changed by -23.25% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.26%, reaching a high of 0.1366 PAB and a low of 0.1245 PAB . One month ago, the value of 1 OCT was B/. 0.1314 PAB , which represents a +2.68% change from its current value. Over the last year, Octopus Network has changed by , resulting in a change of -59.94% in its value.
-B/.
0.2019PABOCT to PAB
Amount
21:23 today
0.5 OCT
B/.0.06748
1 OCT
B/.0.1350
5 OCT
B/.0.6748
10 OCT
B/.1.35
50 OCT
B/.6.75
100 OCT
B/.13.5
500 OCT
B/.67.48
1000 OCT
B/.134.95
PAB to OCT
Amount21:23 today
0.5PAB3.7 OCT
1PAB7.41 OCT
5PAB37.05 OCT
10PAB74.1 OCT
50PAB370.5 OCT
100PAB740.99 OCT
500PAB3,704.96 OCT
1000PAB7,409.91 OCT
Today vs. 24 hours ago
| Amount | 21:23 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 OCT | $0.06748 | $0.06410 | +5.26% |
| 1 OCT | $0.1350 | $0.1282 | +5.26% |
| 5 OCT | $0.6748 | $0.6410 | +5.26% |
| 10 OCT | $1.35 | $1.28 | +5.26% |
| 50 OCT | $6.75 | $6.41 | +5.26% |
| 100 OCT | $13.5 | $12.82 | +5.26% |
| 500 OCT | $67.48 | $64.1 | +5.26% |
| 1000 OCT | $134.95 | $128.21 | +5.26% |
Today vs. 1 month ago
| Amount | 21:23 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 OCT | $0.06748 | $0.06572 | +2.68% |
| 1 OCT | $0.1350 | $0.1314 | +2.68% |
| 5 OCT | $0.6748 | $0.6572 | +2.68% |
| 10 OCT | $1.35 | $1.31 | +2.68% |
| 50 OCT | $6.75 | $6.57 | +2.68% |
| 100 OCT | $13.5 | $13.14 | +2.68% |
| 500 OCT | $67.48 | $65.72 | +2.68% |
| 1000 OCT | $134.95 | $131.44 | +2.68% |
Today vs. 1 year ago
| Amount | 21:23 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 OCT | $0.06748 | $0.1684 | -59.94% |
| 1 OCT | $0.1350 | $0.3369 | -59.94% |
| 5 OCT | $0.6748 | $1.68 | -59.94% |
| 10 OCT | $1.35 | $3.37 | -59.94% |
| 50 OCT | $6.75 | $16.84 | -59.94% |
| 100 OCT | $13.5 | $33.69 | -59.94% |
| 500 OCT | $67.48 | $168.44 | -59.94% |
| 1000 OCT | $134.95 | $336.88 | -59.94% |
Octopus Network price prediction
What will the price of OCT be in 2025?
Based on OCT's historical price performance prediction model, the price of OCT is projected to reach $0.2209 in 2025.
What will the price of OCT be in 2030?
In 2030, the OCT price is expected to change by -18.00%. By the end of 2030, the OCT price is projected to reach $0.2724, with a cumulative ROI of +108.23%.
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Popular Octopus Network conversions
Check out these popular currency conversions of Octopus Network to several fiat currencies.
Octopus Network to USD
1 OCT to $ 0.1350 USD
Octopus Network to GBP
1 OCT to £ 0.1074 GBP
Octopus Network to EUR
1 OCT to € 0.1294 EUR
Octopus Network to KRW
1 OCT to ₩ 195.2 KRW
Octopus Network to CAD
1 OCT to $ 0.1938 CAD
Octopus Network to AUD
1 OCT to $ 0.2155 AUD
Octopus Network to JPY
1 OCT to ¥ 21.11 JPY
Octopus Network to BRL
1 OCT to R$ 0.8213 BRL
Octopus Network to CNY
1 OCT to ¥ 0.9848 CNY
Octopus Network to TWD
1 OCT to NT$ 4.4 TWD
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in Octopus Network.
Hive to PAB
1 HIVE to B/. 0.3948 PAB
Peanut the Squirrel to PAB
1 PNUT to B/. 0.7180 PAB
BitTorrent [New] to PAB
1 BTT to B/. 0.{5}1123 PAB
![other assets BitTorrent [New]](https://img.bitgetimg.com/multiLang/coinPriceLogo/c87b5c29752b2123cca40f4dd2c6b6501710522527061.png)
FTX Token to PAB
1 FTT to B/. 2.89 PAB
Just a chill guy to PAB
1 CHILLGUY to B/. 0.1849 PAB
Steem to PAB
1 STEEM to B/. 0.2326 PAB
Bitcoin to PAB
1 BTC to B/. 95,565.55 PAB
Livepeer to PAB
1 LPT to B/. 15.5 PAB
LUCE to PAB
1 LUCE to B/. 0.09019 PAB
Shoggoth (shoggoth.monster) to PAB
1 SHOGGOTH to B/. 0.04870 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 Octopus Network 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 Octopus Network 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 Octopus Network 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.
