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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.28%
New listings on Bitget: Pi Network
BTC/USDT$81408.02 (-1.42%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$93.2M (1D); +$445.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.28%
New listings on Bitget: Pi Network
BTC/USDT$81408.02 (-1.42%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$93.2M (1D); +$445.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
PRMX
PAB
Last updated as of 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 PREMA(PRMX) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 PRMX at a value of 1 PRMX 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 PREMA currency pair is the PRMX to PAB, with for PREMA's currency code being PRMX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
PRMX to PAB conversion rate trend
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In the past 1D, PREMA has changed +28.72% to PAB. Based on the trend and price charts, PREMA(PRMX) has changed +28.72% to PAB while Panamanian Balboa(PAB) has changed % to PRMX in the last 24 hours.
PRMX to PAB market statistics
PRMX/PAB:
B/. 0.{6}5135
PRMX 24h volume:
B/. 8,418.45
PRMX market cap:
B/. 148.04
PRMX circulating supply:
288.32M PRMX
More info about PREMA on Bitget
Current PRMX to PAB exchange rate
PREMA to Panamanian Balboa is rising this week.PREMA's current market price is B/. 0.{6}5135 per PRMX, with a total market cap of B/. 148.04 PAB based on a circulating supply of 288,322,100 PRMX. The trading volume of PREMA has changed by +932.47% (B/. 7,603.08 PAB) in the last 24 hours. Last trading day, PRMX's trading volume was B/. 815.37.
PRMX to PAB Conversion tables
The exchange rate of PREMA is decreasing.1 PRMX is currently valued at B/. 0.{6}5135 PAB , which means buying 5 PRMX will cost B/. 0.{5}2567 PAB . Similarly, B/.1 PAB can be traded for 1,947,539.52 PRMX, and B/.50 PAB can be converted to 97,376,975.88 PRMX, excluding any platform or gas fees.
The exchange rate of 1 PRMX to Panamanian Balboa has changed by +38.26% in the last 7 days. In the last 24 hours, the rate has fluctuated by +28.72%, reaching a high of 0.{6}5446 PAB and a low of 0.{6}3863 PAB . One month ago, the value of 1 PRMX was B/. 0.{6}5297 PAB , which represents a -3.07% change from its current value. Over the last year, PREMA has changed by , resulting in a change of -82.25% in its value.
-B/.
0.{5}2380PABPRMX to PAB
Amount
00:43 am today
0.5 PRMX
B/.0.{6}2567
1 PRMX
B/.0.{6}5135
5 PRMX
B/.0.{5}2567
10 PRMX
B/.0.{5}5135
50 PRMX
B/.0.{4}2567
100 PRMX
B/.0.{4}5135
500 PRMX
B/.0.0002567
1000 PRMX
B/.0.0005135
PAB to PRMX
Amount00:43 am today
0.5PAB973,769.76 PRMX
1PAB1,947,539.52 PRMX
5PAB9,737,697.59 PRMX
10PAB19,475,395.18 PRMX
50PAB97,376,975.88 PRMX
100PAB194,753,951.75 PRMX
500PAB973,769,758.76 PRMX
1000PAB1,947,539,517.52 PRMX
PRMX to PAB Today vs. 24 hours ago
| Amount | 00:43 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PRMX | B/.0.{6}2567 | B/.0.{6}1995 | +28.72% |
| 1 PRMX | B/.0.{6}5135 | B/.0.{6}3989 | +28.72% |
| 5 PRMX | B/.0.{5}2567 | B/.0.{5}1995 | +28.72% |
| 10 PRMX | B/.0.{5}5135 | B/.0.{5}3989 | +28.72% |
| 50 PRMX | B/.0.{4}2567 | B/.0.{4}1995 | +28.72% |
| 100 PRMX | B/.0.{4}5135 | B/.0.{4}3989 | +28.72% |
| 500 PRMX | B/.0.0002567 | B/.0.0001995 | +28.72% |
| 1000 PRMX | B/.0.0005135 | B/.0.0003989 | +28.72% |
PRMX to PAB Today vs. 1 month ago
| Amount | 00:43 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PRMX | B/.0.{6}2567 | B/.0.{6}2649 | -3.07% |
| 1 PRMX | B/.0.{6}5135 | B/.0.{6}5297 | -3.07% |
| 5 PRMX | B/.0.{5}2567 | B/.0.{5}2649 | -3.07% |
| 10 PRMX | B/.0.{5}5135 | B/.0.{5}5297 | -3.07% |
| 50 PRMX | B/.0.{4}2567 | B/.0.{4}2649 | -3.07% |
| 100 PRMX | B/.0.{4}5135 | B/.0.{4}5297 | -3.07% |
| 500 PRMX | B/.0.0002567 | B/.0.0002649 | -3.07% |
| 1000 PRMX | B/.0.0005135 | B/.0.0005297 | -3.07% |
PRMX to PAB Today vs. 1 year ago
| Amount | 00:43 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PRMX | B/.0.{6}2567 | B/.0.{5}1447 | -82.25% |
| 1 PRMX | B/.0.{6}5135 | B/.0.{5}2893 | -82.25% |
| 5 PRMX | B/.0.{5}2567 | B/.0.{4}1447 | -82.25% |
| 10 PRMX | B/.0.{5}5135 | B/.0.{4}2893 | -82.25% |
| 50 PRMX | B/.0.{4}2567 | B/.0.0001447 | -82.25% |
| 100 PRMX | B/.0.{4}5135 | B/.0.0002893 | -82.25% |
| 500 PRMX | B/.0.0002567 | B/.0.001447 | -82.25% |
| 1000 PRMX | B/.0.0005135 | B/.0.002893 | -82.25% |
How to convert PRMX to PAB
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Convert PRMX to PAB
Use a variety of payment options to buy PREMA on Bitget. We'll show you how.
Buy PRMX (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of PRMX with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy PRMX 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 PRMX (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of PRMX to PAB. However, you can first exchange PRMX 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 |
|---|
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What factors influence the conversion rate of PRMX to PAB?
There are many factors that affect the relationship between PREMA and Panamanian Balboa, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of PRMX/PAB. When there is positive news in the market about the widespread adoption of PRMX or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PRMX/PAB. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PRMX/PAB.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of PRMX/PAB. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of PREMA and adjust their investment strategies accordingly in the evolving market.
PREMA price prediction
What will the price of PRMX be in 2026?
Based on PRMX's historical price performance prediction model, the price of PRMX is projected to reach $0.{6}4701 in 2026.
What will the price of PRMX be in 2031?
In 2031, the PRMX price is expected to change by -1.00%. By the end of 2031, the PRMX price is projected to reach $0.{5}1282, with a cumulative ROI of +199.89%.
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Popular PREMA Converter
Check out these popular currency conversions of PREMA to several fiat currencies.
PRMX to TWD
1 PRMX to NT$ 0.{4}1705 TWD
PRMX to CNY
1 PRMX to ¥ 0.{5}3732 CNY
PRMX to USD
1 PRMX to $ 0.{6}5135 USD
PRMX to PAB
1 PRMX to B/. 0.{6}5135 PAB
PRMX to EUR
1 PRMX to € 0.{6}4742 EUR
PRMX to CAD
1 PRMX to $ 0.{6}7350 CAD
PRMX to KRW
1 PRMX to ₩ 0.0007550 KRW
PRMX to JPY
1 PRMX to ¥ 0.{4}7671 JPY
PRMX to GBP
1 PRMX to £ 0.{6}3969 GBP
PRMX to BRL
1 PRMX to R$ 0.{5}2957 BRL
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in PREMA.
CORE to PAB
1 CORE to B/. 0.4855 PAB
ALPACA to PAB
1 ALPACA to B/. 0.05687 PAB
X to PAB
1 X to B/. 0.{4}8196 PAB
EOS to PAB
1 EOS to B/. 0.6027 PAB
PNUT to PAB
1 PNUT to B/. 0.1782 PAB
CRO to PAB
1 CRO to B/. 0.1010 PAB
UFT to PAB
1 UFT to B/. 0.07858 PAB
ZRO to PAB
1 ZRO to B/. 2.86 PAB
KILO to PAB
1 KILO to B/. 0.1031 PAB
MAVIA to PAB
1 MAVIA to B/. 0.4397 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 PREMA 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 PREMA 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 PREMA 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.
