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PRMX to PAB Converter and calculator

PRMX/PAB: 1 PRMX = 0.{6}5103 PAB. The price of converting 1 PREMA (PRMX) to Panamanian Balboa (PAB) is 0.{6}5103 PAB today.
PRMX
PRMX
PAB
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PRMX to PAB real-time exchange rates, making it easy to convert PREMA (PRMX) to Panamanian Balboa (PAB). The conversion result is based on real-time data. The conversion result shows that 1 PRMX is currently valued at 0.00 PAB. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PRMX is currently valued at 0.00 PAB, which means buying 5 PRMX would cost 0.00 PAB. Similarly, B/.1 PAB can be converted to 1,959,535.01 PRMX, and B/.50 PAB can be converted to 9,797,675.07 PRMX, excluding any platform or gas fees.

Convert PRMX to PAB

Convert PAB to PRMX

PREMA
Panamanian Balboa
1 PRMX
0.{6}5103  PAB
2 PRMX
0.{5}1021  PAB
5 PRMX
0.{5}2552  PAB
10 PRMX
0.{5}5103  PAB
20 PRMX
0.{4}1021  PAB
50 PRMX
0.{4}2552  PAB
100 PRMX
0.{4}5103  PAB
200 PRMX
0.0001021  PAB
500 PRMX
0.0002552  PAB
1000 PRMX
0.0005103  PAB
5000 PRMX
0.002552  PAB
10000 PRMX
0.005103  PAB
In the table above, you'll find a comprehensive PRMX to PAB converter that shows the value of PREMA in Panamanian Balboa across commonly used conversion amounts. The list covers conversions from 1 PRMX to PAB, all the way up to 10000 PRMX, providing a clear view of their respective values.
Panamanian Balboa
PREMA
1 PAB
1,959,535.01 PRMX
10 PAB
19,595,350.14 PRMX
50 PAB
97,976,750.7 PRMX
100 PAB
195,953,501.41 PRMX
200 PAB
391,907,002.82 PRMX
500 PAB
979,767,507.05 PRMX
1000 PAB
1,959,535,014.1 PRMX
2000 PAB
3,919,070,028.2 PRMX
5000 PAB
9,797,675,070.49 PRMX
10000 PAB
19,595,350,140.98 PRMX
50000 PAB
97,976,750,704.92 PRMX
100000 PAB
195,953,501,409.84 PRMX
In the table above, you'll find a comprehensive PAB to PRMX converter that shows the value of Panamanian Balboa in PREMA across commonly used conversion amounts. The list covers conversions from 1 PAB to PRMX, all the way up to 100000 PAB, providing a clear view of their respective values.

PRMX to PAB chart

PRMX/PAB: 1 PRMX = 0.{6}5103 PAB; 2025/04/27 02:03:00
In the past 1D, PREMA has changed +19.30% to PAB. Based on the trend and price charts, PREMA(PRMX) has changed +19.30% to PAB while Panamanian Balboa(PAB) has changed % to PRMX in the last 24 hours.
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PRMX to PAB conversion data: Volatility and price changes of PREMA in PAB

The highest PREMA price in PAB over the past 7 days was 0.{6}5800 PAB while the lowest PREMA price in PAB over the past 7 days was 0.{6}4000 PAB. The relative change between the highs and lows in PREMA price in PAB over the last 7 days indicates a volatility of %. You can view additional volatility data and PRMX to PAB prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.{6}5458 PAB
0.{6}5800 PAB
0.{6}5800 PAB
0.{6}7004 PAB
Low
0.{6}4269 PAB
0.{6}4000 PAB
0.{6}3594 PAB
0.{6}3398 PAB
Average
0 PAB
0 PAB
0 PAB
0 PAB
Volatility
%
%
%
%
Change
+19.30%
+23.18%
+24.51%
-15.15%

PREMA information

PRMX to PAB market statistics

PRMX/PAB:
B/.0.{6}5103
PRMX 24h volume:
B/.14,938.47
PRMX market cap:
B/.147.14
PRMX circulating supply:
288.32M PRMX

Current PRMX to PAB exchange rate

PREMA to Panamanian Balboa is rising this week.
PREMA's current market price is B/.0.{6}5103 per PRMX, with a total market cap of B/.147.14 PAB based on a circulating supply of 288,322,100 PRMX. The trading volume of PREMA has changed by -3.26% (B/.-502.86 PAB) in the last 24 hours. Last trading day, PRMX's trading volume was B/.15,441.33.

More info about PREMA 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.

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.

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How to convert PRMX to PAB

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PRMX to PAB Conversion tables

The exchange rate of PREMA is increasing.
The exchange rate of 1 PRMX to Panamanian Balboa has changed by +23.18% in the last 7 days. In the last 24 hours, the rate has fluctuated by +19.30%, reaching a high of 0.{6}5458 PAB and a low of 0.{6}4269 PAB . One month ago, the value of 1 PRMX was B/.0.{6}4099 PAB , which represents a +24.51% change from its current value. Over the last year, PREMA has changed by
-B/.
0.{6}9084PAB
, resulting in a change of -64.03% in its value.
24 hours ago1 month ago1 year ago
Amount02:03 am today24 hours ago24h change
0.5 PRMXB/.0.{6}2552B/.0.{6}2139
+19.30%
1 PRMXB/.0.{6}5103B/.0.{6}4278
+19.30%
5 PRMXB/.0.{5}2552B/.0.{5}2139
+19.30%
10 PRMXB/.0.{5}5103B/.0.{5}4278
+19.30%
50 PRMXB/.0.{4}2552B/.0.{4}2139
+19.30%
100 PRMXB/.0.{4}5103B/.0.{4}4278
+19.30%
500 PRMXB/.0.0002552B/.0.0002139
+19.30%
1000 PRMXB/.0.0005103B/.0.0004278
+19.30%

PRMX to PAB FAQ

How much is 1 PREMA in PAB?
Right now, the price of 1 PREMA (PRMX) in Panamanian Balboa (PAB) is B/.0.{6}5103.
How much PRMX can I buy for 1 PAB?
Based on the current exchange rate, you can get 1,959,535.01 PRMX for 1 PAB.
How do I calculate or convert PRMX to PAB?
You can use our PRMX to PAB calculator at the top of this page to convert any amount of PRMX to PAB. We've also included quick-reference tables for the most popular conversions. For example, 5 PAB is equivalent to 9,797,675.07 PRMX, while 5 PRMX will cost around 0.{5}2552PAB.
What is the highest price of PRMX/PAB in history?
The all-time high price of 1 PRMX in PAB is B/.0.1325. It remains to be seen if the value of 1 PRMX/PAB will exceed the current all-time high.
What is the price trend of PREMA in PAB?
Over the past 7 days, the exchange rate of PREMA (PRMX) has gone up by 23.18%.   Over the last month, the exchange rate of PREMA (PRMX) has gone up by 24.51% against Panamanian Balboa (PAB).

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.
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.

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