PRL
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 The Parallel(PRL) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 PRL at a value of 1 PRL 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 The Parallel currency pair is the PRL to PAB, with for The Parallel's currency code being PRL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
PRL to PAB conversion rate trend
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In the past 1D, The Parallel has changed -0.00% to PAB. Based on the trend and price charts, The Parallel(PRL) has changed -0.00% to PAB while Panamanian Balboa(PAB) has changed % to PRL in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.0005834 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/19 08:34:19(UTC+0)
How to buy The Parallel
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Buy The Parallel (PRL)
Use a variety of payment options to buy The Parallel on Bitget. We'll show you how.
Buy PRL (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of PRL with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy PRL 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 PRL (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of PRL to PAB. However, you can first exchange PRL 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 The Parallel to Panamanian Balboa?
The Parallel to Panamanian Balboa is rising this week.The Parallel's current market price is B/. 0.0005834 per PRL, with a total market cap of B/. 0 PAB based on a circulating supply of -- PRL. The trading volume of The Parallel has changed by -100.00% (B/. -- PAB) in the last 24 hours. Last trading day, PRL's trading volume was B/. --.
Market cap
$0
24h volume
$0
Circulating supply
0 PRL
Conversion tables
The exchange rate of The Parallel is increasing.1 PRL is currently valued at B/. 0.0005834 PAB , which means buying 5 PRL will cost B/. 0.002917 PAB . Similarly, B/.1 PAB can be traded for 1,714 PRL, and B/.50 PAB can be converted to 85,699.86 PRL, excluding any platform or gas fees.
The exchange rate of 1 PRL to Panamanian Balboa has changed by +1.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.00%, reaching a high of 0.0005834 PAB and a low of 0.0005834 PAB . One month ago, the value of 1 PRL was B/. 0.0005802 PAB , which represents a +0.55% change from its current value. Over the last year, The Parallel has changed by , resulting in a change of -29.62% in its value.
-B/.
0.0002455PABPRL to PAB
Amount
15:18 today
0.5 PRL
B/.0.0002917
1 PRL
B/.0.0005834
5 PRL
B/.0.002917
10 PRL
B/.0.005834
50 PRL
B/.0.02917
100 PRL
B/.0.05834
500 PRL
B/.0.2917
1000 PRL
B/.0.5834
PAB to PRL
Amount15:18 today
0.5PAB857 PRL
1PAB1,714 PRL
5PAB8,569.99 PRL
10PAB17,139.97 PRL
50PAB85,699.86 PRL
100PAB171,399.73 PRL
500PAB856,998.64 PRL
1000PAB1,713,997.27 PRL
Today vs. 24 hours ago
| Amount | 15:18 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PRL | $0.0002917 | $0.0002917 | -0.00% |
| 1 PRL | $0.0005834 | $0.0005834 | -0.00% |
| 5 PRL | $0.002917 | $0.002917 | -0.00% |
| 10 PRL | $0.005834 | $0.005834 | -0.00% |
| 50 PRL | $0.02917 | $0.02917 | -0.00% |
| 100 PRL | $0.05834 | $0.05834 | -0.00% |
| 500 PRL | $0.2917 | $0.2917 | -0.00% |
| 1000 PRL | $0.5834 | $0.5834 | -0.00% |
Today vs. 1 month ago
| Amount | 15:18 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PRL | $0.0002917 | $0.0002901 | +0.55% |
| 1 PRL | $0.0005834 | $0.0005802 | +0.55% |
| 5 PRL | $0.002917 | $0.002901 | +0.55% |
| 10 PRL | $0.005834 | $0.005802 | +0.55% |
| 50 PRL | $0.02917 | $0.02901 | +0.55% |
| 100 PRL | $0.05834 | $0.05802 | +0.55% |
| 500 PRL | $0.2917 | $0.2901 | +0.55% |
| 1000 PRL | $0.5834 | $0.5802 | +0.55% |
Today vs. 1 year ago
| Amount | 15:18 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PRL | $0.0002917 | $0.0004145 | -29.62% |
| 1 PRL | $0.0005834 | $0.0008289 | -29.62% |
| 5 PRL | $0.002917 | $0.004145 | -29.62% |
| 10 PRL | $0.005834 | $0.008289 | -29.62% |
| 50 PRL | $0.02917 | $0.04145 | -29.62% |
| 100 PRL | $0.05834 | $0.08289 | -29.62% |
| 500 PRL | $0.2917 | $0.4145 | -29.62% |
| 1000 PRL | $0.5834 | $0.8289 | -29.62% |
The Parallel price prediction
What will the price of PRL be in 2025?
Based on PRL's historical price performance prediction model, the price of PRL is projected to reach $0.0007445 in 2025.
What will the price of PRL be in 2030?
In 2030, the PRL price is expected to change by +9.00%. By the end of 2030, the PRL price is projected to reach $0.001476, with a cumulative ROI of +152.98%.
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Popular The Parallel conversions
Check out these popular currency conversions of The Parallel to several fiat currencies.
The Parallel to USD
1 PRL to $ 0.0005834 USD
The Parallel to GBP
1 PRL to £ 0.0004625 GBP
The Parallel to EUR
1 PRL to € 0.0005610 EUR
The Parallel to KRW
1 PRL to ₩ 0.8447 KRW
The Parallel to CAD
1 PRL to $ 0.0008378 CAD
The Parallel to AUD
1 PRL to $ 0.0009333 AUD
The Parallel to JPY
1 PRL to ¥ 0.09150 JPY
The Parallel to BRL
1 PRL to R$ 0.003669 BRL
The Parallel to CNY
1 PRL to ¥ 0.004262 CNY
The Parallel to TWD
1 PRL to NT$ 0.01905 TWD
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in The Parallel.
Bitcoin to PAB
1 BTC to B/. 100,490.34 PAB
Ethereum to PAB
1 ETH to B/. 3,612.46 PAB
Fuel Network to PAB
1 FUEL to B/. 0.06140 PAB
XRP to PAB
1 XRP to B/. 2.31 PAB
Movement to PAB
1 MOVE to B/. 0.7437 PAB
Dogecoin to PAB
1 DOGE to B/. 0.3513 PAB
Bitget Token to PAB
1 BGB to B/. 4.42 PAB
Pepe to PAB
1 PEPE to B/. 0.{4}1890 PAB
Solana to PAB
1 SOL to B/. 204.54 PAB
BNB to PAB
1 BNB to B/. 687.63 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 The Parallel 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 The Parallel 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 The Parallel 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.
