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.
COLX to PAB conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | B/.0.0009846 | 0.0200% / 0.0320%VIP 7 |
How to buy ColossusXT
Buy COLX (or USDT) for PAB (Panamanian Balboa) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
E EVOLUTION_EXC 1908 trades|Completion rate 100.00% | 16312 IDR | Amount1810.56 USDT Limit10000000 - 29400000 IDR | ||
O OKE_EXC 1393 trades|Completion rate 100.00% | 16312 IDR | Amount1420 USDT Limit3000000 - 23000000 IDR | ||
S SKY-EXCHANGER 1558 trades|Completion rate 100.00% | 16312 IDR | Amount413.17 USDT Limit3000000 - 6000000 IDR | ||
R Richman_bit 277 trades|Completion rate 98.00% | 16312 IDR | Amount5111 USDT Limit5000000 - 83000000 IDR | ||
C CEBELION EXC 1933 trades|Completion rate 100.00% | 16306 IDR | Amount57624.91 USDT Limit2000000 - 50000000 IDR |
Sell COLX (or USDT) for PAB (Panamanian Balboa) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
E EVOLUTION_EXC 1908 trades|Completion rate 100.00% | 16312 IDR | Amount1810.56 USDT Limit10000000 - 29400000 IDR | ||
O OKE_EXC 1393 trades|Completion rate 100.00% | 16312 IDR | Amount1420 USDT Limit3000000 - 23000000 IDR | ||
S SKY-EXCHANGER 1558 trades|Completion rate 100.00% | 16312 IDR | Amount413.17 USDT Limit3000000 - 6000000 IDR | ||
R Richman_bit 277 trades|Completion rate 98.00% | 16312 IDR | Amount5111 USDT Limit5000000 - 83000000 IDR | ||
C CEBELION EXC 1933 trades|Completion rate 100.00% | 16306 IDR | Amount57624.91 USDT Limit2000000 - 50000000 IDR |
What factors influence the conversion rate of ColossusXT to Panamanian Balboa?
ColossusXT to Panamanian Balboa is falling this week.Conversion tables
The exchange rate of ColossusXT is decreasing.COLX to PAB
PAB to COLX
Today vs. 24 hours ago
Amount | 20:53 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 COLX | $0.0004923 | $0.0004923 | -0.00% |
1 COLX | $0.0009846 | $0.0009846 | -0.00% |
5 COLX | $0.004923 | $0.004923 | -0.00% |
10 COLX | $0.009846 | $0.009846 | -0.00% |
50 COLX | $0.04923 | $0.04923 | -0.00% |
100 COLX | $0.09846 | $0.09846 | -0.00% |
500 COLX | $0.4923 | $0.4923 | -0.00% |
1000 COLX | $0.9846 | $0.9846 | -0.00% |
Today vs. 1 month ago
Amount | 20:53 today | 1 month ago | 1M change |
---|---|---|---|
0.5 COLX | $0.0004923 | $0.0004923 | -0.00% |
1 COLX | $0.0009846 | $0.0009846 | -0.00% |
5 COLX | $0.004923 | $0.004923 | -0.00% |
10 COLX | $0.009846 | $0.009846 | -0.00% |
50 COLX | $0.04923 | $0.04923 | -0.00% |
100 COLX | $0.09846 | $0.09846 | -0.00% |
500 COLX | $0.4923 | $0.4923 | -0.00% |
1000 COLX | $0.9846 | $0.9846 | -0.00% |
Today vs. 1 year ago
Amount | 20:53 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 COLX | $0.0004923 | $0.0002143 | +129.70% |
1 COLX | $0.0009846 | $0.0004286 | +129.70% |
5 COLX | $0.004923 | $0.002143 | +129.70% |
10 COLX | $0.009846 | $0.004286 | +129.70% |
50 COLX | $0.04923 | $0.02143 | +129.70% |
100 COLX | $0.09846 | $0.04286 | +129.70% |
500 COLX | $0.4923 | $0.2143 | +129.70% |
1000 COLX | $0.9846 | $0.4286 | +129.70% |
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