LUM
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 Lum Network(LUM) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 LUM at a value of 1 LUM 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 Lum Network currency pair is the LUM to PAB, with for Lum Network's currency code being LUM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
LUM to PAB conversion rate trend
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In the past 1D, Lum Network has changed +7.38% to PAB. Based on the trend and price charts, Lum Network(LUM) has changed +7.38% to PAB while Panamanian Balboa(PAB) has changed % to LUM in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.{4}7664 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/09 16:34:12(UTC+0)
How to buy Lum Network
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Buy Lum Network (LUM)
Use a variety of payment options to buy Lum Network on Bitget. We'll show you how.
Buy LUM (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of LUM with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy LUM 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 LUM (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of LUM to PAB. However, you can first exchange LUM 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 Lum Network to Panamanian Balboa?
Lum Network to Panamanian Balboa is falling this week.Lum Network's current market price is B/. 0.{4}7664 per LUM, with a total market cap of B/. 0 PAB based on a circulating supply of -- LUM. The trading volume of Lum Network has changed by -63.52% (B/. -386.43 PAB) in the last 24 hours. Last trading day, LUM's trading volume was B/. 608.33.
Market cap
$0
24h volume
$221.89888628
Circulating supply
0 LUM
Conversion tables
The exchange rate of Lum Network is decreasing.1 LUM is currently valued at B/. 0.{4}7664 PAB , which means buying 5 LUM will cost B/. 0.0003832 PAB . Similarly, B/.1 PAB can be traded for 13,047.98 LUM, and B/.50 PAB can be converted to 652,399.22 LUM, excluding any platform or gas fees.
The exchange rate of 1 LUM to Panamanian Balboa has changed by -16.73% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.38%, reaching a high of 0.{4}7726 PAB and a low of 0.{4}7138 PAB . One month ago, the value of 1 LUM was B/. 0.{4}9630 PAB , which represents a -20.42% change from its current value. Over the last year, Lum Network has changed by , resulting in a change of -75.36% in its value.
-B/.
0.0002344PABLUM to PAB
Amount
23:11 today
0.5 LUM
B/.0.{4}3832
1 LUM
B/.0.{4}7664
5 LUM
B/.0.0003832
10 LUM
B/.0.0007664
50 LUM
B/.0.003832
100 LUM
B/.0.007664
500 LUM
B/.0.03832
1000 LUM
B/.0.07664
PAB to LUM
Amount23:11 today
0.5PAB6,523.99 LUM
1PAB13,047.98 LUM
5PAB65,239.92 LUM
10PAB130,479.84 LUM
50PAB652,399.22 LUM
100PAB1,304,798.44 LUM
500PAB6,523,992.18 LUM
1000PAB13,047,984.35 LUM
Today vs. 24 hours ago
| Amount | 23:11 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 LUM | $0.{4}3832 | $0.{4}3569 | +7.38% |
| 1 LUM | $0.{4}7664 | $0.{4}7138 | +7.38% |
| 5 LUM | $0.0003832 | $0.0003569 | +7.38% |
| 10 LUM | $0.0007664 | $0.0007138 | +7.38% |
| 50 LUM | $0.003832 | $0.003569 | +7.38% |
| 100 LUM | $0.007664 | $0.007138 | +7.38% |
| 500 LUM | $0.03832 | $0.03569 | +7.38% |
| 1000 LUM | $0.07664 | $0.07138 | +7.38% |
Today vs. 1 month ago
| Amount | 23:11 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 LUM | $0.{4}3832 | $0.{4}4815 | -20.42% |
| 1 LUM | $0.{4}7664 | $0.{4}9630 | -20.42% |
| 5 LUM | $0.0003832 | $0.0004815 | -20.42% |
| 10 LUM | $0.0007664 | $0.0009630 | -20.42% |
| 50 LUM | $0.003832 | $0.004815 | -20.42% |
| 100 LUM | $0.007664 | $0.009630 | -20.42% |
| 500 LUM | $0.03832 | $0.04815 | -20.42% |
| 1000 LUM | $0.07664 | $0.09630 | -20.42% |
Today vs. 1 year ago
| Amount | 23:11 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 LUM | $0.{4}3832 | $0.0001555 | -75.36% |
| 1 LUM | $0.{4}7664 | $0.0003110 | -75.36% |
| 5 LUM | $0.0003832 | $0.001555 | -75.36% |
| 10 LUM | $0.0007664 | $0.003110 | -75.36% |
| 50 LUM | $0.003832 | $0.01555 | -75.36% |
| 100 LUM | $0.007664 | $0.03110 | -75.36% |
| 500 LUM | $0.03832 | $0.1555 | -75.36% |
| 1000 LUM | $0.07664 | $0.3110 | -75.36% |
Lum Network price prediction
What will the price of LUM be in 2025?
Based on LUM's historical price performance prediction model, the price of LUM is projected to reach $0.{4}8420 in 2025.
What will the price of LUM be in 2030?
In 2030, the LUM price is expected to change by -2.00%. By the end of 2030, the LUM price is projected to reach $0.0001439, with a cumulative ROI of +87.73%.
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Popular Lum Network conversions
Check out these popular currency conversions of Lum Network to several fiat currencies.
Lum Network to USD
1 LUM to $ 0.{4}7664 USD
Lum Network to GBP
1 LUM to £ 0.{4}5933 GBP
Lum Network to EUR
1 LUM to € 0.{4}7150 EUR
Lum Network to KRW
1 LUM to ₩ 0.1072 KRW
Lum Network to CAD
1 LUM to $ 0.0001066 CAD
Lum Network to AUD
1 LUM to $ 0.0001165 AUD
Lum Network to JPY
1 LUM to ¥ 0.01170 JPY
Lum Network to BRL
1 LUM to R$ 0.0004398 BRL
Lum Network to CNY
1 LUM to ¥ 0.0005501 CNY
Lum Network to TWD
1 LUM to NT$ 0.002472 TWD
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in Lum Network.
Bitcoin to PAB
1 BTC to B/. 76,649.02 PAB
Drift to PAB
1 DRIFT to B/. 1.81 PAB
Grass to PAB
1 GRASS to B/. -- PAB
SolarX to PAB
1 SXCH to B/. -- PAB
Solana to PAB
1 SOL to B/. 200.94 PAB
PepeCoin to PAB
1 PEPECOIN to B/. 5.27 PAB
Swell Network to PAB
1 SWELL to B/. 0.06385 PAB
X Empire to PAB
1 X to B/. 0.0002434 PAB
Ethereum to PAB
1 ETH to B/. 3,148.6 PAB
Dogecoin to PAB
1 DOGE to B/. 0.2157 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 Lum 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 Lum 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 Lum 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.
