MENDI
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 Mendi Finance(MENDI) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 MENDI at a value of 1 MENDI for 0.08 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 Mendi Finance currency pair is the MENDI to PAB, with for Mendi Finance's currency code being MENDI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
MENDI to PAB conversion rate trend
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In the past 1D, Mendi Finance has changed +5.70% to PAB. Based on the trend and price charts, Mendi Finance(MENDI) has changed +5.70% to PAB while Panamanian Balboa(PAB) has changed % to MENDI in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.07484 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/29 08:32:56(UTC+0)
How to buy Mendi Finance
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Mendi Finance (MENDI)
Use a variety of payment options to buy Mendi Finance on Bitget. We'll show you how.
Buy MENDI (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of MENDI with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy MENDI 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 MENDI (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of MENDI to PAB. However, you can first exchange MENDI 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 Mendi Finance to Panamanian Balboa?
Mendi Finance to Panamanian Balboa is rising this week.Mendi Finance's current market price is B/. 0.07604 per MENDI, with a total market cap of B/. 0 PAB based on a circulating supply of -- MENDI. The trading volume of Mendi Finance has changed by +10.74% (B/. 834.03 PAB) in the last 24 hours. Last trading day, MENDI's trading volume was B/. 7,765.79.
Market cap
$0
24h volume
$8.60K
Circulating supply
0 MENDI
Conversion tables
The exchange rate of Mendi Finance is increasing.1 MENDI is currently valued at B/. 0.07604 PAB , which means buying 5 MENDI will cost B/. 0.3802 PAB . Similarly, B/.1 PAB can be traded for 13.15 MENDI, and B/.50 PAB can be converted to 657.59 MENDI, excluding any platform or gas fees.
The exchange rate of 1 MENDI to Panamanian Balboa has changed by +2.85% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.70%, reaching a high of 0.07706 PAB and a low of 0.07159 PAB . One month ago, the value of 1 MENDI was B/. 0.06031 PAB , which represents a +26.08% change from its current value. Over the last year, Mendi Finance has changed by , resulting in a change of -56.86% in its value.
-B/.
0.1002PABMENDI to PAB
Amount
12:23 today
0.5 MENDI
B/.0.03802
1 MENDI
B/.0.07604
5 MENDI
B/.0.3802
10 MENDI
B/.0.7604
50 MENDI
B/.3.8
100 MENDI
B/.7.6
500 MENDI
B/.38.02
1000 MENDI
B/.76.04
PAB to MENDI
Amount12:23 today
0.5PAB6.58 MENDI
1PAB13.15 MENDI
5PAB65.76 MENDI
10PAB131.52 MENDI
50PAB657.59 MENDI
100PAB1,315.18 MENDI
500PAB6,575.91 MENDI
1000PAB13,151.81 MENDI
Today vs. 24 hours ago
| Amount | 12:23 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MENDI | $0.03802 | $0.03597 | +5.70% |
| 1 MENDI | $0.07604 | $0.07194 | +5.70% |
| 5 MENDI | $0.3802 | $0.3597 | +5.70% |
| 10 MENDI | $0.7604 | $0.7194 | +5.70% |
| 50 MENDI | $3.8 | $3.6 | +5.70% |
| 100 MENDI | $7.6 | $7.19 | +5.70% |
| 500 MENDI | $38.02 | $35.97 | +5.70% |
| 1000 MENDI | $76.04 | $71.94 | +5.70% |
Today vs. 1 month ago
| Amount | 12:23 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MENDI | $0.03802 | $0.03015 | +26.08% |
| 1 MENDI | $0.07604 | $0.06031 | +26.08% |
| 5 MENDI | $0.3802 | $0.3015 | +26.08% |
| 10 MENDI | $0.7604 | $0.6031 | +26.08% |
| 50 MENDI | $3.8 | $3.02 | +26.08% |
| 100 MENDI | $7.6 | $6.03 | +26.08% |
| 500 MENDI | $38.02 | $30.15 | +26.08% |
| 1000 MENDI | $76.04 | $60.31 | +26.08% |
Today vs. 1 year ago
| Amount | 12:23 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MENDI | $0.03802 | $0.08813 | -56.86% |
| 1 MENDI | $0.07604 | $0.1763 | -56.86% |
| 5 MENDI | $0.3802 | $0.8813 | -56.86% |
| 10 MENDI | $0.7604 | $1.76 | -56.86% |
| 50 MENDI | $3.8 | $8.81 | -56.86% |
| 100 MENDI | $7.6 | $17.63 | -56.86% |
| 500 MENDI | $38.02 | $88.13 | -56.86% |
| 1000 MENDI | $76.04 | $176.26 | -56.86% |
Mendi Finance price prediction
What will the price of MENDI be in 2025?
Based on MENDI's historical price performance prediction model, the price of MENDI is projected to reach $0.1434 in 2025.
What will the price of MENDI be in 2030?
In 2030, the MENDI price is expected to change by -10.00%. By the end of 2030, the MENDI price is projected to reach $0.2489, with a cumulative ROI of +228.63%.
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Popular Mendi Finance conversions
Check out these popular currency conversions of Mendi Finance to several fiat currencies.
Mendi Finance to USD
1 MENDI to $ 0.07604 USD
Mendi Finance to GBP
1 MENDI to £ 0.06048 GBP
Mendi Finance to EUR
1 MENDI to € 0.07291 EUR
Mendi Finance to KRW
1 MENDI to ₩ 112.06 KRW
Mendi Finance to CAD
1 MENDI to $ 0.1096 CAD
Mendi Finance to AUD
1 MENDI to $ 0.1223 AUD
Mendi Finance to JPY
1 MENDI to ¥ 12 JPY
Mendi Finance to BRL
1 MENDI to R$ 0.4711 BRL
Mendi Finance to CNY
1 MENDI to ¥ 0.5552 CNY
Mendi Finance to TWD
1 MENDI to NT$ 2.5 TWD
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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 Mendi Finance 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 Mendi Finance 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 Mendi Finance 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.
