CATBOY to PAB Converter and calculator


Conversion rates
Convert CATBOY to PAB
Convert PAB to CATBOY
CATBOY to PAB chart
CATBOY to PAB conversion data: Volatility and price changes of Catboy in PAB
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.006343 PAB | 0.006657 PAB | 0.007430 PAB | 0.01121 PAB |
Low | 0.005638 PAB | 0.005160 PAB | 0.005160 PAB | 0.004877 PAB |
Average | 0 PAB | 0 PAB | 0 PAB | 0 PAB |
Volatility | % | % | % | % |
Change | -8.24% | +7.49% | -10.68% | -47.28% |
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Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Catboy information
CATBOY to PAB market statistics
Current CATBOY to PAB exchange rate
Catboy to Panamanian Balboa is rising this week.More info about Catboy 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.
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CATBOY to PAB Conversion tables
Amount | 01:20 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 CATBOY | B/.0.002901 | B/.0.003161 | -8.24% |
1 CATBOY | B/.0.005801 | B/.0.006322 | -8.24% |
5 CATBOY | B/.0.02901 | B/.0.03161 | -8.24% |
10 CATBOY | B/.0.05801 | B/.0.06322 | -8.24% |
50 CATBOY | B/.0.2901 | B/.0.3161 | -8.24% |
100 CATBOY | B/.0.5801 | B/.0.6322 | -8.24% |
500 CATBOY | B/.2.9 | B/.3.16 | -8.24% |
1000 CATBOY | B/.5.8 | B/.6.32 | -8.24% |
CATBOY to PAB FAQ
What factors influence the conversion rate of CATBOY to PAB?
Popular exchange rates — Crypto-to-Fiat converter
The price of Catboy in the US is $0.005801 USD. Additionally, Catboy’s price is €0.004956 EUR in the eurozone, £0.004278 GBP in the UK, C$0.008018 CAD in Canada, ₹0.5077 INR in India, ₨1.64 PKR in Pakistan, R$0.03133 BRL in Brazil, and more.
The most popular Catboy currency pair is the CATBOY to Panamanian Balboa(PAB). The price of 1 Catboy (CATBOY) in Panamanian Balboa (PAB) is B/.0.005801.
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