KINGY to PAB Converter and calculator


Conversion rates
Convert KINGY to PAB
Convert PAB to KINGY
KINGY to PAB chart
KINGY to PAB conversion data: Volatility and price changes of KINGYTON in PAB
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.06474 PAB | 0.07352 PAB | 0.08429 PAB | 0.1336 PAB |
Low | 0.06438 PAB | 0.06342 PAB | 0.06342 PAB | 0.06342 PAB |
Average | 0 PAB | 0 PAB | 0 PAB | 0 PAB |
Volatility | % | % | % | % |
Change | +0.39% | -13.57% | -16.15% | -50.80% |
KINGYTON information
KINGY to PAB market statistics
Current KINGY to PAB exchange rate
KINGYTON to Panamanian Balboa is falling this week.More info about KINGYTON 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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KINGY to PAB Conversion tables
Amount | 06:26 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 KINGY | B/.0.03186 | B/.0.03174 | +0.39% |
1 KINGY | B/.0.06372 | B/.0.06347 | +0.39% |
5 KINGY | B/.0.3186 | B/.0.3174 | +0.39% |
10 KINGY | B/.0.6372 | B/.0.6347 | +0.39% |
50 KINGY | B/.3.19 | B/.3.17 | +0.39% |
100 KINGY | B/.6.37 | B/.6.35 | +0.39% |
500 KINGY | B/.31.86 | B/.31.74 | +0.39% |
1000 KINGY | B/.63.72 | B/.63.47 | +0.39% |
KINGY to PAB FAQ
What factors influence the conversion rate of KINGY to PAB?
Popular exchange rates — Crypto-to-Fiat converter
The price of KINGYTON in the US is $0.06372 USD. Additionally, KINGYTON’s price is €0.05539 EUR in the eurozone, £0.04735 GBP in the UK, C$0.08704 CAD in Canada, ₹5.5 INR in India, ₨18.05 PKR in Pakistan, R$0.3501 BRL in Brazil, and more.
The most popular KINGYTON currency pair is the KINGY to Panamanian Balboa(PAB). The price of 1 KINGYTON (KINGY) in Panamanian Balboa (PAB) is B/.0.06372.
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