SHRUB to PAB Converter and calculator


Conversion rates
Convert SHRUB to PAB
Convert PAB to SHRUB
SHRUB to PAB chart
SHRUB to PAB conversion data: Volatility and price changes of Shrub in PAB
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.007495 PAB | 0.007495 PAB | 0.007495 PAB | 0.007727 PAB |
Low | 0.004679 PAB | 0.003597 PAB | 0.003241 PAB | 0.002734 PAB |
Average | 0 PAB | 0 PAB | 0 PAB | 0 PAB |
Volatility | % | % | % | % |
Change | +15.34% | +47.02% | +26.33% | -33.47% |
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Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Shrub information
SHRUB to PAB market statistics
Current SHRUB to PAB exchange rate
Shrub to Panamanian Balboa is rising this week.More info about Shrub 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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SHRUB to PAB Conversion tables
Amount | 18:00 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 SHRUB | B/.0.002740 | B/.0.002376 | +15.34% |
1 SHRUB | B/.0.005479 | B/.0.004752 | +15.34% |
5 SHRUB | B/.0.02740 | B/.0.02376 | +15.34% |
10 SHRUB | B/.0.05479 | B/.0.04752 | +15.34% |
50 SHRUB | B/.0.2740 | B/.0.2376 | +15.34% |
100 SHRUB | B/.0.5479 | B/.0.4752 | +15.34% |
500 SHRUB | B/.2.74 | B/.2.38 | +15.34% |
1000 SHRUB | B/.5.48 | B/.4.75 | +15.34% |
SHRUB to PAB FAQ
What factors influence the conversion rate of SHRUB to PAB?
Popular exchange rates — Crypto-to-Fiat converter
The price of Shrub in the US is $0.005479 USD. Additionally, Shrub’s price is €0.004706 EUR in the eurozone, £0.004048 GBP in the UK, C$0.007565 CAD in Canada, ₹0.4804 INR in India, ₨1.56 PKR in Pakistan, R$0.02964 BRL in Brazil, and more.
The most popular Shrub currency pair is the SHRUB to Panamanian Balboa(PAB). The price of 1 Shrub (SHRUB) in Panamanian Balboa (PAB) is B/.0.005479.
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