POLK
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 Polkamarkets(POLK) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 POLK at a value of 1 POLK for 0.02 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 Polkamarkets currency pair is the POLK to PAB, with for Polkamarkets's currency code being POLK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
POLK to PAB conversion rate trend
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In the past 1D, Polkamarkets has changed +0.03% to PAB. Based on the trend and price charts, Polkamarkets(POLK) has changed +0.03% to PAB while Panamanian Balboa(PAB) has changed % to POLK in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.02053 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | B/.0.02082 | 0.1000% / 0.1000% | Yes |
KuCoin | B/.0.02041 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/23 08:00:19(UTC+0)
How to buy Polkamarkets
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Polkamarkets (POLK)
Use a variety of payment options to buy Polkamarkets on Bitget. We'll show you how.
Buy POLK (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of POLK with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy POLK 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 POLK (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of POLK to PAB. However, you can first exchange POLK 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 Polkamarkets to Panamanian Balboa?
Polkamarkets to Panamanian Balboa is falling this week.Polkamarkets's current market price is B/. 0.02071 per POLK, with a total market cap of B/. 1,856,161.59 PAB based on a circulating supply of 89,620,460 POLK. The trading volume of Polkamarkets has changed by -1.58% (B/. -2,420.97 PAB) in the last 24 hours. Last trading day, POLK's trading volume was B/. 153,585.59.
Market cap
$1.86M
24h volume
$151.16K
Circulating supply
89.62M POLK
Conversion tables
The exchange rate of Polkamarkets is decreasing.1 POLK is currently valued at B/. 0.02071 PAB , which means buying 5 POLK will cost B/. 0.1036 PAB . Similarly, B/.1 PAB can be traded for 48.28 POLK, and B/.50 PAB can be converted to 2,414.13 POLK, excluding any platform or gas fees.
The exchange rate of 1 POLK to Panamanian Balboa has changed by -21.81% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.03%, reaching a high of 0.02122 PAB and a low of 0.02005 PAB . One month ago, the value of 1 POLK was B/. 0.02552 PAB , which represents a -18.60% change from its current value. Over the last year, Polkamarkets has changed by , resulting in a change of -68.24% in its value.
-B/.
0.04519PABPOLK to PAB
Amount
13:03 today
0.5 POLK
B/.0.01036
1 POLK
B/.0.02071
5 POLK
B/.0.1036
10 POLK
B/.0.2071
50 POLK
B/.1.04
100 POLK
B/.2.07
500 POLK
B/.10.36
1000 POLK
B/.20.71
PAB to POLK
Amount13:03 today
0.5PAB24.14 POLK
1PAB48.28 POLK
5PAB241.41 POLK
10PAB482.83 POLK
50PAB2,414.13 POLK
100PAB4,828.27 POLK
500PAB24,141.34 POLK
1000PAB48,282.68 POLK
Today vs. 24 hours ago
| Amount | 13:03 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 POLK | $0.01036 | $0.01035 | +0.03% |
| 1 POLK | $0.02071 | $0.02071 | +0.03% |
| 5 POLK | $0.1036 | $0.1035 | +0.03% |
| 10 POLK | $0.2071 | $0.2071 | +0.03% |
| 50 POLK | $1.04 | $1.04 | +0.03% |
| 100 POLK | $2.07 | $2.07 | +0.03% |
| 500 POLK | $10.36 | $10.35 | +0.03% |
| 1000 POLK | $20.71 | $20.71 | +0.03% |
Today vs. 1 month ago
| Amount | 13:03 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 POLK | $0.01036 | $0.01276 | -18.60% |
| 1 POLK | $0.02071 | $0.02552 | -18.60% |
| 5 POLK | $0.1036 | $0.1276 | -18.60% |
| 10 POLK | $0.2071 | $0.2552 | -18.60% |
| 50 POLK | $1.04 | $1.28 | -18.60% |
| 100 POLK | $2.07 | $2.55 | -18.60% |
| 500 POLK | $10.36 | $12.76 | -18.60% |
| 1000 POLK | $20.71 | $25.52 | -18.60% |
Today vs. 1 year ago
| Amount | 13:03 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 POLK | $0.01036 | $0.03295 | -68.24% |
| 1 POLK | $0.02071 | $0.06590 | -68.24% |
| 5 POLK | $0.1036 | $0.3295 | -68.24% |
| 10 POLK | $0.2071 | $0.6590 | -68.24% |
| 50 POLK | $1.04 | $3.3 | -68.24% |
| 100 POLK | $2.07 | $6.59 | -68.24% |
| 500 POLK | $10.36 | $32.95 | -68.24% |
| 1000 POLK | $20.71 | $65.9 | -68.24% |
Polkamarkets price prediction
What will the price of POLK be in 2025?
Based on POLK's historical price performance prediction model, the price of POLK is projected to reach $0.03426 in 2025.
What will the price of POLK be in 2030?
In 2030, the POLK price is expected to change by 0.00%. By the end of 2030, the POLK price is projected to reach $0.03731, with a cumulative ROI of +81.77%.
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Popular Polkamarkets conversions
Check out these popular currency conversions of Polkamarkets to several fiat currencies.
Polkamarkets to USD
1 POLK to $ 0.02071 USD
Polkamarkets to GBP
1 POLK to £ 0.01648 GBP
Polkamarkets to EUR
1 POLK to € 0.01990 EUR
Polkamarkets to KRW
1 POLK to ₩ 30.07 KRW
Polkamarkets to CAD
1 POLK to $ 0.02980 CAD
Polkamarkets to AUD
1 POLK to $ 0.03310 AUD
Polkamarkets to JPY
1 POLK to ¥ 3.25 JPY
Polkamarkets to BRL
1 POLK to R$ 0.1260 BRL
Polkamarkets to CNY
1 POLK to ¥ 0.1513 CNY
Polkamarkets to TWD
1 POLK to NT$ 0.6773 TWD
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in Polkamarkets.
Bitcoin to PAB
1 BTC to B/. 96,187.42 PAB
Verge to PAB
1 XVG to B/. 0.01267 PAB
Aave to PAB
1 AAVE to B/. 339.03 PAB
QuarkChain to PAB
1 QKC to B/. 0.01174 PAB
Peanut the Squirrel to PAB
1 PNUT to B/. 0.6894 PAB
Steem to PAB
1 STEEM to B/. 0.2774 PAB
Frax Share to PAB
1 FXS to B/. 3.2 PAB
Hive to PAB
1 HIVE to B/. 0.3593 PAB
MovieBloc to PAB
1 MBL to B/. 0.003556 PAB
Algorand to PAB
1 ALGO to B/. 0.3636 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 Polkamarkets 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 Polkamarkets 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 Polkamarkets 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.
