SOFI
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 RAI Finance(SOFI) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 SOFI at a value of 1 SOFI for 0.01 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 RAI Finance currency pair is the SOFI to PAB, with for RAI Finance's currency code being SOFI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
SOFI to PAB conversion rate trend
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In the past 1D, RAI Finance has changed -3.70% to PAB. Based on the trend and price charts, RAI Finance(SOFI) has changed -3.70% to PAB while Panamanian Balboa(PAB) has changed % to SOFI in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.01070 | 0.0200% / 0.0320%  VIP 7 | |
Huobi | B/.0.01135 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/23 08:00:15(UTC+0)
How to buy RAI Finance
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 RAI Finance (SOFI)
Use a variety of payment options to buy RAI Finance on Bitget. We'll show you how.
Buy SOFI (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of SOFI with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy SOFI 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 SOFI (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of SOFI to PAB. However, you can first exchange SOFI 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 RAI Finance to Panamanian Balboa?
RAI Finance to Panamanian Balboa is falling this week.RAI Finance's current market price is B/. 0.01127 per SOFI, with a total market cap of B/. 5,777,690.92 PAB based on a circulating supply of 512,803,100 SOFI. The trading volume of RAI Finance has changed by -54.43% (B/. -443,304.58 PAB) in the last 24 hours. Last trading day, SOFI's trading volume was B/. 814,492.38.
Market cap
$5.78M
24h volume
$371.19K
Circulating supply
512.80M SOFI
Conversion tables
The exchange rate of RAI Finance is increasing.1 SOFI is currently valued at B/. 0.01127 PAB , which means buying 5 SOFI will cost B/. 0.05633 PAB . Similarly, B/.1 PAB can be traded for 88.76 SOFI, and B/.50 PAB can be converted to 4,437.79 SOFI, excluding any platform or gas fees.
The exchange rate of 1 SOFI to Panamanian Balboa has changed by -16.75% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.70%, reaching a high of 0.01137 PAB and a low of 0.01045 PAB . One month ago, the value of 1 SOFI was B/. 0.01124 PAB , which represents a +0.24% change from its current value. Over the last year, RAI Finance has changed by , resulting in a change of -68.51% in its value.
-B/.
0.02366PABSOFI to PAB
Amount
12:44 today
0.5 SOFI
B/.0.005633
1 SOFI
B/.0.01127
5 SOFI
B/.0.05633
10 SOFI
B/.0.1127
50 SOFI
B/.0.5633
100 SOFI
B/.1.13
500 SOFI
B/.5.63
1000 SOFI
B/.11.27
PAB to SOFI
Amount12:44 today
0.5PAB44.38 SOFI
1PAB88.76 SOFI
5PAB443.78 SOFI
10PAB887.56 SOFI
50PAB4,437.79 SOFI
100PAB8,875.57 SOFI
500PAB44,377.86 SOFI
1000PAB88,755.72 SOFI
Today vs. 24 hours ago
| Amount | 12:44 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SOFI | $0.005633 | $0.005842 | -3.70% |
| 1 SOFI | $0.01127 | $0.01168 | -3.70% |
| 5 SOFI | $0.05633 | $0.05842 | -3.70% |
| 10 SOFI | $0.1127 | $0.1168 | -3.70% |
| 50 SOFI | $0.5633 | $0.5842 | -3.70% |
| 100 SOFI | $1.13 | $1.17 | -3.70% |
| 500 SOFI | $5.63 | $5.84 | -3.70% |
| 1000 SOFI | $11.27 | $11.68 | -3.70% |
Today vs. 1 month ago
| Amount | 12:44 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SOFI | $0.005633 | $0.005621 | +0.24% |
| 1 SOFI | $0.01127 | $0.01124 | +0.24% |
| 5 SOFI | $0.05633 | $0.05621 | +0.24% |
| 10 SOFI | $0.1127 | $0.1124 | +0.24% |
| 50 SOFI | $0.5633 | $0.5621 | +0.24% |
| 100 SOFI | $1.13 | $1.12 | +0.24% |
| 500 SOFI | $5.63 | $5.62 | +0.24% |
| 1000 SOFI | $11.27 | $11.24 | +0.24% |
Today vs. 1 year ago
| Amount | 12:44 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SOFI | $0.005633 | $0.01746 | -68.51% |
| 1 SOFI | $0.01127 | $0.03493 | -68.51% |
| 5 SOFI | $0.05633 | $0.1746 | -68.51% |
| 10 SOFI | $0.1127 | $0.3493 | -68.51% |
| 50 SOFI | $0.5633 | $1.75 | -68.51% |
| 100 SOFI | $1.13 | $3.49 | -68.51% |
| 500 SOFI | $5.63 | $17.46 | -68.51% |
| 1000 SOFI | $11.27 | $34.93 | -68.51% |
RAI Finance price prediction
What will the price of SOFI be in 2025?
Based on SOFI's historical price performance prediction model, the price of SOFI is projected to reach $0.01468 in 2025.
What will the price of SOFI be in 2030?
In 2030, the SOFI price is expected to change by +5.00%. By the end of 2030, the SOFI price is projected to reach $0.03003, with a cumulative ROI of +166.67%.
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Popular RAI Finance conversions
Check out these popular currency conversions of RAI Finance to several fiat currencies.
RAI Finance to USD
1 SOFI to $ 0.01127 USD
RAI Finance to GBP
1 SOFI to £ 0.008967 GBP
RAI Finance to EUR
1 SOFI to € 0.01083 EUR
RAI Finance to KRW
1 SOFI to ₩ 16.36 KRW
RAI Finance to CAD
1 SOFI to $ 0.01621 CAD
RAI Finance to AUD
1 SOFI to $ 0.01800 AUD
RAI Finance to JPY
1 SOFI to ¥ 1.77 JPY
RAI Finance to BRL
1 SOFI to R$ 0.06857 BRL
RAI Finance to CNY
1 SOFI to ¥ 0.08232 CNY
RAI Finance to TWD
1 SOFI to NT$ 0.3685 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 RAI 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 RAI 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 RAI 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.
