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Modex to Panamanian Balboa Converter and calculator

Convert 1Modex (MODEX) to Panamanian Balboa (PAB) equals B/. 0.04988 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Modex(MODEX) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 MODEX at a value of 1 MODEX for 0.05 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.

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Bitget crypto-to-fiat exchange data shows that the most popular Modex currency pair is the MODEX to PAB, with for Modex's currency code being MODEX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

MODEX to PAB conversion rate trend

1D7D1M3M1YAll
In the past 1D, Modex has changed -10.07% to PAB. Based on the trend and price charts, Modex(MODEX) has changed -10.07% to PAB while Panamanian Balboa(PAB) has changed % to MODEX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.0.04988
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/22 16:36:48(UTC+0)

How to buy Modex

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Buy Modex (MODEX)
Use a variety of payment options to buy Modex on Bitget. We'll show you how.

Buy MODEX (or USDT) for PAB (Panamanian Balboa) offers

Bitget P2P trading does not currently support direct buying of MODEX with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy MODEX with USDT via Bitget spot market.
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Sell MODEX (or USDT) for PAB (Panamanian Balboa) offers

Bitget P2P trading currently does not support direct selling of MODEX to PAB. However, you can first exchange MODEX for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Modex to Panamanian Balboa?

Modex to Panamanian Balboa is falling this week.
Modex's current market price is B/. 0.04988 per MODEX, with a total market cap of B/. 0 PAB based on a circulating supply of -- MODEX. The trading volume of Modex has changed by -100.00% (B/. -- PAB) in the last 24 hours. Last trading day, MODEX's trading volume was B/. --.
Market cap
$0
24h volume
$0
Circulating supply
0 MODEX

Conversion tables

The exchange rate of Modex is increasing.
1 MODEX is currently valued at B/. 0.04988 PAB , which means buying 5 MODEX will cost B/. 0.2494 PAB . Similarly, B/.1 PAB can be traded for 20.05 MODEX, and B/.50 PAB can be converted to 1,002.5 MODEX, excluding any platform or gas fees.
The exchange rate of 1 MODEX to Panamanian Balboa has changed by -0.94% in the last 7 days. In the last 24 hours, the rate has fluctuated by -10.07%, reaching a high of 0.06900 PAB and a low of 0.04098 PAB . One month ago, the value of 1 MODEX was B/. 0.04153 PAB , which represents a +20.10% change from its current value. Over the last year, Modex has changed by
-B/.
0.07625PAB
, resulting in a change of -60.46% in its value.

MODEX to PAB

Amount
00:29 am today
0.5 MODEX
B/.0.02494
1 MODEX
B/.0.04988
5 MODEX
B/.0.2494
10 MODEX
B/.0.4988
50 MODEX
B/.2.49
100 MODEX
B/.4.99
500 MODEX
B/.24.94
1000 MODEX
B/.49.88

PAB to MODEX

Amount00:29 am today
0.5PAB10.02  MODEX
1PAB20.05  MODEX
5PAB100.25  MODEX
10PAB200.5  MODEX
50PAB1,002.5  MODEX
100PAB2,005  MODEX
500PAB10,024.98  MODEX
1000PAB20,049.97  MODEX

Today vs. 24 hours ago

Amount00:29 am today24 hours ago24h change
0.5 MODEX$0.02494$0.02773
-10.07%
1 MODEX$0.04988$0.05546
-10.07%
5 MODEX$0.2494$0.2773
-10.07%
10 MODEX$0.4988$0.5546
-10.07%
50 MODEX$2.49$2.77
-10.07%
100 MODEX$4.99$5.55
-10.07%
500 MODEX$24.94$27.73
-10.07%
1000 MODEX$49.88$55.46
-10.07%

Today vs. 1 month ago

Amount00:29 am today1 month ago1M change
0.5 MODEX$0.02494$0.02076
+20.10%
1 MODEX$0.04988$0.04153
+20.10%
5 MODEX$0.2494$0.2076
+20.10%
10 MODEX$0.4988$0.4153
+20.10%
50 MODEX$2.49$2.08
+20.10%
100 MODEX$4.99$4.15
+20.10%
500 MODEX$24.94$20.76
+20.10%
1000 MODEX$49.88$41.53
+20.10%

Today vs. 1 year ago

Amount00:29 am today1 year ago1Y change
0.5 MODEX$0.02494$0.06306
-60.46%
1 MODEX$0.04988$0.1261
-60.46%
5 MODEX$0.2494$0.6306
-60.46%
10 MODEX$0.4988$1.26
-60.46%
50 MODEX$2.49$6.31
-60.46%
100 MODEX$4.99$12.61
-60.46%
500 MODEX$24.94$63.06
-60.46%
1000 MODEX$49.88$126.12
-60.46%

Modex price prediction

What will the price of MODEX be in 2025?

Based on MODEX's historical price performance prediction model, the price of MODEX is projected to reach $0.08142 in 2025.

What will the price of MODEX be in 2030?

In 2030, the MODEX price is expected to change by -4.00%. By the end of 2030, the MODEX price is projected to reach $0.1129, with a cumulative ROI of +126.41%.

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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 Modex 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 Modex 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 Modex 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.