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Polytrade to Panamanian Balboa Converter and calculator

Convert 1Polytrade (TRADE) to Panamanian Balboa (PAB) equals B/. 0.5731 | 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 Polytrade(TRADE) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 TRADE at a value of 1 TRADE for 0.57 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 Polytrade currency pair is the TRADE to PAB, with for Polytrade's currency code being TRADE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

TRADE to PAB conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polytrade has changed +2.53% to PAB. Based on the trend and price charts, Polytrade(TRADE) has changed +2.53% to PAB while Panamanian Balboa(PAB) has changed % to TRADE in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.0.5771
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
B/.0.5722
0.1000% / 0.1000%
Yes
KuCoin
B/.0.5723
0.1000% / 0.1000%
Yes
Bitfinex
B/.0.6498
0.1000% / 0.1000%
Yes
Last updated 2024/12/12 01:00:18(UTC+0)

How to buy Polytrade

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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.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Polytrade (TRADE)
Use a variety of payment options to buy Polytrade on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of TRADE with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy TRADE with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell TRADE (or USDT) for PAB (Panamanian Balboa) offers

Bitget P2P trading currently does not support direct selling of TRADE to PAB. However, you can first exchange TRADE 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
Action
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What factors influence the conversion rate of Polytrade to Panamanian Balboa?

Polytrade to Panamanian Balboa is falling this week.
Polytrade's current market price is B/. 0.5731 per TRADE, with a total market cap of B/. 22,830,631.48 PAB based on a circulating supply of 39,833,696 TRADE. The trading volume of Polytrade has changed by -40.18% (B/. -161,467.22 PAB) in the last 24 hours. Last trading day, TRADE's trading volume was B/. 401,861.68.
Market cap
$22.83M
24h volume
$240.39K
Circulating supply
39.83M TRADE

Conversion tables

The exchange rate of Polytrade is increasing.
1 TRADE is currently valued at B/. 0.5731 PAB , which means buying 5 TRADE will cost B/. 2.87 PAB . Similarly, B/.1 PAB can be traded for 1.74 TRADE, and B/.50 PAB can be converted to 87.24 TRADE, excluding any platform or gas fees.
The exchange rate of 1 TRADE to Panamanian Balboa has changed by -14.36% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.53%, reaching a high of 0.5837 PAB and a low of 0.5558 PAB . One month ago, the value of 1 TRADE was B/. 0.4008 PAB , which represents a +42.99% change from its current value. Over the last year, Polytrade has changed by
-B/.
0.1337PAB
, resulting in a change of -18.92% in its value.

TRADE to PAB

Amount
15:31 today
0.5 TRADE
B/.0.2866
1 TRADE
B/.0.5731
5 TRADE
B/.2.87
10 TRADE
B/.5.73
50 TRADE
B/.28.66
100 TRADE
B/.57.31
500 TRADE
B/.286.57
1000 TRADE
B/.573.15

PAB to TRADE

Amount15:31 today
0.5PAB0.8724  TRADE
1PAB1.74  TRADE
5PAB8.72  TRADE
10PAB17.45  TRADE
50PAB87.24  TRADE
100PAB174.47  TRADE
500PAB872.37  TRADE
1000PAB1,744.75  TRADE

Today vs. 24 hours ago

Amount15:31 today24 hours ago24h change
0.5 TRADE$0.2866$0.2795
+2.53%
1 TRADE$0.5731$0.5590
+2.53%
5 TRADE$2.87$2.8
+2.53%
10 TRADE$5.73$5.59
+2.53%
50 TRADE$28.66$27.95
+2.53%
100 TRADE$57.31$55.9
+2.53%
500 TRADE$286.57$279.51
+2.53%
1000 TRADE$573.15$559.03
+2.53%

Today vs. 1 month ago

Amount15:31 today1 month ago1M change
0.5 TRADE$0.2866$0.2004
+42.99%
1 TRADE$0.5731$0.4008
+42.99%
5 TRADE$2.87$2
+42.99%
10 TRADE$5.73$4.01
+42.99%
50 TRADE$28.66$20.04
+42.99%
100 TRADE$57.31$40.08
+42.99%
500 TRADE$286.57$200.42
+42.99%
1000 TRADE$573.15$400.85
+42.99%

Today vs. 1 year ago

Amount15:31 today1 year ago1Y change
0.5 TRADE$0.2866$0.3534
-18.92%
1 TRADE$0.5731$0.7069
-18.92%
5 TRADE$2.87$3.53
-18.92%
10 TRADE$5.73$7.07
-18.92%
50 TRADE$28.66$35.34
-18.92%
100 TRADE$57.31$70.69
-18.92%
500 TRADE$286.57$353.45
-18.92%
1000 TRADE$573.15$706.9
-18.92%

Polytrade price prediction

What will the price of TRADE be in 2025?

Based on TRADE's historical price performance prediction model, the price of TRADE is projected to reach $0.8128 in 2025.

What will the price of TRADE be in 2030?

In 2030, the TRADE price is expected to change by +6.00%. By the end of 2030, the TRADE price is projected to reach $1.41, with a cumulative ROI of +143.71%.

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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 Polytrade 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 Polytrade 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 Polytrade 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.