ALGO
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 Algorand(ALGO) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 ALGO at a value of 1 ALGO for 0.21 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 Algorand currency pair is the ALGO to PAB, with for Algorand's currency code being ALGO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
ALGO to PAB conversion rate trend
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In the past 1D, Algorand has changed -9.31% to PAB. Based on the trend and price charts, Algorand(ALGO) has changed -9.31% to PAB while Panamanian Balboa(PAB) has changed % to ALGO in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.2081 | 0.0200% / 0.0320%  VIP 7 | |
Binance | B/.0.2091 | 0.1000% / 0.1000% | Yes |
Kraken | B/.0.2087 | 0.1000% / 0.1000% | Yes |
OKX | B/.0.2091 | 0.080% / 0.100% | Yes |
Huobi | B/.0.2090 | 0.1000% / 0.1000% | Yes |
Gate.io | B/.0.2090 | 0.1000% / 0.1000% | Yes |
Bybit | B/.0.2089 | 0.1000% / 0.1000% | Yes |
KuCoin | B/.0.2090 | 0.1000% / 0.1000% | Yes |
Bitfinex | B/.0.2085 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/21 08:00:18(UTC+0)
How to buy Algorand
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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Buy Algorand (ALGO)
Use a variety of payment options to buy Algorand on Bitget. We'll show you how.
Buy ALGO (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of ALGO with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy ALGO with USDT via Bitget spot market.
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Sell ALGO (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of ALGO to PAB. However, you can first exchange ALGO 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 Algorand to Panamanian Balboa?
Algorand to Panamanian Balboa is rising this week.Algorand's current market price is B/. 0.2064 per ALGO, with a total market cap of B/. 1,708,997,116.11 PAB based on a circulating supply of 8,280,006,000 ALGO. The trading volume of Algorand has changed by -29.66% (B/. -101,113,887.86 PAB) in the last 24 hours. Last trading day, ALGO's trading volume was B/. 340,880,057.24.
Market cap
$1.71B
24h volume
$239.77M
Circulating supply
8.28B ALGO
Conversion tables
The exchange rate of Algorand is increasing.1 ALGO is currently valued at B/. 0.2064 PAB , which means buying 5 ALGO will cost B/. 1.03 PAB . Similarly, B/.1 PAB can be traded for 4.84 ALGO, and B/.50 PAB can be converted to 242.25 ALGO, excluding any platform or gas fees.
The exchange rate of 1 ALGO to Panamanian Balboa has changed by +41.47% in the last 7 days. In the last 24 hours, the rate has fluctuated by -9.31%, reaching a high of 0.2273 PAB and a low of 0.2042 PAB . One month ago, the value of 1 ALGO was B/. 0.1244 PAB , which represents a +65.98% change from its current value. Over the last year, Algorand has changed by , resulting in a change of +59.94% in its value.
+B/.
0.07732PABALGO to PAB
Amount
11:48 am today
0.5 ALGO
B/.0.1032
1 ALGO
B/.0.2064
5 ALGO
B/.1.03
10 ALGO
B/.2.06
50 ALGO
B/.10.32
100 ALGO
B/.20.64
500 ALGO
B/.103.2
1000 ALGO
B/.206.4
PAB to ALGO
Amount11:48 am today
0.5PAB2.42 ALGO
1PAB4.84 ALGO
5PAB24.22 ALGO
10PAB48.45 ALGO
50PAB242.25 ALGO
100PAB484.5 ALGO
500PAB2,422.48 ALGO
1000PAB4,844.95 ALGO
Today vs. 24 hours ago
| Amount | 11:48 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ALGO | $0.1032 | $0.1138 | -9.31% |
| 1 ALGO | $0.2064 | $0.2276 | -9.31% |
| 5 ALGO | $1.03 | $1.14 | -9.31% |
| 10 ALGO | $2.06 | $2.28 | -9.31% |
| 50 ALGO | $10.32 | $11.38 | -9.31% |
| 100 ALGO | $20.64 | $22.76 | -9.31% |
| 500 ALGO | $103.2 | $113.79 | -9.31% |
| 1000 ALGO | $206.4 | $227.58 | -9.31% |
Today vs. 1 month ago
| Amount | 11:48 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ALGO | $0.1032 | $0.06219 | +65.98% |
| 1 ALGO | $0.2064 | $0.1244 | +65.98% |
| 5 ALGO | $1.03 | $0.6219 | +65.98% |
| 10 ALGO | $2.06 | $1.24 | +65.98% |
| 50 ALGO | $10.32 | $6.22 | +65.98% |
| 100 ALGO | $20.64 | $12.44 | +65.98% |
| 500 ALGO | $103.2 | $62.19 | +65.98% |
| 1000 ALGO | $206.4 | $124.39 | +65.98% |
Today vs. 1 year ago
| Amount | 11:48 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ALGO | $0.1032 | $0.06454 | +59.94% |
| 1 ALGO | $0.2064 | $0.1291 | +59.94% |
| 5 ALGO | $1.03 | $0.6454 | +59.94% |
| 10 ALGO | $2.06 | $1.29 | +59.94% |
| 50 ALGO | $10.32 | $6.45 | +59.94% |
| 100 ALGO | $20.64 | $12.91 | +59.94% |
| 500 ALGO | $103.2 | $64.54 | +59.94% |
| 1000 ALGO | $206.4 | $129.09 | +59.94% |
Algorand price prediction
What will the price of ALGO be in 2025?
Based on ALGO's historical price performance prediction model, the price of ALGO is projected to reach $0.2987 in 2025.
What will the price of ALGO be in 2030?
In 2030, the ALGO price is expected to change by -20.00%. By the end of 2030, the ALGO price is projected to reach $0.4027, with a cumulative ROI of +88.77%.
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Popular Algorand conversions
Check out these popular currency conversions of Algorand to several fiat currencies.
Algorand to USD
1 ALGO to $ 0.2064 USD
Algorand to GBP
1 ALGO to £ 0.1634 GBP
Algorand to EUR
1 ALGO to € 0.1962 EUR
Algorand to KRW
1 ALGO to ₩ 289.25 KRW
Algorand to CAD
1 ALGO to $ 0.2885 CAD
Algorand to AUD
1 ALGO to $ 0.3171 AUD
Algorand to JPY
1 ALGO to ¥ 31.86 JPY
Algorand to BRL
1 ALGO to R$ 1.2 BRL
Algorand to CNY
1 ALGO to ¥ 1.5 CNY
Algorand to TWD
1 ALGO to NT$ 6.72 TWD
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in Algorand.
MAD to PAB
1 MAD to B/. -- PAB
XRP to PAB
1 XRP to B/. 1.11 PAB
EGO to PAB
1 EGO to B/. 0.02570 PAB
Sharpe AI to PAB
1 SAI to B/. 0.03278 PAB
Solana to PAB
1 SOL to B/. 241.66 PAB
Bitcoin to PAB
1 BTC to B/. 97,778.17 PAB
Dogecoin to PAB
1 DOGE to B/. 0.3811 PAB
Pepe to PAB
1 PEPE to B/. 0.{4}1915 PAB
Peanut the Squirrel to PAB
1 PNUT to B/. 1.32 PAB
Sui to PAB
1 SUI to B/. 3.43 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 Algorand 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 Algorand 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 Algorand 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.
