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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.07%
BTC/USDT$82860.00 (-0.77%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.07%
BTC/USDT$82860.00 (-0.77%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
BAKE
PAB
Last updated as of 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 BakeryToken(BAKE) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 BAKE at a value of 1 BAKE for 0.12 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 BakeryToken currency pair is the BAKE to PAB, with for BakeryToken's currency code being BAKE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
BAKE to PAB conversion rate trend
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In the past 1D, BakeryToken has changed -3.76% to PAB. Based on the trend and price charts, BakeryToken(BAKE) has changed -3.76% to PAB while Panamanian Balboa(PAB) has changed % to BAKE in the last 24 hours.
BAKE to PAB market statistics
BAKE/PAB:
B/. 0.1154
BAKE 24h volume:
B/. 3,187,011
BAKE market cap:
B/. 33,439,637.12
BAKE circulating supply:
289.77M BAKE
More info about BakeryToken on Bitget
Current BAKE to PAB exchange rate
BakeryToken to Panamanian Balboa is falling this week.BakeryToken's current market price is B/. 0.1154 per BAKE, with a total market cap of B/. 33,439,637.12 PAB based on a circulating supply of 289,770,500 BAKE. The trading volume of BakeryToken has changed by -34.32% (B/. -1,665,090.99 PAB) in the last 24 hours. Last trading day, BAKE's trading volume was B/. 4,852,101.99.
BAKE to PAB Conversion tables
The exchange rate of BakeryToken is decreasing.1 BAKE is currently valued at B/. 0.1154 PAB , which means buying 5 BAKE will cost B/. 0.5770 PAB . Similarly, B/.1 PAB can be traded for 8.67 BAKE, and B/.50 PAB can be converted to 433.27 BAKE, excluding any platform or gas fees.
The exchange rate of 1 BAKE to Panamanian Balboa has changed by -12.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.76%, reaching a high of 0.1194 PAB and a low of 0.1150 PAB . One month ago, the value of 1 BAKE was B/. 0.1388 PAB , which represents a -16.85% change from its current value. Over the last year, BakeryToken has changed by , resulting in a change of -69.26% in its value.
-B/.
0.2602PABBAKE to PAB
Amount
12:14 today
0.5 BAKE
B/.0.05770
1 BAKE
B/.0.1154
5 BAKE
B/.0.5770
10 BAKE
B/.1.15
50 BAKE
B/.5.77
100 BAKE
B/.11.54
500 BAKE
B/.57.7
1000 BAKE
B/.115.4
PAB to BAKE
Amount12:14 today
0.5PAB4.33 BAKE
1PAB8.67 BAKE
5PAB43.33 BAKE
10PAB86.65 BAKE
50PAB433.27 BAKE
100PAB866.55 BAKE
500PAB4,332.74 BAKE
1000PAB8,665.48 BAKE
BAKE to PAB Today vs. 24 hours ago
| Amount | 12:14 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BAKE | B/.0.05770 | B/.0.05996 | -3.76% |
| 1 BAKE | B/.0.1154 | B/.0.1199 | -3.76% |
| 5 BAKE | B/.0.5770 | B/.0.5996 | -3.76% |
| 10 BAKE | B/.1.15 | B/.1.2 | -3.76% |
| 50 BAKE | B/.5.77 | B/.6 | -3.76% |
| 100 BAKE | B/.11.54 | B/.11.99 | -3.76% |
| 500 BAKE | B/.57.7 | B/.59.96 | -3.76% |
| 1000 BAKE | B/.115.4 | B/.119.92 | -3.76% |
BAKE to PAB Today vs. 1 month ago
| Amount | 12:14 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BAKE | B/.0.05770 | B/.0.06940 | -16.85% |
| 1 BAKE | B/.0.1154 | B/.0.1388 | -16.85% |
| 5 BAKE | B/.0.5770 | B/.0.6940 | -16.85% |
| 10 BAKE | B/.1.15 | B/.1.39 | -16.85% |
| 50 BAKE | B/.5.77 | B/.6.94 | -16.85% |
| 100 BAKE | B/.11.54 | B/.13.88 | -16.85% |
| 500 BAKE | B/.57.7 | B/.69.4 | -16.85% |
| 1000 BAKE | B/.115.4 | B/.138.81 | -16.85% |
BAKE to PAB Today vs. 1 year ago
| Amount | 12:14 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BAKE | B/.0.05770 | B/.0.1878 | -69.26% |
| 1 BAKE | B/.0.1154 | B/.0.3756 | -69.26% |
| 5 BAKE | B/.0.5770 | B/.1.88 | -69.26% |
| 10 BAKE | B/.1.15 | B/.3.76 | -69.26% |
| 50 BAKE | B/.5.77 | B/.18.78 | -69.26% |
| 100 BAKE | B/.11.54 | B/.37.56 | -69.26% |
| 500 BAKE | B/.57.7 | B/.187.8 | -69.26% |
| 1000 BAKE | B/.115.4 | B/.375.59 | -69.26% |
How to convert BAKE to PAB
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Convert BAKE to PAB
Use a variety of payment options to buy BakeryToken on Bitget. We'll show you how.
Learn MoreBuy BAKE (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of BAKE with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy BAKE 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 BAKE (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of BAKE to PAB. However, you can first exchange BAKE for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of BAKE to PAB?
There are many factors that affect the relationship between BakeryToken and Panamanian Balboa, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of BAKE/PAB. When there is positive news in the market about the widespread adoption of BAKE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of BAKE/PAB. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in BAKE/PAB.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of BAKE/PAB. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of BakeryToken and adjust their investment strategies accordingly in the evolving market.
BakeryToken price prediction
What will the price of BAKE be in 2026?
Based on BAKE's historical price performance prediction model, the price of BAKE is projected to reach $0.1493 in 2026.
What will the price of BAKE be in 2031?
In 2031, the BAKE price is expected to change by +44.00%. By the end of 2031, the BAKE price is projected to reach $0.4239, with a cumulative ROI of +261.64%.
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Popular BakeryToken Converter
Check out these popular currency conversions of BakeryToken to several fiat currencies.
BAKE to TWD
1 BAKE to NT$ 3.83 TWD
BAKE to CNY
1 BAKE to ¥ 0.8406 CNY
BAKE to USD
1 BAKE to $ 0.1154 USD
BAKE to PAB
1 BAKE to B/. 0.1154 PAB
BAKE to EUR
1 BAKE to € 0.1053 EUR
BAKE to CAD
1 BAKE to $ 0.1642 CAD
BAKE to KRW
1 BAKE to ₩ 168.43 KRW
BAKE to JPY
1 BAKE to ¥ 16.97 JPY
BAKE to GBP
1 BAKE to £ 0.08960 GBP
BAKE to BRL
1 BAKE to R$ 0.6743 BRL
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in BakeryToken.
PI to PAB
1 PI to B/. 0.6306 PAB
FIL to PAB
1 FIL to B/. 2.64 PAB
ATOM to PAB
1 ATOM to B/. 4.71 PAB
USUAL to PAB
1 USUAL to B/. 0.1197 PAB
BTC to PAB
1 BTC to B/. 82,786.23 PAB
CRTS to PAB
1 CRTS to B/. 0.0003446 PAB
ZRO to PAB
1 ZRO to B/. 2.8 PAB
VIDT to PAB
1 VIDT to B/. 0.02299 PAB
AMP to PAB
1 AMP to B/. 0.003582 PAB
BERA to PAB
1 BERA to B/. 5.63 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 BakeryToken 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 BakeryToken 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 BakeryToken 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.
