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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.99%
New listings on Bitget: Pi Network
BTC/USDT$82711.76 (-0.86%)Fear and Greed Index28(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$120.9M (1D); -$35.8M (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 share61.99%
New listings on Bitget: Pi Network
BTC/USDT$82711.76 (-0.86%)Fear and Greed Index28(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$120.9M (1D); -$35.8M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
RAKE
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 Rake Coin(RAKE) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 RAKE at a value of 1 RAKE for 0.00 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 Rake Coin currency pair is the RAKE to PAB, with for Rake Coin's currency code being RAKE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
RAKE to PAB conversion rate trend
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In the past 1D, Rake Coin has changed -2.10% to PAB. Based on the trend and price charts, Rake Coin(RAKE) has changed -2.10% to PAB while Panamanian Balboa(PAB) has changed % to RAKE in the last 24 hours.
RAKE to PAB market statistics
RAKE/PAB:
B/. 0.{4}1640
RAKE 24h volume:
B/. 64,633.88
RAKE market cap:
B/. 1,151,652.59
RAKE circulating supply:
70.24B RAKE
More info about Rake Coin on Bitget
Current RAKE to PAB exchange rate
Rake Coin to Panamanian Balboa is falling this week.Rake Coin's current market price is B/. 0.{4}1640 per RAKE, with a total market cap of B/. 1,151,652.59 PAB based on a circulating supply of 70,237,920,000 RAKE. The trading volume of Rake Coin has changed by -12.33% (B/. -9,092.87 PAB) in the last 24 hours. Last trading day, RAKE's trading volume was B/. 73,726.75.
RAKE to PAB Conversion tables
The exchange rate of Rake Coin is decreasing.1 RAKE is currently valued at B/. 0.{4}1640 PAB , which means buying 5 RAKE will cost B/. 0.{4}8198 PAB . Similarly, B/.1 PAB can be traded for 60,988.81 RAKE, and B/.50 PAB can be converted to 3,049,440.58 RAKE, excluding any platform or gas fees.
The exchange rate of 1 RAKE to Panamanian Balboa has changed by -10.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.10%, reaching a high of 0.{4}1750 PAB and a low of 0.{4}1555 PAB . One month ago, the value of 1 RAKE was B/. 0.{4}3674 PAB , which represents a -55.50% change from its current value. Over the last year, Rake Coin has changed by , resulting in a change of -82.26% in its value.
-B/.
0.{4}7561PABRAKE to PAB
Amount
04:08 am today
0.5 RAKE
B/.0.{5}8198
1 RAKE
B/.0.{4}1640
5 RAKE
B/.0.{4}8198
10 RAKE
B/.0.0001640
50 RAKE
B/.0.0008198
100 RAKE
B/.0.001640
500 RAKE
B/.0.008198
1000 RAKE
B/.0.01640
PAB to RAKE
Amount04:08 am today
0.5PAB30,494.41 RAKE
1PAB60,988.81 RAKE
5PAB304,944.06 RAKE
10PAB609,888.12 RAKE
50PAB3,049,440.58 RAKE
100PAB6,098,881.16 RAKE
500PAB30,494,405.8 RAKE
1000PAB60,988,811.6 RAKE
RAKE to PAB Today vs. 24 hours ago
| Amount | 04:08 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RAKE | B/.0.{5}8198 | B/.0.{5}8373 | -2.10% |
| 1 RAKE | B/.0.{4}1640 | B/.0.{4}1675 | -2.10% |
| 5 RAKE | B/.0.{4}8198 | B/.0.{4}8373 | -2.10% |
| 10 RAKE | B/.0.0001640 | B/.0.0001675 | -2.10% |
| 50 RAKE | B/.0.0008198 | B/.0.0008373 | -2.10% |
| 100 RAKE | B/.0.001640 | B/.0.001675 | -2.10% |
| 500 RAKE | B/.0.008198 | B/.0.008373 | -2.10% |
| 1000 RAKE | B/.0.01640 | B/.0.01675 | -2.10% |
RAKE to PAB Today vs. 1 month ago
| Amount | 04:08 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RAKE | B/.0.{5}8198 | B/.0.{4}1837 | -55.50% |
| 1 RAKE | B/.0.{4}1640 | B/.0.{4}3674 | -55.50% |
| 5 RAKE | B/.0.{4}8198 | B/.0.0001837 | -55.50% |
| 10 RAKE | B/.0.0001640 | B/.0.0003674 | -55.50% |
| 50 RAKE | B/.0.0008198 | B/.0.001837 | -55.50% |
| 100 RAKE | B/.0.001640 | B/.0.003674 | -55.50% |
| 500 RAKE | B/.0.008198 | B/.0.01837 | -55.50% |
| 1000 RAKE | B/.0.01640 | B/.0.03674 | -55.50% |
RAKE to PAB Today vs. 1 year ago
| Amount | 04:08 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RAKE | B/.0.{5}8198 | B/.0.{4}4600 | -82.26% |
| 1 RAKE | B/.0.{4}1640 | B/.0.{4}9200 | -82.26% |
| 5 RAKE | B/.0.{4}8198 | B/.0.0004600 | -82.26% |
| 10 RAKE | B/.0.0001640 | B/.0.0009200 | -82.26% |
| 50 RAKE | B/.0.0008198 | B/.0.004600 | -82.26% |
| 100 RAKE | B/.0.001640 | B/.0.009200 | -82.26% |
| 500 RAKE | B/.0.008198 | B/.0.04600 | -82.26% |
| 1000 RAKE | B/.0.01640 | B/.0.09200 | -82.26% |
How to convert RAKE to PAB
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.
Convert RAKE to PAB
Use a variety of payment options to buy Rake Coin on Bitget. We'll show you how.
Buy RAKE (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of RAKE with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy RAKE 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 RAKE (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of RAKE to PAB. However, you can first exchange RAKE 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 RAKE to PAB?
There are many factors that affect the relationship between Rake Coin 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 RAKE/PAB. When there is positive news in the market about the widespread adoption of RAKE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of RAKE/PAB. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in RAKE/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 RAKE/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 Rake Coin and adjust their investment strategies accordingly in the evolving market.
Rake Coin price prediction
What will the price of RAKE be in 2026?
Based on RAKE's historical price performance prediction model, the price of RAKE is projected to reach $0.{4}3675 in 2026.
What will the price of RAKE be in 2031?
In 2031, the RAKE price is expected to change by -1.00%. By the end of 2031, the RAKE price is projected to reach $0.{4}7364, with a cumulative ROI of +335.38%.
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Popular Rake Coin Converter
Check out these popular currency conversions of Rake Coin to several fiat currencies.
RAKE to TWD
1 RAKE to NT$ 0.0005404 TWD
RAKE to CNY
1 RAKE to ¥ 0.0001193 CNY
RAKE to USD
1 RAKE to $ 0.{4}1640 USD
RAKE to PAB
1 RAKE to B/. 0.{4}1640 PAB
RAKE to EUR
1 RAKE to € 0.{4}1481 EUR
RAKE to CAD
1 RAKE to $ 0.{4}2306 CAD
RAKE to KRW
1 RAKE to ₩ 0.02353 KRW
RAKE to JPY
1 RAKE to ¥ 0.002397 JPY
RAKE to GBP
1 RAKE to £ 0.{4}1251 GBP
RAKE to BRL
1 RAKE to R$ 0.{4}9238 BRL
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in Rake Coin.
DGB to PAB
1 DGB to B/. 0.01038 PAB
FUN to PAB
1 FUN to B/. 0.006128 PAB
ATOM to PAB
1 ATOM to B/. 4.8 PAB
ACH to PAB
1 ACH to B/. 0.02091 PAB
RARE to PAB
1 RARE to B/. 0.06941 PAB
BNB to PAB
1 BNB to B/. 592.3 PAB
RSR to PAB
1 RSR to B/. 0.006615 PAB
BSW to PAB
1 BSW to B/. 0.01806 PAB
PI to PAB
1 PI to B/. 0.5586 PAB
VOXEL to PAB
1 VOXEL to B/. 0.03752 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 Rake Coin 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 Rake Coin 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 Rake Coin 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.
