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Golem to Panamanian Balboa Converter and calculator

Convert 1Golem (GLM) to Panamanian Balboa (PAB) equals B/. 0.4877 | 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 Golem(GLM) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 GLM at a value of 1 GLM for 0.49 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 Golem currency pair is the GLM to PAB, with for Golem's currency code being GLM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

GLM to PAB conversion rate trend

1D7D1M3M1YAll
In the past 1D, Golem has changed -1.76% to PAB. Based on the trend and price charts, Golem(GLM) has changed -1.76% to PAB while Panamanian Balboa(PAB) has changed % to GLM in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
B/.0.4883
0.0001% / 0.0004%vip-iconVIP
Binance
B/.0.4883
0.1000% / 0.1000%
Yes
OKX
B/.0.4893
0.080% / 0.100%
Yes
Huobi
B/.0.4881
0.1000% / 0.1000%
Yes
Gate.io
B/.0.4896
0.1000% / 0.1000%
Yes
KuCoin
B/.0.4875
0.1000% / 0.1000%
Yes
Last updated 2024/06/02 18:00:17(UTC+0)

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What factors influence the conversion rate of Golem to Panamanian Balboa?

Golem to Panamanian Balboa is falling this week.
Golem's current market price is B/. 0.4877 per GLM, with a total market cap of B/. 487,650,866.41 PAB based on a circulating supply of 1,000,000,000 GLM. The trading volume of Golem has changed by -1.40% (B/. -117,591.95 PAB) in the last 24 hours. Last trading day, GLM's trading volume was B/. 8,374,301.94.
Market cap
$487.65M
24h volume
$8.26M
Circulating supply
1.00B GLM

Conversion tables

The exchange rate of Golem is increasing.
1 GLM is currently valued at B/. 0.4877 PAB , which means buying 5 GLM will cost B/. 2.44 PAB . Similarly, B/.1 PAB can be traded for 2.05 GLM, and B/.50 PAB can be converted to 102.53 GLM, excluding any platform or gas fees.
The exchange rate of 1 GLM to Panamanian Balboa has changed by -6.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.76%, reaching a high of 0.5006 PAB and a low of 0.4848 PAB . One month ago, the value of 1 GLM was B/. 0.4531 PAB , which represents a +7.62% change from its current value. Over the last year, Golem has changed by
+B/.
0.2800PAB
, resulting in a change of +134.81% in its value.

GLM to PAB

Amount
18:30 today
0.5 GLM
B/.0.2438
1 GLM
B/.0.4877
5 GLM
B/.2.44
10 GLM
B/.4.88
50 GLM
B/.24.38
100 GLM
B/.48.77
500 GLM
B/.243.83
1000 GLM
B/.487.65

PAB to GLM

Amount18:30 today
0.5PAB1.03  GLM
1PAB2.05  GLM
5PAB10.25  GLM
10PAB20.51  GLM
50PAB102.53  GLM
100PAB205.06  GLM
500PAB1,025.32  GLM
1000PAB2,050.65  GLM
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Today vs. 24 hours ago

Amount18:30 today24 hours ago24h change
0.5 GLM$0.2438$0.2482
-1.76%
1 GLM$0.4877$0.4964
-1.76%
5 GLM$2.44$2.48
-1.76%
10 GLM$4.88$4.96
-1.76%
50 GLM$24.38$24.82
-1.76%
100 GLM$48.77$49.64
-1.76%
500 GLM$243.83$248.21
-1.76%
1000 GLM$487.65$496.41
-1.76%

Today vs. 1 month ago

Amount18:30 today1 month ago1M change
0.5 GLM$0.2438$0.2266
+7.62%
1 GLM$0.4877$0.4531
+7.62%
5 GLM$2.44$2.27
+7.62%
10 GLM$4.88$4.53
+7.62%
50 GLM$24.38$22.66
+7.62%
100 GLM$48.77$45.31
+7.62%
500 GLM$243.83$226.55
+7.62%
1000 GLM$487.65$453.11
+7.62%
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Today vs. 1 year ago

Amount18:30 today1 year ago1Y change
0.5 GLM$0.2438$0.1038
+134.81%
1 GLM$0.4877$0.2076
+134.81%
5 GLM$2.44$1.04
+134.81%
10 GLM$4.88$2.08
+134.81%
50 GLM$24.38$10.38
+134.81%
100 GLM$48.77$20.76
+134.81%
500 GLM$243.83$103.82
+134.81%
1000 GLM$487.65$207.63
+134.81%

Golem price prediction

What will the price of GLM be in 2025?

Based on GLM's historical price performance prediction model, the price of GLM is projected to reach $0.6727 in 2025.

What will the price of GLM be in 2030?

In 2030, the GLM price is expected to rise by -12.00%. By the end of 2030, the GLM price is projected to reach $0.5703, with a cumulative ROI of +16.94%.
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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 Golem 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 Golem 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 Golem 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.

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