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.
HELLO to PAB conversion rate trend
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.02336 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | B/.0.02337 | 0.1000% / 0.1000% | Yes |
How to buy HELLO Labs
Buy HELLO (or USDT) for PAB (Panamanian Balboa) offers
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
Sell HELLO (or USDT) for PAB (Panamanian Balboa) offers
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
What factors influence the conversion rate of HELLO Labs to Panamanian Balboa?
HELLO Labs to Panamanian Balboa is rising this week.Conversion tables
The exchange rate of HELLO Labs is decreasing.HELLO to PAB
PAB to HELLO
Today vs. 24 hours ago
| Amount | 07:58 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 HELLO | $0.01161 | $0.01147 | +1.25% |
| 1 HELLO | $0.02322 | $0.02293 | +1.25% |
| 5 HELLO | $0.1161 | $0.1147 | +1.25% |
| 10 HELLO | $0.2322 | $0.2293 | +1.25% |
| 50 HELLO | $1.16 | $1.15 | +1.25% |
| 100 HELLO | $2.32 | $2.29 | +1.25% |
| 500 HELLO | $11.61 | $11.47 | +1.25% |
| 1000 HELLO | $23.22 | $22.93 | +1.25% |
Today vs. 1 month ago
| Amount | 07:58 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 HELLO | $0.01161 | $0.01630 | -28.75% |
| 1 HELLO | $0.02322 | $0.03260 | -28.75% |
| 5 HELLO | $0.1161 | $0.1630 | -28.75% |
| 10 HELLO | $0.2322 | $0.3260 | -28.75% |
| 50 HELLO | $1.16 | $1.63 | -28.75% |
| 100 HELLO | $2.32 | $3.26 | -28.75% |
| 500 HELLO | $11.61 | $16.3 | -28.75% |
| 1000 HELLO | $23.22 | $32.6 | -28.75% |
Today vs. 1 year ago
| Amount | 07:58 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 HELLO | $0.01161 | $0.02064 | -43.72% |
| 1 HELLO | $0.02322 | $0.04129 | -43.72% |
| 5 HELLO | $0.1161 | $0.2064 | -43.72% |
| 10 HELLO | $0.2322 | $0.4129 | -43.72% |
| 50 HELLO | $1.16 | $2.06 | -43.72% |
| 100 HELLO | $2.32 | $4.13 | -43.72% |
| 500 HELLO | $11.61 | $20.64 | -43.72% |
| 1000 HELLO | $23.22 | $41.29 | -43.72% |
HELLO Labs price prediction
What will the price of HELLO be in 2025?
What will the price of HELLO be in 2030?
Other crypto price predictions
Bitcoin(BTC)Price predictions
Ethereum(ETH)Price predictions
Celestia(TIA)Price predictions
Solana(SOL)Price predictions
Worldcoin(WLD)Price predictions
Bittensor(TAO)Price predictions
Dogecoin(DOGE)Price predictions
PepeCoin(PEPE)Price predictions
Pandora(PANDORA)Price predictions
ORDI(ORDI)Price predictionsConvert popular cryptocurrencies
Bitget Earn
APR
Purchase other cryptocurrencies with similar market cap
Popular HELLO Labs conversions
Popular cryptocurrencies to PAB
Discover more cryptocurrencies
Latest coin listings on Bitget
FAQ
Buy HELLO Labs for 1 PAB
A welcome pack worth 1000 USDT for new Bitgetters!
