HERMES
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 Hermes Protocol(HERMES) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 HERMES at a value of 1 HERMES for 0.01 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 Hermes Protocol currency pair is the HERMES to PAB, with for Hermes Protocol's currency code being HERMES. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
HERMES to PAB conversion rate trend
1D7D1M3M1YAll
In the past 1D, Hermes Protocol has changed +7.15% to PAB. Based on the trend and price charts, Hermes Protocol(HERMES) has changed +7.15% to PAB while Panamanian Balboa(PAB) has changed % to HERMES in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.01312 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/07/06 10:49:19(UTC+0)
How to buy Hermes Protocol
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.
Buy Hermes Protocol (HERMES)
Use a variety of payment options to buy Hermes Protocol on Bitget. We'll show you how.
Buy HERMES (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of HERMES with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy HERMES with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
No matching ads found.
Sell HERMES (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of HERMES to PAB. However, you can first exchange HERMES for USDT in the Bitget spot market, and then sell USDT to PAB in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
No matching ads found.
What factors influence the conversion rate of Hermes Protocol to Panamanian Balboa?
Hermes Protocol to Panamanian Balboa is falling this week.Hermes Protocol's current market price is B/. 0.01312 per HERMES, with a total market cap of B/. 0 PAB based on a circulating supply of -- HERMES. The trading volume of Hermes Protocol has changed by +40.92% (B/. 32,898.3 PAB) in the last 24 hours. Last trading day, HERMES's trading volume was B/. 80,388.98.
Market cap
$0
24h volume
$113.29K
Circulating supply
0 HERMES
Conversion tables
The exchange rate of Hermes Protocol is decreasing.1 HERMES is currently valued at B/. 0.01312 PAB , which means buying 5 HERMES will cost B/. 0.06562 PAB . Similarly, B/.1 PAB can be traded for 76.2 HERMES, and B/.50 PAB can be converted to 3,809.9 HERMES, excluding any platform or gas fees.
The exchange rate of 1 HERMES to Panamanian Balboa has changed by -29.43% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.15%, reaching a high of 0.01326 PAB and a low of 0.01166 PAB . One month ago, the value of 1 HERMES was B/. 0.03685 PAB , which represents a -64.16% change from its current value. Over the last year, Hermes Protocol has changed by , resulting in a change of -67.38% in its value.
-B/.
0.02739PABHERMES to PAB
Amount
10:49 am today
0.5 HERMES
B/.0.006562
1 HERMES
B/.0.01312
5 HERMES
B/.0.06562
10 HERMES
B/.0.1312
50 HERMES
B/.0.6562
100 HERMES
B/.1.31
500 HERMES
B/.6.56
1000 HERMES
B/.13.12
PAB to HERMES
Amount10:49 am today
0.5PAB38.1 HERMES
1PAB76.2 HERMES
5PAB380.99 HERMES
10PAB761.98 HERMES
50PAB3,809.9 HERMES
100PAB7,619.8 HERMES
500PAB38,098.98 HERMES
1000PAB76,197.97 HERMES
Today vs. 24 hours ago
| Amount | 10:49 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 HERMES | $0.006562 | $0.006120 | +7.15% |
| 1 HERMES | $0.01312 | $0.01224 | +7.15% |
| 5 HERMES | $0.06562 | $0.06120 | +7.15% |
| 10 HERMES | $0.1312 | $0.1224 | +7.15% |
| 50 HERMES | $0.6562 | $0.6120 | +7.15% |
| 100 HERMES | $1.31 | $1.22 | +7.15% |
| 500 HERMES | $6.56 | $6.12 | +7.15% |
| 1000 HERMES | $13.12 | $12.24 | +7.15% |
Today vs. 1 month ago
| Amount | 10:49 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 HERMES | $0.006562 | $0.01843 | -64.16% |
| 1 HERMES | $0.01312 | $0.03685 | -64.16% |
| 5 HERMES | $0.06562 | $0.1843 | -64.16% |
| 10 HERMES | $0.1312 | $0.3685 | -64.16% |
| 50 HERMES | $0.6562 | $1.84 | -64.16% |
| 100 HERMES | $1.31 | $3.69 | -64.16% |
| 500 HERMES | $6.56 | $18.43 | -64.16% |
| 1000 HERMES | $13.12 | $36.85 | -64.16% |
Today vs. 1 year ago
| Amount | 10:49 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 HERMES | $0.006562 | $0.02026 | -67.38% |
| 1 HERMES | $0.01312 | $0.04051 | -67.38% |
| 5 HERMES | $0.06562 | $0.2026 | -67.38% |
| 10 HERMES | $0.1312 | $0.4051 | -67.38% |
| 50 HERMES | $0.6562 | $2.03 | -67.38% |
| 100 HERMES | $1.31 | $4.05 | -67.38% |
| 500 HERMES | $6.56 | $20.26 | -67.38% |
| 1000 HERMES | $13.12 | $40.51 | -67.38% |
Hermes Protocol price prediction
What will the price of HERMES be in 2025?
Based on HERMES's historical price performance prediction model, the price of HERMES is projected to reach $0.02102 in 2025.
What will the price of HERMES be in 2030?
In 2030, the HERMES price is expected to change by -15.00%. By the end of 2030, the HERMES price is projected to reach $0.03491, with a cumulative ROI of +165.99%.
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
A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin
APR
Action
Purchase other cryptocurrencies with similar market cap
Popular Hermes Protocol conversions
Check out these popular currency conversions of Hermes Protocol to several fiat currencies.
Hermes Protocol to USD
1 HERMES to $ 0.01312 USD
Hermes Protocol to GBP
1 HERMES to £ 0.01025 GBP
Hermes Protocol to EUR
1 HERMES to € 0.01211 EUR
Hermes Protocol to KRW
1 HERMES to ₩ 18.08 KRW
Hermes Protocol to CAD
1 HERMES to $ 0.01793 CAD
Hermes Protocol to AUD
1 HERMES to $ 0.01944 AUD
Hermes Protocol to JPY
1 HERMES to ¥ 2.11 JPY
Hermes Protocol to BRL
1 HERMES to R$ 0.07186 BRL
Hermes Protocol to CNY
1 HERMES to ¥ 0.09555 CNY
Hermes Protocol to TWD
1 HERMES to NT$ 0.4253 TWD
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in Hermes Protocol.
Bitcoin to PAB
1 BTC to B/. 56,730.55 PAB
Pepe to PAB
1 PEPE to B/. 0.{5}9151 PAB
Solana to PAB
1 SOL to B/. 139.7 PAB
LayerZero to PAB
1 ZRO to B/. 4.21 PAB
Notcoin to PAB
1 NOT to B/. 0.01035 PAB
Ethereum to PAB
1 ETH to B/. 3,005.97 PAB
Toncoin to PAB
1 TON to B/. 7.57 PAB
Hoppy to PAB
1 HOPPY to B/. -- PAB
Arbitrum to PAB
1 ARB to B/. 0.6323 PAB
Ondo to PAB
1 ONDO to B/. 1 PAB
Discover more cryptocurrencies
Here are the top 20 cryptocurrencies by market cap.
Latest coin listings on Bitget
New listings
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 Hermes Protocol 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 Hermes Protocol 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 Hermes Protocol 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.
Buy Hermes Protocol for 1 PAB
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Hermes Protocol now
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.
