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Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.81%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$85555.92 (+1.94%)Fear and Greed Index30(Fear)
Total spot Bitcoin ETF netflow +$83.1M (1D); +$549.9M (7D).Coins listed in Pre-MarketNIL,PAWS,WCTWelcome 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 share60.81%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$85555.92 (+1.94%)Fear and Greed Index30(Fear)
Total spot Bitcoin ETF netflow +$83.1M (1D); +$549.9M (7D).Coins listed in Pre-MarketNIL,PAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Algorand (ALGO) has been listed in the Innovation and Layer1 Zone. You can quickly sell or buy ALGO. Spot Trading Link:
ALGO/USDT.
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ALGO
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 Algorand(ALGO) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 ALGO at a value of 1 ALGO for 0.19 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 Algorand currency pair is the ALGO to PAB, with for Algorand's currency code being ALGO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
ALGO to PAB conversion rate trend
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In the past 1D, Algorand has changed +1.16% to PAB. Based on the trend and price charts, Algorand(ALGO) has changed +1.16% to PAB while Panamanian Balboa(PAB) has changed % to ALGO in the last 24 hours.
ALGO to PAB market statistics
ALGO/PAB:
B/. 0.1900
ALGO 24h volume:
B/. 52,033,041.67
ALGO market cap:
B/. 1,618,250,645.23
ALGO circulating supply:
8.52B ALGO
More info about Algorand on Bitget
Current ALGO to PAB exchange rate
Algorand to Panamanian Balboa is rising this week.Algorand's current market price is B/. 0.1900 per ALGO, with a total market cap of B/. 1,618,250,645.23 PAB based on a circulating supply of 8,515,614,700 ALGO. The trading volume of Algorand has changed by +19.04% (B/. 8,322,122 PAB) in the last 24 hours. Last trading day, ALGO's trading volume was B/. 43,710,919.67.
ALGO to PAB Conversion tables
The exchange rate of Algorand is decreasing.1 ALGO is currently valued at B/. 0.1900 PAB , which means buying 5 ALGO will cost B/. 0.9502 PAB . Similarly, B/.1 PAB can be traded for 5.26 ALGO, and B/.50 PAB can be converted to 263.11 ALGO, excluding any platform or gas fees.
The exchange rate of 1 ALGO to Panamanian Balboa has changed by +2.35% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.16%, reaching a high of 0.1915 PAB and a low of 0.1872 PAB . One month ago, the value of 1 ALGO was B/. 0.2615 PAB , which represents a -27.32% change from its current value. Over the last year, Algorand has changed by , resulting in a change of -24.51% in its value.
-B/.
0.06170PABALGO to PAB
Amount
23:21 today
0.5 ALGO
B/.0.09502
1 ALGO
B/.0.1900
5 ALGO
B/.0.9502
10 ALGO
B/.1.9
50 ALGO
B/.9.5
100 ALGO
B/.19
500 ALGO
B/.95.02
1000 ALGO
B/.190.03
PAB to ALGO
Amount23:21 today
0.5PAB2.63 ALGO
1PAB5.26 ALGO
5PAB26.31 ALGO
10PAB52.62 ALGO
50PAB263.11 ALGO
100PAB526.22 ALGO
500PAB2,631.12 ALGO
1000PAB5,262.23 ALGO
ALGO to PAB Today vs. 24 hours ago
| Amount | 23:21 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ALGO | B/.0.09502 | B/.0.09393 | +1.16% |
| 1 ALGO | B/.0.1900 | B/.0.1879 | +1.16% |
| 5 ALGO | B/.0.9502 | B/.0.9393 | +1.16% |
| 10 ALGO | B/.1.9 | B/.1.88 | +1.16% |
| 50 ALGO | B/.9.5 | B/.9.39 | +1.16% |
| 100 ALGO | B/.19 | B/.18.79 | +1.16% |
| 500 ALGO | B/.95.02 | B/.93.93 | +1.16% |
| 1000 ALGO | B/.190.03 | B/.187.86 | +1.16% |
ALGO to PAB Today vs. 1 month ago
| Amount | 23:21 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ALGO | B/.0.09502 | B/.0.1307 | -27.32% |
| 1 ALGO | B/.0.1900 | B/.0.2615 | -27.32% |
| 5 ALGO | B/.0.9502 | B/.1.31 | -27.32% |
| 10 ALGO | B/.1.9 | B/.2.61 | -27.32% |
| 50 ALGO | B/.9.5 | B/.13.07 | -27.32% |
| 100 ALGO | B/.19 | B/.26.15 | -27.32% |
| 500 ALGO | B/.95.02 | B/.130.73 | -27.32% |
| 1000 ALGO | B/.190.03 | B/.261.45 | -27.32% |
ALGO to PAB Today vs. 1 year ago
| Amount | 23:21 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ALGO | B/.0.09502 | B/.0.1259 | -24.51% |
| 1 ALGO | B/.0.1900 | B/.0.2517 | -24.51% |
| 5 ALGO | B/.0.9502 | B/.1.26 | -24.51% |
| 10 ALGO | B/.1.9 | B/.2.52 | -24.51% |
| 50 ALGO | B/.9.5 | B/.12.59 | -24.51% |
| 100 ALGO | B/.19 | B/.25.17 | -24.51% |
| 500 ALGO | B/.95.02 | B/.125.87 | -24.51% |
| 1000 ALGO | B/.190.03 | B/.251.73 | -24.51% |
How to convert ALGO to PAB
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Convert ALGO to PAB
Use a variety of payment options to buy Algorand on Bitget. We'll show you how.
Learn MoreBuy ALGO (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of ALGO with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy ALGO with USDT via Bitget spot market.
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Sell ALGO (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of ALGO to PAB. However, you can first exchange ALGO 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 ALGO to PAB?
There are many factors that affect the relationship between Algorand 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 ALGO/PAB. When there is positive news in the market about the widespread adoption of ALGO or major technological breakthroughs, it tends to trigger market optimism and drive the rise of ALGO/PAB. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in ALGO/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 ALGO/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 Algorand and adjust their investment strategies accordingly in the evolving market.
Algorand price prediction
What will the price of ALGO be in 2026?
Based on ALGO's historical price performance prediction model, the price of ALGO is projected to reach $0.2323 in 2026.
What will the price of ALGO be in 2031?
In 2031, the ALGO price is expected to change by +23.00%. By the end of 2031, the ALGO price is projected to reach $0.5460, with a cumulative ROI of +189.28%.
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Popular Algorand Converter
Check out these popular currency conversions of Algorand to several fiat currencies.
ALGO to TWD
1 ALGO to NT$ 6.27 TWD
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1 ALGO to ¥ 1.38 CNY
ALGO to USD
1 ALGO to $ 0.1900 USD
ALGO to PAB
1 ALGO to B/. 0.1900 PAB
ALGO to AUD
1 ALGO to $ 0.3026 AUD
ALGO to EUR
1 ALGO to € 0.1756 EUR
ALGO to CAD
1 ALGO to $ 0.2725 CAD
ALGO to KRW
1 ALGO to ₩ 278.31 KRW
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1 ALGO to ¥ 28.42 JPY
ALGO to GBP
1 ALGO to £ 0.1471 GBP
ALGO to BRL
1 ALGO to R$ 1.09 BRL
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1 MUBARAK to B/. 0.1475 PAB
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1 FORM to B/. 2.02 PAB
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1 LINK to B/. 14.34 PAB
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1 AUCTION to B/. 20.93 PAB
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1 FLOKI to B/. 0.{4}6299 PAB
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1 DF to B/. 0.07340 PAB
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1 CYBER to B/. 1.51 PAB
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1 SHELL to B/. 0.2730 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 Algorand 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 Algorand 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 Algorand 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.
