Bitget converter provides MKR to PAB real-time exchange rates, making it easy to convert Maker (MKR) to Panamanian Balboa (PAB). The conversion result is based on real-time data. The conversion result shows that 1 MKR is currently valued at 1,892.81 PAB. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MKR is currently valued at 1,892.81 PAB, which means buying 5 MKR would cost 9,464.06 PAB. Similarly, B/.1 PAB can be converted to 0.0005283 MKR, and B/.50 PAB can be converted to 0.002642 MKR, excluding any platform or gas fees.
In the table above, you'll find a comprehensive MKR to PAB converter that shows the value of Maker in Panamanian Balboa across commonly used conversion amounts. The list covers conversions from 1 MKR to PAB, all the way up to 10000 MKR, providing a clear view of their respective values.
In the table above, you'll find a comprehensive PAB to MKR converter that shows the value of Panamanian Balboa in Maker across commonly used conversion amounts. The list covers conversions from 1 PAB to MKR, all the way up to 100000 PAB, providing a clear view of their respective values.
In the past 1D, Maker has changed +1.23% to PAB. Based on the trend and price charts, Maker(MKR) has changed +1.23% to PAB while Panamanian Balboa(PAB) has changed % to MKR in the last 24 hours.
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MKR to PAB conversion data: Volatility and price changes of Maker in PAB
The highest Maker price in PAB over the past 7 days was 2,068.81 PAB while the lowest Maker price in PAB over the past 7 days was 1,643.92 PAB. The relative change between the highs and lows in Maker price in PAB over the last 7 days indicates a volatility of %. You can view additional volatility data and MKR to PAB prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours
Last 7 days
Last 30 days
Last 90 days
High
2,068.81 PAB
2,068.81 PAB
2,286.22 PAB
2,286.22 PAB
Low
1,961.4 PAB
1,643.92 PAB
1,516.93 PAB
1,049.56 PAB
Average
0 PAB
0 PAB
0 PAB
0 PAB
Volatility
%
%
%
%
Change
+1.23%
-0.07%
+22.90%
+40.15%
Maker information
MKR to PAB market statistics
MKR/PAB:
B/.1,892.81
MKR 24h volume:
B/.63,018,736.03
MKR market cap:
--
MKR circulating supply:
0 MKR
Current MKR to PAB exchange rate
Maker to Panamanian Balboa is falling this week.
Maker's current market price is B/.1,892.81 per MKR, with a total market cap of B/.0 PAB based on a circulating supply of -- MKR. The trading volume of Maker has changed by -1.66% (B/.-1,065,724.58 PAB) in the last 24 hours. Last trading day, MKR's trading volume was B/.64,084,460.61.
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 Maker currency pair is the MKR to PAB, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
The exchange rate of 1 MKR to Panamanian Balboa has changed by -0.07% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.23%, reaching a high of 2,068.81 PAB and a low of 1,961.4 PAB . One month ago, the value of 1 MKR was B/.1,517.01 PAB , which represents a +22.90% change from its current value. Over the last year, Maker has changed by
-B/.
165.13PAB
, resulting in a change of -7.57% in its value.
24 hours ago1 month ago1 year ago
Amount
10:14 am today
24 hours ago
24h change
0.5 MKR
B/.946.41
B/.934.17
+1.23%
1 MKR
B/.1,892.81
B/.1,868.35
+1.23%
5 MKR
B/.9,464.06
B/.9,341.75
+1.23%
10 MKR
B/.18,928.12
B/.18,683.49
+1.23%
50 MKR
B/.94,640.6
B/.93,417.47
+1.23%
100 MKR
B/.189,281.19
B/.186,834.94
+1.23%
500 MKR
B/.946,405.95
B/.934,174.7
+1.23%
1000 MKR
B/.1,892,811.9
B/.1,868,349.4
+1.23%
MKR to PAB FAQ
How much is 1 Maker in PAB?
Right now, the price of 1 Maker (MKR) in Panamanian Balboa (PAB) is B/.1,892.81.
How much MKR can I buy for 1 PAB?
Based on the current exchange rate, you can get 0.0005283 MKR for 1 PAB.
How do I calculate or convert MKR to PAB?
You can use our MKR to PAB calculator at the top of this page to convert any amount of MKR to PAB. We've also included quick-reference tables for the most popular conversions. For example, 5 PAB is equivalent to 0.002642 MKR, while 5 MKR will cost around 9,464.06PAB.
What is the highest price of MKR/PAB in history?
The all-time high price of 1 MKR in PAB is B/.6,339.02. It remains to be seen if the value of 1 MKR/PAB will exceed the current all-time high.
What is the price trend of Maker in PAB?
Over the past 7 days, the exchange rate of Maker (MKR) has gone down by 0.07%.
Over the last month, the exchange rate of Maker (MKR) has gone up by 22.90% against Panamanian Balboa (PAB).
What factors influence the conversion rate of MKR to PAB?
There are many factors that affect the relationship between Maker 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 MKR/PAB. When there is positive news in the market about the widespread adoption of MKR or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MKR/PAB. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MKR/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.
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 MKR/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 Maker and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular Maker currency pairs: MKR to US Dollar (USD), MKR to Euro (EUR), MKR to Pound Sterling (GBP), MKR to Canadian Dollar (CAD), MKR to Indian Rupee (INR), MKR to Pakistani Rupee (PKR), MKR to Brazilian Real (BRL), MKR to… The price of Maker in the US is $1,892.81 USD. Additionally, Maker’s price is €1,614.19 EUR in the eurozone, £1,376.45 GBP in the UK, C$2,590.69 CAD in Canada, ₹162,260.35 INR in India, ₨536,943.42 PKR in Pakistan, R$10,517.79 BRL in Brazil, and more. The most popular Maker currency pair is the MKR to Panamanian Balboa(PAB). The price of 1 Maker (MKR) in Panamanian Balboa (PAB) is B/.1,892.81.
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.