BAKE
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 BakeryToken(BAKE) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 BAKE at a value of 1 BAKE for 0.25 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 BakeryToken currency pair is the BAKE to PAB, with for BakeryToken's currency code being BAKE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
BAKE to PAB conversion rate trend
1D7D1M3M1YAll
In the past 1D, BakeryToken has changed -0.26% to PAB. Based on the trend and price charts, BakeryToken(BAKE) has changed -0.26% to PAB while Panamanian Balboa(PAB) has changed % to BAKE in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.2400 | 0.0200% / 0.0320%  VIP 7 | |
Binance | B/.0.2434 | 0.1000% / 0.1000% | Yes |
Huobi | B/.0.2435 | 0.1000% / 0.1000% | Yes |
Gate.io | B/.0.2430 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/21 08:00:15(UTC+0)
How to buy BakeryToken
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 BakeryToken (BAKE)
Use a variety of payment options to buy BakeryToken on Bitget. We'll show you how.
Buy BAKE (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of BAKE with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy BAKE 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 BAKE (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of BAKE to PAB. However, you can first exchange BAKE for USDT in the Bitget spot market, and then sell USDT to USD 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 BakeryToken to Panamanian Balboa?
BakeryToken to Panamanian Balboa is rising this week.BakeryToken's current market price is B/. 0.2479 per BAKE, with a total market cap of B/. 71,830,328.35 PAB based on a circulating supply of 289,770,500 BAKE. The trading volume of BakeryToken has changed by +28.59% (B/. 3,550,613.28 PAB) in the last 24 hours. Last trading day, BAKE's trading volume was B/. 12,419,334.72.
Market cap
$71.83M
24h volume
$15.97M
Circulating supply
289.77M BAKE
Conversion tables
The exchange rate of BakeryToken is decreasing.1 BAKE is currently valued at B/. 0.2479 PAB , which means buying 5 BAKE will cost B/. 1.24 PAB . Similarly, B/.1 PAB can be traded for 4.03 BAKE, and B/.50 PAB can be converted to 201.7 BAKE, excluding any platform or gas fees.
The exchange rate of 1 BAKE to Panamanian Balboa has changed by +0.80% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.26%, reaching a high of 0.2511 PAB and a low of 0.2345 PAB . One month ago, the value of 1 BAKE was B/. 0.2707 PAB , which represents a -8.46% change from its current value. Over the last year, BakeryToken has changed by , resulting in a change of +83.64% in its value.
+B/.
0.1123PABBAKE to PAB
Amount
16:23 today
0.5 BAKE
B/.0.1239
1 BAKE
B/.0.2479
5 BAKE
B/.1.24
10 BAKE
B/.2.48
50 BAKE
B/.12.39
100 BAKE
B/.24.79
500 BAKE
B/.123.94
1000 BAKE
B/.247.89
PAB to BAKE
Amount16:23 today
0.5PAB2.02 BAKE
1PAB4.03 BAKE
5PAB20.17 BAKE
10PAB40.34 BAKE
50PAB201.7 BAKE
100PAB403.41 BAKE
500PAB2,017.05 BAKE
1000PAB4,034.1 BAKE
Today vs. 24 hours ago
| Amount | 16:23 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BAKE | $0.1239 | $0.1243 | -0.26% |
| 1 BAKE | $0.2479 | $0.2485 | -0.26% |
| 5 BAKE | $1.24 | $1.24 | -0.26% |
| 10 BAKE | $2.48 | $2.49 | -0.26% |
| 50 BAKE | $12.39 | $12.43 | -0.26% |
| 100 BAKE | $24.79 | $24.85 | -0.26% |
| 500 BAKE | $123.94 | $124.27 | -0.26% |
| 1000 BAKE | $247.89 | $248.54 | -0.26% |
Today vs. 1 month ago
| Amount | 16:23 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BAKE | $0.1239 | $0.1353 | -8.46% |
| 1 BAKE | $0.2479 | $0.2707 | -8.46% |
| 5 BAKE | $1.24 | $1.35 | -8.46% |
| 10 BAKE | $2.48 | $2.71 | -8.46% |
| 50 BAKE | $12.39 | $13.53 | -8.46% |
| 100 BAKE | $24.79 | $27.07 | -8.46% |
| 500 BAKE | $123.94 | $135.33 | -8.46% |
| 1000 BAKE | $247.89 | $270.66 | -8.46% |
Today vs. 1 year ago
| Amount | 16:23 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BAKE | $0.1239 | $0.06780 | +83.64% |
| 1 BAKE | $0.2479 | $0.1356 | +83.64% |
| 5 BAKE | $1.24 | $0.6780 | +83.64% |
| 10 BAKE | $2.48 | $1.36 | +83.64% |
| 50 BAKE | $12.39 | $6.78 | +83.64% |
| 100 BAKE | $24.79 | $13.56 | +83.64% |
| 500 BAKE | $123.94 | $67.8 | +83.64% |
| 1000 BAKE | $247.89 | $135.59 | +83.64% |
BakeryToken price prediction
What will the price of BAKE be in 2025?
Based on BAKE's historical price performance prediction model, the price of BAKE is projected to reach $0.3970 in 2025.
What will the price of BAKE be in 2030?
In 2030, the BAKE price is expected to change by 0.00%. By the end of 2030, the BAKE price is projected to reach $0.9939, with a cumulative ROI of +291.85%.
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(PEPECOIN)Price predictions
Pandora(PANDORA)Price predictions
ORDI(ORDI)Price predictions
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 BakeryToken conversions
Check out these popular currency conversions of BakeryToken to several fiat currencies.
BakeryToken to USD
1 BAKE to $ 0.2479 USD
BakeryToken to GBP
1 BAKE to £ 0.1964 GBP
BakeryToken to EUR
1 BAKE to € 0.2358 EUR
BakeryToken to KRW
1 BAKE to ₩ 346.85 KRW
BakeryToken to CAD
1 BAKE to $ 0.3458 CAD
BakeryToken to AUD
1 BAKE to $ 0.3805 AUD
BakeryToken to JPY
1 BAKE to ¥ 38.28 JPY
BakeryToken to BRL
1 BAKE to R$ 1.44 BRL
BakeryToken to CNY
1 BAKE to ¥ 1.8 CNY
BakeryToken to TWD
1 BAKE to NT$ 8.07 TWD
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in BakeryToken.
MAD to PAB
1 MAD to B/. -- PAB
XRP to PAB
1 XRP to B/. 1.1 PAB
EGO to PAB
1 EGO to B/. 0.02424 PAB
Sharpe AI to PAB
1 SAI to B/. 0.03283 PAB
Solana to PAB
1 SOL to B/. 249.91 PAB
Bitcoin to PAB
1 BTC to B/. 96,686.99 PAB
Dogecoin to PAB
1 DOGE to B/. 0.3807 PAB
Pepe to PAB
1 PEPE to B/. 0.{4}2058 PAB
Peanut the Squirrel to PAB
1 PNUT to B/. 1.36 PAB
Sui to PAB
1 SUI to B/. 3.55 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 BakeryToken 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 BakeryToken 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 BakeryToken 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.
