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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.15%
BTC/USDT$82792.02 (-0.47%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome 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 share62.15%
BTC/USDT$82792.02 (-0.47%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
MIM
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 Magic Internet Money(MIM) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 MIM at a value of 1 MIM for 1.00 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 Magic Internet Money currency pair is the MIM to PAB, with for Magic Internet Money's currency code being MIM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
MIM to PAB conversion rate trend
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In the past 1D, Magic Internet Money has changed +0.17% to PAB. Based on the trend and price charts, Magic Internet Money(MIM) has changed +0.17% to PAB while Panamanian Balboa(PAB) has changed % to MIM in the last 24 hours.
MIM to PAB market statistics
MIM/PAB:
B/. 0.9972
MIM 24h volume:
B/. 55,496.52
MIM market cap:
--
MIM circulating supply:
0 MIM
More info about Magic Internet Money on Bitget
Current MIM to PAB exchange rate
Magic Internet Money to Panamanian Balboa is falling this week.Magic Internet Money's current market price is B/. 0.9972 per MIM, with a total market cap of B/. 0 PAB based on a circulating supply of -- MIM. The trading volume of Magic Internet Money has changed by -41.88% (B/. -39,981.86 PAB) in the last 24 hours. Last trading day, MIM's trading volume was B/. 95,478.38.
MIM to PAB Conversion tables
The exchange rate of Magic Internet Money is increasing.1 MIM is currently valued at B/. 0.9972 PAB , which means buying 5 MIM will cost B/. 4.99 PAB . Similarly, B/.1 PAB can be traded for 1 MIM, and B/.50 PAB can be converted to 50.14 MIM, excluding any platform or gas fees.
The exchange rate of 1 MIM to Panamanian Balboa has changed by -0.22% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.17%, reaching a high of 1 PAB and a low of 0.9957 PAB . One month ago, the value of 1 MIM was B/. 0.9966 PAB , which represents a +0.06% change from its current value. Over the last year, Magic Internet Money has changed by , resulting in a change of +1.01% in its value.
+B/.
0.01002PABMIM to PAB
Amount
13:08 today
0.5 MIM
B/.0.4986
1 MIM
B/.0.9972
5 MIM
B/.4.99
10 MIM
B/.9.97
50 MIM
B/.49.86
100 MIM
B/.99.72
500 MIM
B/.498.58
1000 MIM
B/.997.17
PAB to MIM
Amount13:08 today
0.5PAB0.5014 MIM
1PAB1 MIM
5PAB5.01 MIM
10PAB10.03 MIM
50PAB50.14 MIM
100PAB100.28 MIM
500PAB501.42 MIM
1000PAB1,002.84 MIM
MIM to PAB Today vs. 24 hours ago
| Amount | 13:08 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MIM | B/.0.4986 | B/.0.4977 | +0.17% |
| 1 MIM | B/.0.9972 | B/.0.9955 | +0.17% |
| 5 MIM | B/.4.99 | B/.4.98 | +0.17% |
| 10 MIM | B/.9.97 | B/.9.95 | +0.17% |
| 50 MIM | B/.49.86 | B/.49.77 | +0.17% |
| 100 MIM | B/.99.72 | B/.99.55 | +0.17% |
| 500 MIM | B/.498.58 | B/.497.73 | +0.17% |
| 1000 MIM | B/.997.17 | B/.995.45 | +0.17% |
MIM to PAB Today vs. 1 month ago
| Amount | 13:08 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MIM | B/.0.4986 | B/.0.4983 | +0.06% |
| 1 MIM | B/.0.9972 | B/.0.9966 | +0.06% |
| 5 MIM | B/.4.99 | B/.4.98 | +0.06% |
| 10 MIM | B/.9.97 | B/.9.97 | +0.06% |
| 50 MIM | B/.49.86 | B/.49.83 | +0.06% |
| 100 MIM | B/.99.72 | B/.99.66 | +0.06% |
| 500 MIM | B/.498.58 | B/.498.3 | +0.06% |
| 1000 MIM | B/.997.17 | B/.996.6 | +0.06% |
MIM to PAB Today vs. 1 year ago
| Amount | 13:08 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MIM | B/.0.4986 | B/.0.4936 | +1.01% |
| 1 MIM | B/.0.9972 | B/.0.9871 | +1.01% |
| 5 MIM | B/.4.99 | B/.4.94 | +1.01% |
| 10 MIM | B/.9.97 | B/.9.87 | +1.01% |
| 50 MIM | B/.49.86 | B/.49.36 | +1.01% |
| 100 MIM | B/.99.72 | B/.98.71 | +1.01% |
| 500 MIM | B/.498.58 | B/.493.57 | +1.01% |
| 1000 MIM | B/.997.17 | B/.987.15 | +1.01% |
How to convert MIM to PAB
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert MIM to PAB
Use a variety of payment options to buy Magic Internet Money on Bitget. We'll show you how.
Buy MIM (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of MIM with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy MIM with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell MIM (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of MIM to PAB. However, you can first exchange MIM 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 |
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What factors influence the conversion rate of MIM to PAB?
There are many factors that affect the relationship between Magic Internet Money 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 MIM/PAB. When there is positive news in the market about the widespread adoption of MIM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MIM/PAB. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MIM/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 MIM/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 Magic Internet Money and adjust their investment strategies accordingly in the evolving market.
Magic Internet Money price prediction
What will the price of MIM be in 2026?
Based on MIM's historical price performance prediction model, the price of MIM is projected to reach $1.06 in 2026.
What will the price of MIM be in 2031?
In 2031, the MIM price is expected to change by +20.00%. By the end of 2031, the MIM price is projected to reach $1.95, with a cumulative ROI of +95.88%.
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Popular Magic Internet Money Converter
Check out these popular currency conversions of Magic Internet Money to several fiat currencies.
MIM to TWD
1 MIM to NT$ 33.09 TWD
MIM to CNY
1 MIM to ¥ 7.26 CNY
MIM to USD
1 MIM to $ 0.9972 USD
MIM to PAB
1 MIM to B/. 0.9972 PAB
MIM to EUR
1 MIM to € 0.9098 EUR
MIM to CAD
1 MIM to $ 1.42 CAD
MIM to KRW
1 MIM to ₩ 1,455.38 KRW
MIM to JPY
1 MIM to ¥ 146.63 JPY
MIM to GBP
1 MIM to £ 0.7742 GBP
MIM to BRL
1 MIM to R$ 5.83 BRL
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in Magic Internet Money.
PI to PAB
1 PI to B/. 0.6384 PAB
FIL to PAB
1 FIL to B/. 2.61 PAB
ATOM to PAB
1 ATOM to B/. 4.7 PAB
USUAL to PAB
1 USUAL to B/. 0.1183 PAB
BTC to PAB
1 BTC to B/. 82,634.98 PAB
CRTS to PAB
1 CRTS to B/. 0.0003592 PAB
ZRO to PAB
1 ZRO to B/. 2.77 PAB
VIDT to PAB
1 VIDT to B/. 0.02257 PAB
AMP to PAB
1 AMP to B/. 0.003543 PAB
BERA to PAB
1 BERA to B/. 5.57 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 Magic Internet Money 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 Magic Internet Money 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 Magic Internet Money 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.
