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UMM to PAB Converter and calculator

UMM/PAB: 1 UMM = 3.1 PAB. The price of converting 1 UMM (UMM) to Panamanian Balboa (PAB) is 3.1 PAB today.
UMM
UMM
PAB
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides UMM to PAB real-time exchange rates, making it easy to convert UMM (UMM) to Panamanian Balboa (PAB). The conversion result is based on real-time data. The conversion result shows that 1 UMM is currently valued at 3.10 PAB. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 UMM is currently valued at 3.10 PAB, which means buying 5 UMM would cost 15.52 PAB. Similarly, B/.1 PAB can be converted to 0.3221 UMM, and B/.50 PAB can be converted to 1.61 UMM, excluding any platform or gas fees.

Convert UMM to PAB

Convert PAB to UMM

UMM
Panamanian Balboa
500 UMM
1,552.12  PAB
1000 UMM
3,104.24  PAB
5000 UMM
15,521.19  PAB
10000 UMM
31,042.38  PAB
In the table above, you'll find a comprehensive UMM to PAB converter that shows the value of UMM in Panamanian Balboa across commonly used conversion amounts. The list covers conversions from 1 UMM to PAB, all the way up to 10000 UMM, providing a clear view of their respective values.
Panamanian Balboa
UMM
50000 PAB
16,107.01 UMM
100000 PAB
32,214.03 UMM
In the table above, you'll find a comprehensive PAB to UMM converter that shows the value of Panamanian Balboa in UMM across commonly used conversion amounts. The list covers conversions from 1 PAB to UMM, all the way up to 100000 PAB, providing a clear view of their respective values.

UMM to PAB chart

UMM/PAB: 1 UMM = 3.1 PAB; 2025/04/27 19:31:58
In the past 1D, UMM has changed -1.98% to PAB. Based on the trend and price charts, UMM(UMM) has changed -1.98% to PAB while Panamanian Balboa(PAB) has changed % to UMM in the last 24 hours.
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UMM to PAB conversion data: Volatility and price changes of UMM in PAB

The highest UMM price in PAB over the past 7 days was 3.31 PAB while the lowest UMM price in PAB over the past 7 days was 2.95 PAB. The relative change between the highs and lows in UMM price in PAB over the last 7 days indicates a volatility of %. You can view additional volatility data and UMM to PAB prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
3.27 PAB
3.31 PAB
3.31 PAB
3.31 PAB
Low
3.1 PAB
2.95 PAB
2.58 PAB
2.48 PAB
Average
0 PAB
0 PAB
0 PAB
0 PAB
Volatility
%
%
%
%
Change
-1.98%
+3.55%
+15.37%
+13.36%

UMM information

UMM to PAB market statistics

UMM/PAB:
B/.3.1
UMM 24h volume:
B/.729,266.7
UMM market cap:
--
UMM circulating supply:
0 UMM

Current UMM to PAB exchange rate

UMM to Panamanian Balboa is rising this week.
UMM's current market price is B/.3.1 per UMM, with a total market cap of B/.0 PAB based on a circulating supply of -- UMM. The trading volume of UMM has changed by -4.19% (B/.-31,928.33 PAB) in the last 24 hours. Last trading day, UMM's trading volume was B/.761,195.02.

More info about UMM on Bitget

Panamanian Balboa 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 UMM currency pair is the UMM to PAB, with for UMM's currency code being UMM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

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How to convert UMM to PAB

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UMM to PAB Conversion tables

The exchange rate of UMM is increasing.
The exchange rate of 1 UMM to Panamanian Balboa has changed by +3.55% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.98%, reaching a high of 3.27 PAB and a low of 3.1 PAB . One month ago, the value of 1 UMM was B/.2.69 PAB , which represents a +15.37% change from its current value. Over the last year, UMM has changed by
+B/.
0.1726PAB
, resulting in a change of +60.61% in its value.
24 hours ago1 month ago1 year ago
Amount19:31 today24 hours ago24h change
0.5 UMMB/.1.55B/.1.58
-1.98%
1 UMMB/.3.1B/.3.17
-1.98%
5 UMMB/.15.52B/.15.83
-1.98%
10 UMMB/.31.04B/.31.67
-1.98%
50 UMMB/.155.21B/.158.35
-1.98%
100 UMMB/.310.42B/.316.7
-1.98%
500 UMMB/.1,552.12B/.1,583.5
-1.98%
1000 UMMB/.3,104.24B/.3,166.99
-1.98%

UMM to PAB FAQ

How much is 1 UMM in PAB?
Right now, the price of 1 UMM (UMM) in Panamanian Balboa (PAB) is B/.3.1.
How much UMM can I buy for 1 PAB?
Based on the current exchange rate, you can get 0.3221 UMM for 1 PAB.
How do I calculate or convert UMM to PAB?
You can use our UMM to PAB calculator at the top of this page to convert any amount of UMM to PAB. We've also included quick-reference tables for the most popular conversions. For example, 5 PAB is equivalent to 1.61 UMM, while 5 UMM will cost around 15.52PAB.
What is the highest price of UMM/PAB in history?
The all-time high price of 1 UMM in PAB is B/.3.31. It remains to be seen if the value of 1 UMM/PAB will exceed the current all-time high.
What is the price trend of UMM in PAB?
Over the past 7 days, the exchange rate of UMM (UMM) has gone up by 3.55%.   Over the last month, the exchange rate of UMM (UMM) has gone up by 15.37% against Panamanian Balboa (PAB).

What factors influence the conversion rate of UMM to PAB?

There are many factors that affect the relationship between UMM 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 UMM/PAB. When there is positive news in the market about the widespread adoption of UMM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of UMM/PAB. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in UMM/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 UMM/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 UMM and adjust their investment strategies accordingly in the evolving market.

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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.