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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.02%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$84793.37 (+5.03%)Fear and Greed Index27(Fear)
Total spot Bitcoin ETF netflow -$135.2M (1D); -$1.29B (7D).Coins listed in Pre-MarketPAWS,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 share61.02%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$84793.37 (+5.03%)Fear and Greed Index27(Fear)
Total spot Bitcoin ETF netflow -$135.2M (1D); -$1.29B (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
GMX
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 GMX(GMX) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 GMX at a value of 1 GMX for 15.47 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 GMX currency pair is the GMX to PAB, with for GMX's currency code being GMX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
GMX to PAB conversion rate trend
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In the past 1D, GMX has changed +12.45% to PAB. Based on the trend and price charts, GMX(GMX) has changed +12.45% to PAB while Panamanian Balboa(PAB) has changed % to GMX in the last 24 hours.
GMX to PAB market statistics
GMX/PAB:
B/. 15.47
GMX 24h volume:
B/. 21,242,835.68
GMX market cap:
B/. 155,026,751.27
GMX circulating supply:
10.02M GMX
More info about GMX on Bitget
Current GMX to PAB exchange rate
GMX to Panamanian Balboa is falling this week.GMX's current market price is B/. 15.47 per GMX, with a total market cap of B/. 155,026,751.27 PAB based on a circulating supply of 10,020,719 GMX. The trading volume of GMX has changed by -5.18% (B/. -1,160,728.67 PAB) in the last 24 hours. Last trading day, GMX's trading volume was B/. 22,403,564.35.
GMX to PAB Conversion tables
The exchange rate of GMX is decreasing.1 GMX is currently valued at B/. 15.47 PAB , which means buying 5 GMX will cost B/. 77.35 PAB . Similarly, B/.1 PAB can be traded for 0.06464 GMX, and B/.50 PAB can be converted to 3.23 GMX, excluding any platform or gas fees.
The exchange rate of 1 GMX to Panamanian Balboa has changed by -3.46% in the last 7 days. In the last 24 hours, the rate has fluctuated by +12.45%, reaching a high of 15.59 PAB and a low of 13.66 PAB . One month ago, the value of 1 GMX was B/. 23.84 PAB , which represents a -35.11% change from its current value. Over the last year, GMX has changed by , resulting in a change of -72.14% in its value.
-B/.
40.07PABGMX to PAB
Amount
19:10 today
0.5 GMX
B/.7.74
1 GMX
B/.15.47
5 GMX
B/.77.35
10 GMX
B/.154.71
50 GMX
B/.773.53
100 GMX
B/.1,547.06
500 GMX
B/.7,735.31
1000 GMX
B/.15,470.62
PAB to GMX
Amount19:10 today
0.5PAB0.03232 GMX
1PAB0.06464 GMX
5PAB0.3232 GMX
10PAB0.6464 GMX
50PAB3.23 GMX
100PAB6.46 GMX
500PAB32.32 GMX
1000PAB64.64 GMX
GMX to PAB Today vs. 24 hours ago
| Amount | 19:10 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 GMX | B/.7.74 | B/.6.88 | +12.45% |
| 1 GMX | B/.15.47 | B/.13.76 | +12.45% |
| 5 GMX | B/.77.35 | B/.68.79 | +12.45% |
| 10 GMX | B/.154.71 | B/.137.57 | +12.45% |
| 50 GMX | B/.773.53 | B/.687.86 | +12.45% |
| 100 GMX | B/.1,547.06 | B/.1,375.73 | +12.45% |
| 500 GMX | B/.7,735.31 | B/.6,878.65 | +12.45% |
| 1000 GMX | B/.15,470.62 | B/.13,757.29 | +12.45% |
GMX to PAB Today vs. 1 month ago
| Amount | 19:10 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 GMX | B/.7.74 | B/.11.92 | -35.11% |
| 1 GMX | B/.15.47 | B/.23.84 | -35.11% |
| 5 GMX | B/.77.35 | B/.119.2 | -35.11% |
| 10 GMX | B/.154.71 | B/.238.4 | -35.11% |
| 50 GMX | B/.773.53 | B/.1,192.01 | -35.11% |
| 100 GMX | B/.1,547.06 | B/.2,384.02 | -35.11% |
| 500 GMX | B/.7,735.31 | B/.11,920.08 | -35.11% |
| 1000 GMX | B/.15,470.62 | B/.23,840.16 | -35.11% |
GMX to PAB Today vs. 1 year ago
| Amount | 19:10 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 GMX | B/.7.74 | B/.27.77 | -72.14% |
| 1 GMX | B/.15.47 | B/.55.54 | -72.14% |
| 5 GMX | B/.77.35 | B/.277.69 | -72.14% |
| 10 GMX | B/.154.71 | B/.555.39 | -72.14% |
| 50 GMX | B/.773.53 | B/.2,776.95 | -72.14% |
| 100 GMX | B/.1,547.06 | B/.5,553.9 | -72.14% |
| 500 GMX | B/.7,735.31 | B/.27,769.49 | -72.14% |
| 1000 GMX | B/.15,470.62 | B/.55,538.97 | -72.14% |
How to convert GMX to PAB
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Convert GMX to PAB
Use a variety of payment options to buy GMX on Bitget. We'll show you how.
Learn MoreBuy GMX (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of GMX with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy GMX with USDT via Bitget spot market.
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|---|
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Sell GMX (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of GMX to PAB. However, you can first exchange GMX 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 GMX to PAB?
There are many factors that affect the relationship between GMX 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 GMX/PAB. When there is positive news in the market about the widespread adoption of GMX or major technological breakthroughs, it tends to trigger market optimism and drive the rise of GMX/PAB. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in GMX/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 GMX/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 GMX and adjust their investment strategies accordingly in the evolving market.
GMX price prediction
What will the price of GMX be in 2026?
Based on GMX's historical price performance prediction model, the price of GMX is projected to reach $17.89 in 2026.
What will the price of GMX be in 2031?
In 2031, the GMX price is expected to change by +29.00%. By the end of 2031, the GMX price is projected to reach $24.9, with a cumulative ROI of +71.30%.
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1 GMX to ¥ 112 CNY
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1 GMX to $ 15.47 USD
GMX to PAB
1 GMX to B/. 15.47 PAB
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1 GMX to $ 24.46 AUD
GMX to EUR
1 GMX to € 14.21 EUR
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1 GMX to $ 22.24 CAD
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1 GMX to ₩ 22,470.18 KRW
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1 GMX to ¥ 2,295.15 JPY
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1 GMX to £ 11.97 GBP
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1 GMX to R$ 88.41 BRL
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Explore other cryptocurrencies based on your interest in GMX.
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1 LINK to B/. 14.54 PAB
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1 RARE to B/. 0.1083 PAB
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1 TRUMP to B/. 11.95 PAB
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1 IOST to B/. 0.005626 PAB
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1 S to B/. 0.5390 PAB
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1 NEAR to B/. 2.65 PAB
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1 PI to B/. 1.53 PAB
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1 SEI to B/. 0.2061 PAB
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1 DOT to B/. 4.2 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 GMX 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 GMX 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 GMX 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.
