UMB
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 Umbrella Network(UMB) to Panamanian Balboa(PAB). This is the real-time data. The current conversion shows 1 UMB at a value of 1 UMB for 0.01 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 Umbrella Network currency pair is the UMB to PAB, with for Umbrella Network's currency code being UMB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.
UMB to PAB conversion rate trend
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In the past 1D, Umbrella Network has changed -0.32% to PAB. Based on the trend and price charts, Umbrella Network(UMB) has changed -0.32% to PAB while Panamanian Balboa(PAB) has changed % to UMB in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | B/.0.008920 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | B/.0.008723 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/25 00:00:20(UTC+0)
How to buy Umbrella Network
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Buy Umbrella Network (UMB)
Use a variety of payment options to buy Umbrella Network on Bitget. We'll show you how.
Buy UMB (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading does not currently support direct buying of UMB with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy UMB 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 UMB (or USDT) for PAB (Panamanian Balboa) offers
Bitget P2P trading currently does not support direct selling of UMB to PAB. However, you can first exchange UMB 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 Umbrella Network to Panamanian Balboa?
Umbrella Network to Panamanian Balboa is rising this week.Umbrella Network's current market price is B/. 0.008959 per UMB, with a total market cap of B/. 2,624,650.83 PAB based on a circulating supply of 292,962,620 UMB. The trading volume of Umbrella Network has changed by -39.67% (B/. -150,416.81 PAB) in the last 24 hours. Last trading day, UMB's trading volume was B/. 379,174.
Market cap
$2.62M
24h volume
$228.76K
Circulating supply
292.96M UMB
Conversion tables
The exchange rate of Umbrella Network is increasing.1 UMB is currently valued at B/. 0.008959 PAB , which means buying 5 UMB will cost B/. 0.04479 PAB . Similarly, B/.1 PAB can be traded for 111.62 UMB, and B/.50 PAB can be converted to 5,580.98 UMB, excluding any platform or gas fees.
The exchange rate of 1 UMB to Panamanian Balboa has changed by +29.19% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.32%, reaching a high of 0.009112 PAB and a low of 0.008745 PAB . One month ago, the value of 1 UMB was B/. 0.006697 PAB , which represents a +33.84% change from its current value. Over the last year, Umbrella Network has changed by , resulting in a change of -38.34% in its value.
-B/.
0.005564PABUMB to PAB
Amount
02:34 am today
0.5 UMB
B/.0.004479
1 UMB
B/.0.008959
5 UMB
B/.0.04479
10 UMB
B/.0.08959
50 UMB
B/.0.4479
100 UMB
B/.0.8959
500 UMB
B/.4.48
1000 UMB
B/.8.96
PAB to UMB
Amount02:34 am today
0.5PAB55.81 UMB
1PAB111.62 UMB
5PAB558.1 UMB
10PAB1,116.2 UMB
50PAB5,580.98 UMB
100PAB11,161.97 UMB
500PAB55,809.83 UMB
1000PAB111,619.66 UMB
Today vs. 24 hours ago
| Amount | 02:34 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 UMB | $0.004479 | $0.004494 | -0.32% |
| 1 UMB | $0.008959 | $0.008987 | -0.32% |
| 5 UMB | $0.04479 | $0.04494 | -0.32% |
| 10 UMB | $0.08959 | $0.08987 | -0.32% |
| 50 UMB | $0.4479 | $0.4494 | -0.32% |
| 100 UMB | $0.8959 | $0.8987 | -0.32% |
| 500 UMB | $4.48 | $4.49 | -0.32% |
| 1000 UMB | $8.96 | $8.99 | -0.32% |
Today vs. 1 month ago
| Amount | 02:34 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 UMB | $0.004479 | $0.003348 | +33.84% |
| 1 UMB | $0.008959 | $0.006697 | +33.84% |
| 5 UMB | $0.04479 | $0.03348 | +33.84% |
| 10 UMB | $0.08959 | $0.06697 | +33.84% |
| 50 UMB | $0.4479 | $0.3348 | +33.84% |
| 100 UMB | $0.8959 | $0.6697 | +33.84% |
| 500 UMB | $4.48 | $3.35 | +33.84% |
| 1000 UMB | $8.96 | $6.7 | +33.84% |
Today vs. 1 year ago
| Amount | 02:34 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 UMB | $0.004479 | $0.007262 | -38.34% |
| 1 UMB | $0.008959 | $0.01452 | -38.34% |
| 5 UMB | $0.04479 | $0.07262 | -38.34% |
| 10 UMB | $0.08959 | $0.1452 | -38.34% |
| 50 UMB | $0.4479 | $0.7262 | -38.34% |
| 100 UMB | $0.8959 | $1.45 | -38.34% |
| 500 UMB | $4.48 | $7.26 | -38.34% |
| 1000 UMB | $8.96 | $14.52 | -38.34% |
Umbrella Network price prediction
What will the price of UMB be in 2025?
Based on UMB's historical price performance prediction model, the price of UMB is projected to reach $0.01044 in 2025.
What will the price of UMB be in 2030?
In 2030, the UMB price is expected to change by -1.00%. By the end of 2030, the UMB price is projected to reach $0.01509, with a cumulative ROI of +90.12%.
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Popular Umbrella Network conversions
Check out these popular currency conversions of Umbrella Network to several fiat currencies.
Umbrella Network to USD
1 UMB to $ 0.008959 USD
Umbrella Network to GBP
1 UMB to £ 0.007113 GBP
Umbrella Network to EUR
1 UMB to € 0.008548 EUR
Umbrella Network to KRW
1 UMB to ₩ 12.58 KRW
Umbrella Network to CAD
1 UMB to $ 0.01248 CAD
Umbrella Network to AUD
1 UMB to $ 0.01369 AUD
Umbrella Network to JPY
1 UMB to ¥ 1.38 JPY
Umbrella Network to BRL
1 UMB to R$ 0.05202 BRL
Umbrella Network to CNY
1 UMB to ¥ 0.06495 CNY
Umbrella Network to TWD
1 UMB to NT$ 0.2919 TWD
Popular cryptocurrencies to PAB
Explore other cryptocurrencies based on your interest in Umbrella Network.
Bitcoin to PAB
1 BTC to B/. 97,765.44 PAB
MAD to PAB
1 MAD to B/. 0.{4}3877 PAB
XRP to PAB
1 XRP to B/. 1.4 PAB
Stellar to PAB
1 XLM to B/. 0.5191 PAB
Kusama to PAB
1 KSM to B/. 38.82 PAB
Dogecoin to PAB
1 DOGE to B/. 0.4223 PAB
Hedera to PAB
1 HBAR to B/. 0.1423 PAB
Cardano to PAB
1 ADA to B/. 0.9968 PAB
Polkadot to PAB
1 DOT to B/. 8.59 PAB
Solana to PAB
1 SOL to B/. 251.62 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 Umbrella Network 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 Umbrella Network 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 Umbrella Network 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.
