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MAGIK to PAB Converter and calculator

MAGIK/PAB: 1 MAGIK = 0.006613 PAB. The price of converting 1 Magik Finance (MAGIK) to Panamanian Balboa (PAB) is 0.006613 PAB today.
MAGIK
MAGIK
PAB
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MAGIK to PAB real-time exchange rates, making it easy to convert Magik Finance (MAGIK) to Panamanian Balboa (PAB). The conversion result is based on real-time data. The conversion result shows that 1 MAGIK is currently valued at 0.01 PAB. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MAGIK is currently valued at 0.01 PAB, which means buying 5 MAGIK would cost 0.03 PAB. Similarly, B/.1 PAB can be converted to 151.23 MAGIK, and B/.50 PAB can be converted to 756.14 MAGIK, excluding any platform or gas fees.

Convert MAGIK to PAB

Convert PAB to MAGIK

Magik Finance
Panamanian Balboa
1 MAGIK
0.006613  PAB
10 MAGIK
0.06613  PAB
100 MAGIK
0.6613  PAB
5000 MAGIK
33.06  PAB
10000 MAGIK
66.13  PAB
In the table above, you'll find a comprehensive MAGIK to PAB converter that shows the value of Magik Finance in Panamanian Balboa across commonly used conversion amounts. The list covers conversions from 1 MAGIK to PAB, all the way up to 10000 MAGIK, providing a clear view of their respective values.
Panamanian Balboa
Magik Finance
100 PAB
15,122.73 MAGIK
200 PAB
30,245.47 MAGIK
500 PAB
75,613.67 MAGIK
1000 PAB
151,227.35 MAGIK
2000 PAB
302,454.69 MAGIK
5000 PAB
756,136.73 MAGIK
10000 PAB
1,512,273.45 MAGIK
50000 PAB
7,561,367.26 MAGIK
100000 PAB
15,122,734.53 MAGIK
In the table above, you'll find a comprehensive PAB to MAGIK converter that shows the value of Panamanian Balboa in Magik Finance across commonly used conversion amounts. The list covers conversions from 1 PAB to MAGIK, all the way up to 100000 PAB, providing a clear view of their respective values.

MAGIK to PAB chart

MAGIK/PAB: 1 MAGIK = 0.006613 PAB; 2025/05/04 17:18:53
In the past 1D, Magik Finance has changed -5.65% to PAB. Based on the trend and price charts, Magik Finance(MAGIK) has changed -5.65% to PAB while Panamanian Balboa(PAB) has changed % to MAGIK in the last 24 hours.
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MAGIK to PAB conversion data: Volatility and price changes of Magik Finance in PAB

The highest Magik Finance price in PAB over the past 7 days was 0.007585 PAB while the lowest Magik Finance price in PAB over the past 7 days was 0.006082 PAB. The relative change between the highs and lows in Magik Finance price in PAB over the last 7 days indicates a volatility of %. You can view additional volatility data and MAGIK 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
0.007011 PAB
0.007585 PAB
0.007585 PAB
0.01272 PAB
Low
0.006613 PAB
0.006082 PAB
0.005163 PAB
0.005113 PAB
Average
0 PAB
0 PAB
0 PAB
0 PAB
Volatility
%
%
%
%
Change
-5.65%
-1.04%
-2.39%
+7.33%

Magik Finance information

MAGIK to PAB market statistics

MAGIK/PAB:
B/.0.006613
MAGIK 24h volume:
--
MAGIK market cap:
--
MAGIK circulating supply:
0 MAGIK

Current MAGIK to PAB exchange rate

Magik Finance to Panamanian Balboa is falling this week.
Magik Finance's current market price is B/.0.006613 per MAGIK, with a total market cap of B/.0 PAB based on a circulating supply of -- MAGIK. The trading volume of Magik Finance has changed by -100.00% (B/.-- PAB) in the last 24 hours. Last trading day, MAGIK's trading volume was B/.--.

More info about Magik Finance 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 Magik Finance currency pair is the MAGIK to PAB, with for Magik Finance's currency code being MAGIK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PAB.

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How to convert MAGIK to PAB

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Bitget P2P trading does not currently support direct buying of MAGIK with PAB. However, you can buy USDT in Bitget P2P trading first, and then buy MAGIK with USDT via Bitget spot market.
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MAGIK to PAB Conversion tables

The exchange rate of Magik Finance is decreasing.
The exchange rate of 1 MAGIK to Panamanian Balboa has changed by -1.04% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.65%, reaching a high of 0.007011 PAB and a low of 0.006613 PAB . One month ago, the value of 1 MAGIK was B/.0.006774 PAB , which represents a -2.39% change from its current value. Over the last year, Magik Finance has changed by
-B/.
0.01753PAB
, resulting in a change of -72.61% in its value.
24 hours ago1 month ago1 year ago
Amount17:18 today24 hours ago24h change
0.5 MAGIKB/.0.003306B/.0.003504
-5.65%
1 MAGIKB/.0.006613B/.0.007009
-5.65%
5 MAGIKB/.0.03306B/.0.03504
-5.65%
10 MAGIKB/.0.06613B/.0.07009
-5.65%
50 MAGIKB/.0.3306B/.0.3504
-5.65%
100 MAGIKB/.0.6613B/.0.7009
-5.65%
500 MAGIKB/.3.31B/.3.5
-5.65%
1000 MAGIKB/.6.61B/.7.01
-5.65%

MAGIK to PAB FAQ

How much is 1 Magik Finance in PAB?
Right now, the price of 1 Magik Finance (MAGIK) in Panamanian Balboa (PAB) is B/.0.006613.
How much MAGIK can I buy for 1 PAB?
Based on the current exchange rate, you can get 151.23 MAGIK for 1 PAB.
How do I calculate or convert MAGIK to PAB?
You can use our MAGIK to PAB calculator at the top of this page to convert any amount of MAGIK to PAB. We've also included quick-reference tables for the most popular conversions. For example, 5 PAB is equivalent to 756.14 MAGIK, while 5 MAGIK will cost around 0.03306PAB.
What is the highest price of MAGIK/PAB in history?
The all-time high price of 1 MAGIK in PAB is B/.4.36. It remains to be seen if the value of 1 MAGIK/PAB will exceed the current all-time high.
What is the price trend of Magik Finance in PAB?
Over the past 7 days, the exchange rate of Magik Finance (MAGIK) has gone down by 1.04%.   Over the last month, the exchange rate of Magik Finance (MAGIK) has gone down by 2.39% against Panamanian Balboa (PAB).

What factors influence the conversion rate of MAGIK to PAB?

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