About this pair
BGN/EUR: what to know
The BGN/EUR rate shows how much EUR you get for 1 BGN. Right now, 1 BGN buys 0.5214 EUR at the mid-market rate. In the other direction, 1 EUR is worth 1.9180 BGN.
In the short term BGN is driven mainly by its peg to the euro, while EUR responds to ECB policy and eurozone growth.
The Bulgarian Lev (BGN) is issued by Bulgarian National Bank. “Lev” means “lion”. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.