About this pair
BGN/USD: what to know
The BGN/USD rate shows how much USD you get for 1 BGN. Right now, 1 BGN buys 0.6002 USD at the mid-market rate. In the other direction, 1 USD is worth 1.6660 BGN.
In the short term BGN is driven mainly by its peg to the euro, while USD responds to Fed policy, US growth and global risk appetite.
The Bulgarian Lev (BGN) is issued by Bulgarian National Bank. “Lev” means “lion”. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
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.