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