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base info Arbitrum

Arbitrum to Bulgarian Lev Converter and calculator

Convert 1Arbitrum (ARB) to Bulgarian Lev (BGN) equals лв 2.08 | Bitget

BGN information

About the Bulgarian Lev (BGN)

What Is the Bulgarian Lev (BGN)?

The Bulgarian Lev, abbreviated as BGN and often denoted by the currency sign" лв", is the official currency of Bulgaria. BGN is a fiat currency, which is government-issued currency not backed by a physical commodity but rather by the government that issued it. The name 'lev' means 'lion' in old Bulgarian, symbolizing strength and valor. It is divided into 100 stotinki, reflecting the currency's precision and stability. The Bulgarian Lev is the sole legal tender in Bulgaria, and it is used for all transactions within the country.

The Bulgarian Lev is issued by the Bulgarian National Bank, which is the central bank of Bulgaria. The Bulgarian National Bank is responsible for the issuance and regulation of the nation's currency, as well as overseeing monetary policy and maintaining financial stability in Bulgaria.

What Is the History of BGN?

The lev was introduced in 1881, mirroring the value of the French franc. It underwent various transformations, including changes in its gold and silver backing and its pegging to other currencies like the German Reichsmark and the Soviet ruble. Post-World War II inflation led to the introduction of a new lev in 1952, pegged to the U.S. dollar. Subsequent redenominations in 1962 and 1999 aimed to stabilize the currency amidst fluctuating economic conditions, reflecting the country's efforts to maintain economic stability.

The most recent redenomination in 1999 pegged the lev to the Deutsche Mark, and later to the euro, at a fixed rate of 1.95583 BGN to 1 EUR. Bulgaria's accession to the EU in 2007 and its participation in the ERM II since 2020 are significant steps towards adopting the euro, expected in 2024.

Notes and Coins of BGN

The banknotes are available in denominations of 1, 2, 5, 10, 20, 50, and 100 leva, featuring prominent Bulgarian historical figures and landmarks, symbolizing the nation's pride and history. The coins, known as stotinki, come in smaller denominations of 1, 2, 5, 10, 20, and 50 stotinki, and 1 lev, showcasing intricate designs that often include the Madara Rider, a UNESCO World Heritage Site, and other national symbols.

Is BGN Pegged to EUR?

Yes, the Bulgarian Lev (BGN) is pegged to the Euro (EUR). The peg is set at a fixed exchange rate of 1.95583 BGN to 1 EUR. This fixed rate has been in place since the redenomination of the lev in 1999, when Bulgaria aligned its currency with the Deutsche Mark, which was subsequently replaced by the Euro.

Will Bulgaria Adopt the Euro as Its Currency?

As of January 2024, Bulgaria is on track to adopt the Euro as its official currency. Having joined the European Union in 2007, the country made a significant step by entering the Exchange Rate Mechanism II (ERM II) in July 2020. This is a crucial stage in the process of adopting the Euro, requiring Bulgaria to maintain economic stability and meet the European Union's convergence criteria. The Bulgarian Lev is currently pegged to the Euro, which is a part of aligning Bulgaria's monetary policy with that of the Eurozone. The exact date when Bulgaria will fully adopt the Euro depends on meeting all the necessary economic requirements and obtaining approval from the European Union's institutions.

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Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to BGN, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

ARB to BGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Arbitrum has changed -2.52% to BGN. Based on the trend and price charts, Arbitrum(ARB) has changed -2.52% to BGN while Bulgarian Lev(BGN) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв2.14
0.0001% / 0.0004%vip-iconVIP
Binance
лв2.12
0.1000% / 0.1000%
Yes
OKX
лв2.12
0.080% / 0.100%
Yes
Huobi
лв2.12
0.1000% / 0.1000%
Yes
Gate.io
лв2.12
0.1000% / 0.1000%
Yes
Bybit
лв2.12
0.1000% / 0.1000%
Yes
KuCoin
лв2.12
0.1000% / 0.1000%
Yes
Bitfinex
лв2.12
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 00:00:39(UTC+0)

What factors influence the conversion rate of Arbitrum to Bulgarian Lev?

Arbitrum to Bulgarian Lev is falling this week.
Arbitrum's current market price is лв 2.08 per ARB, with a total market cap of лв 5,517,785,550.14 BGN based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -22.67% (лв -328,840,110.35 BGN) in the last 24 hours. Last trading day, ARB's trading volume was лв 1,450,571,072.18.
Market cap
$3.00B
24h volume
$609.34M
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at лв 2.08 BGN , which means buying 5 ARB will cost лв 10.4 BGN . Similarly, лв1 BGN can be traded for 0.4810 ARB, and лв50 BGN can be converted to 24.05 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Bulgarian Lev has changed by -28.61% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.52%, reaching a high of 2.33 BGN and a low of 2.07 BGN . One month ago, the value of 1 ARB was лв 3.22 BGN , which represents a -35.43% change from its current value. Over the last year, Arbitrum has changed by
-лв
0.9569BGN
, resulting in a change of -31.52% in its value.

ARB to BGN

Amount
00:49 am today
0.5 ARB
лв1.04
1 ARB
лв2.08
5 ARB
лв10.4
10 ARB
лв20.79
50 ARB
лв103.95
100 ARB
лв207.91
500 ARB
лв1,039.55
1000 ARB
лв2,079.09

BGN to ARB

Amount00:49 am today
0.5BGN0.2405  ARB
1BGN0.4810  ARB
5BGN2.4  ARB
10BGN4.81  ARB
50BGN24.05  ARB
100BGN48.1  ARB
500BGN240.49  ARB
1000BGN480.98  ARB
share

Today vs. 24 hours ago

Amount00:49 am today24 hours ago24h change
0.5 ARB$0.5647$0.5793
-2.52%
1 ARB$1.13$1.16
-2.52%
5 ARB$5.65$5.79
-2.52%
10 ARB$11.29$11.59
-2.52%
50 ARB$56.47$57.93
-2.52%
100 ARB$112.94$115.86
-2.52%
500 ARB$564.69$579.3
-2.52%
1000 ARB$1,129.39$1,158.59
-2.52%

Today vs. 1 month ago

Amount00:49 am today1 month ago1M change
0.5 ARB$0.5647$0.8745
-35.43%
1 ARB$1.13$1.75
-35.43%
5 ARB$5.65$8.75
-35.43%
10 ARB$11.29$17.49
-35.43%
50 ARB$56.47$87.45
-35.43%
100 ARB$112.94$174.91
-35.43%
500 ARB$564.69$874.54
-35.43%
1000 ARB$1,129.39$1,749.07
-35.43%

Today vs. 1 year ago

Amount00:49 am today1 year ago1Y change
0.5 ARB$0.5647$0.8246
-31.52%
1 ARB$1.13$1.65
-31.52%
5 ARB$5.65$8.25
-31.52%
10 ARB$11.29$16.49
-31.52%
50 ARB$56.47$82.46
-31.52%
100 ARB$112.94$164.92
-31.52%
500 ARB$564.69$824.6
-31.52%
1000 ARB$1,129.39$1,649.19
-31.52%

FAQ

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