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base info Avalanche

Avalanche to Bulgarian Lev Converter and calculator

Convert 1Avalanche (AVAX) to Bulgarian Lev (BGN) equals лв 64.82 | 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 Avalanche currency pair is the AVAX to BGN, with for Avalanche's currency code being AVAX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

AVAX to BGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Avalanche has changed +3.12% to BGN. Based on the trend and price charts, Avalanche(AVAX) has changed +3.12% to BGN while Bulgarian Lev(BGN) has changed % to AVAX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв64.9
0.0001% / 0.0004%vip-iconVIP
Binance
лв64.7
0.1000% / 0.1000%
Yes
Coinbase Exchange
лв64.76
0.1000% / 0.1000%
Yes
Kraken
лв65.2
0.1000% / 0.1000%
Yes
OKX
лв64.73
0.080% / 0.100%
Yes
Huobi
лв64.7
0.1000% / 0.1000%
Yes
Gate.io
лв64.7
0.1000% / 0.1000%
Yes
Bybit
лв64.9
0.1000% / 0.1000%
Yes
KuCoin
лв64.71
0.1000% / 0.1000%
Yes
Bitfinex
лв64.75
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 13:00:30(UTC+0)

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

Avalanche to Bulgarian Lev is falling this week.
Avalanche's current market price is лв 64.82 per AVAX, with a total market cap of лв 24,499,539,154.06 BGN based on a circulating supply of 377,989,820 AVAX. The trading volume of Avalanche has changed by -0.98% (лв -12,298,672.45 BGN) in the last 24 hours. Last trading day, AVAX's trading volume was лв 1,260,368,154.33.
Market cap
$13.34B
24h volume
$679.55M
Circulating supply
377.99M AVAX

Conversion tables

The exchange rate of Avalanche is decreasing.
1 AVAX is currently valued at лв 64.82 BGN , which means buying 5 AVAX will cost лв 324.08 BGN . Similarly, лв1 BGN can be traded for 0.01543 AVAX, and лв50 BGN can be converted to 0.7714 AVAX, excluding any platform or gas fees.
The exchange rate of 1 AVAX to Bulgarian Lev has changed by -21.86% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.12%, reaching a high of 66.1 BGN and a low of 58.79 BGN . One month ago, the value of 1 AVAX was лв 98.95 BGN , which represents a -34.47% change from its current value. Over the last year, Avalanche has changed by
+лв
11.28BGN
, resulting in a change of +84.09% in its value.

AVAX to BGN

Amount
13:02 today
0.5 AVAX
лв32.41
1 AVAX
лв64.82
5 AVAX
лв324.08
10 AVAX
лв648.15
50 AVAX
лв3,240.77
100 AVAX
лв6,481.53
500 AVAX
лв32,407.67
1000 AVAX
лв64,815.34

BGN to AVAX

Amount13:02 today
0.5BGN0.007714  AVAX
1BGN0.01543  AVAX
5BGN0.07714  AVAX
10BGN0.1543  AVAX
50BGN0.7714  AVAX
100BGN1.54  AVAX
500BGN7.71  AVAX
1000BGN15.43  AVAX
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Today vs. 24 hours ago

Amount13:02 today24 hours ago24h change
0.5 AVAX$17.65$17.11
+3.12%
1 AVAX$35.29$34.22
+3.12%
5 AVAX$176.45$171.11
+3.12%
10 AVAX$352.91$342.21
+3.12%
50 AVAX$1,764.55$1,711.06
+3.12%
100 AVAX$3,529.09$3,422.12
+3.12%
500 AVAX$17,645.47$17,110.59
+3.12%
1000 AVAX$35,290.94$34,221.18
+3.12%

Today vs. 1 month ago

Amount13:02 today1 month ago1M change
0.5 AVAX$17.65$26.94
-34.47%
1 AVAX$35.29$53.88
-34.47%
5 AVAX$176.45$269.39
-34.47%
10 AVAX$352.91$538.79
-34.47%
50 AVAX$1,764.55$2,693.95
-34.47%
100 AVAX$3,529.09$5,387.9
-34.47%
500 AVAX$17,645.47$26,939.48
-34.47%
1000 AVAX$35,290.94$53,878.96
-34.47%

Today vs. 1 year ago

Amount13:02 today1 year ago1Y change
0.5 AVAX$17.65$9.57
+84.09%
1 AVAX$35.29$19.15
+84.09%
5 AVAX$176.45$95.74
+84.09%
10 AVAX$352.91$191.48
+84.09%
50 AVAX$1,764.55$957.38
+84.09%
100 AVAX$3,529.09$1,914.75
+84.09%
500 AVAX$17,645.47$9,573.75
+84.09%
1000 AVAX$35,290.94$19,147.51
+84.09%

FAQ

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.