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base info Internet Computer

Internet Computer to Bulgarian Lev Converter and calculator

Convert 1Internet Computer (ICP) to Bulgarian Lev (BGN) equals лв 28.45 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Internet Computer(ICP) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 ICP at a value of 1 ICP for 28.45 BGN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Internet Computer currency pair is the ICP to BGN, with for Internet Computer's currency code being ICP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

ICP to BGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Internet Computer has changed +14.38% to BGN. Based on the trend and price charts, Internet Computer(ICP) has changed +14.38% to BGN while Bulgarian Lev(BGN) has changed % to ICP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв27.64
0.0001% / 0.0004%vip-iconVIP
Binance
лв27.85
0.1000% / 0.1000%
Yes
Coinbase Exchange
лв27.84
0.1000% / 0.1000%
Yes
OKX
лв27.85
0.080% / 0.100%
Yes
Huobi
лв27.86
0.1000% / 0.1000%
Yes
Gate.io
лв27.85
0.1000% / 0.1000%
Yes
Bybit
лв27.83
0.1000% / 0.1000%
Yes
KuCoin
лв27.85
0.1000% / 0.1000%
Yes
Bitfinex
лв27.49
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 16:00:35(UTC+0)

What factors influence the conversion rate of Internet Computer to Bulgarian Lev?

Internet Computer to Bulgarian Lev is rising this week.
Internet Computer's current market price is лв 28.45 per ICP, with a total market cap of лв 13,167,199,216.26 BGN based on a circulating supply of 462,893,800 ICP. The trading volume of Internet Computer has changed by +12.95% (лв 45,353,455.82 BGN) in the last 24 hours. Last trading day, ICP's trading volume was лв 350,292,770.11.
Market cap
$7.18B
24h volume
$215.86M
Circulating supply
462.89M ICP

Conversion tables

The exchange rate of Internet Computer is increasing.
1 ICP is currently valued at лв 28.45 BGN , which means buying 5 ICP will cost лв 142.23 BGN . Similarly, лв1 BGN can be traded for 0.03516 ICP, and лв50 BGN can be converted to 1.76 ICP, excluding any platform or gas fees.
The exchange rate of 1 ICP to Bulgarian Lev has changed by +18.21% in the last 7 days. In the last 24 hours, the rate has fluctuated by +14.38%, reaching a high of 28.69 BGN and a low of 24.69 BGN . One month ago, the value of 1 ICP was лв 22.69 BGN , which represents a +25.36% change from its current value. Over the last year, Internet Computer has changed by
+лв
1.47BGN
, resulting in a change of +171.39% in its value.

ICP to BGN

Amount
16:49 today
0.5 ICP
лв14.22
1 ICP
лв28.45
5 ICP
лв142.23
10 ICP
лв284.45
50 ICP
лв1,422.27
100 ICP
лв2,844.54
500 ICP
лв14,222.7
1000 ICP
лв28,445.4

BGN to ICP

Amount16:49 today
0.5BGN0.01758  ICP
1BGN0.03516  ICP
5BGN0.1758  ICP
10BGN0.3516  ICP
50BGN1.76  ICP
100BGN3.52  ICP
500BGN17.58  ICP
1000BGN35.16  ICP
share

Today vs. 24 hours ago

Amount16:49 today24 hours ago24h change
0.5 ICP$7.76$6.78
+14.38%
1 ICP$15.52$13.57
+14.38%
5 ICP$77.6$67.84
+14.38%
10 ICP$155.19$135.68
+14.38%
50 ICP$775.97$678.39
+14.38%
100 ICP$1,551.93$1,356.78
+14.38%
500 ICP$7,759.67$6,783.88
+14.38%
1000 ICP$15,519.34$13,567.75
+14.38%

Today vs. 1 month ago

Amount16:49 today1 month ago1M change
0.5 ICP$7.76$6.19
+25.36%
1 ICP$15.52$12.38
+25.36%
5 ICP$77.6$61.9
+25.36%
10 ICP$155.19$123.8
+25.36%
50 ICP$775.97$619
+25.36%
100 ICP$1,551.93$1,238
+25.36%
500 ICP$7,759.67$6,190
+25.36%
1000 ICP$15,519.34$12,379.99
+25.36%

Today vs. 1 year ago

Amount16:49 today1 year ago1Y change
0.5 ICP$7.76$2.86
+171.39%
1 ICP$15.52$5.72
+171.39%
5 ICP$77.6$28.59
+171.39%
10 ICP$155.19$57.18
+171.39%
50 ICP$775.97$285.92
+171.39%
100 ICP$1,551.93$571.85
+171.39%
500 ICP$7,759.67$2,859.23
+171.39%
1000 ICP$15,519.34$5,718.45
+171.39%

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.