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Maker to Bulgarian Lev Converter and calculator

Convert 1Maker (MKR) to Bulgarian Lev (BGN) equals лв 5,502.97 | 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 Maker currency pair is the MKR to BGN, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

MKR to BGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Maker has changed +14.01% to BGN. Based on the trend and price charts, Maker(MKR) has changed +14.01% to BGN while Bulgarian Lev(BGN) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв5,482.6
0.0001% / 0.0004%vip-iconVIP
Binance
лв5,475.8
0.1000% / 0.1000%
Yes
OKX
лв5,480.21
0.080% / 0.100%
Yes
Huobi
лв5,473.72
0.1000% / 0.1000%
Yes
Gate.io
лв5,476.96
0.1000% / 0.1000%
Yes
Bybit
лв5,479.47
0.1000% / 0.1000%
Yes
KuCoin
лв5,473.15
0.1000% / 0.1000%
Yes
Bitfinex
лв5,467.9
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 20:00:33(UTC+0)

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

Maker to Bulgarian Lev is falling this week.
Maker's current market price is лв 5,502.97 per MKR, with a total market cap of лв 5,088,646,165.03 BGN based on a circulating supply of 924,709.7 MKR. The trading volume of Maker has changed by +31.74% (лв 81,231,564.93 BGN) in the last 24 hours. Last trading day, MKR's trading volume was лв 255,907,093.09.
Market cap
$2.77B
24h volume
$183.54M
Circulating supply
924.71K MKR

Conversion tables

The exchange rate of Maker is increasing.
1 MKR is currently valued at лв 5,502.97 BGN , which means buying 5 MKR will cost лв 27,514.83 BGN . Similarly, лв1 BGN can be traded for 0.0001817 MKR, and лв50 BGN can be converted to 0.009086 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Bulgarian Lev has changed by -17.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by +14.01%, reaching a high of 5,517.52 BGN and a low of 4,607.76 BGN . One month ago, the value of 1 MKR was лв 4,943.19 BGN , which represents a +11.33% change from its current value. Over the last year, Maker has changed by
+лв
412.91BGN
, resulting in a change of +288.72% in its value.

MKR to BGN

Amount
20:38 today
0.5 MKR
лв2,751.48
1 MKR
лв5,502.97
5 MKR
лв27,514.83
10 MKR
лв55,029.66
50 MKR
лв275,148.3
100 MKR
лв550,296.59
500 MKR
лв2,751,482.96
1000 MKR
лв5,502,965.92

BGN to MKR

Amount20:38 today
0.5BGN0.{4}9086  MKR
1BGN0.0001817  MKR
5BGN0.0009086  MKR
10BGN0.001817  MKR
50BGN0.009086  MKR
100BGN0.01817  MKR
500BGN0.09086  MKR
1000BGN0.1817  MKR
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Today vs. 24 hours ago

Amount20:38 today24 hours ago24h change
0.5 MKR$1,497.89$1,313.88
+14.01%
1 MKR$2,995.79$2,627.76
+14.01%
5 MKR$14,978.95$13,138.82
+14.01%
10 MKR$29,957.9$26,277.64
+14.01%
50 MKR$149,789.48$131,388.21
+14.01%
100 MKR$299,578.96$262,776.42
+14.01%
500 MKR$1,497,894.8$1,313,882.1
+14.01%
1000 MKR$2,995,789.6$2,627,764.2
+14.01%

Today vs. 1 month ago

Amount20:38 today1 month ago1M change
0.5 MKR$1,497.89$1,345.52
+11.33%
1 MKR$2,995.79$2,691.05
+11.33%
5 MKR$14,978.95$13,455.24
+11.33%
10 MKR$29,957.9$26,910.49
+11.33%
50 MKR$149,789.48$134,552.44
+11.33%
100 MKR$299,578.96$269,104.88
+11.33%
500 MKR$1,497,894.8$1,345,524.4
+11.33%
1000 MKR$2,995,789.6$2,691,048.8
+11.33%

Today vs. 1 year ago

Amount20:38 today1 year ago1Y change
0.5 MKR$1,497.89$385.5
+288.72%
1 MKR$2,995.79$771.01
+288.72%
5 MKR$14,978.95$3,855.03
+288.72%
10 MKR$29,957.9$7,710.05
+288.72%
50 MKR$149,789.48$38,550.27
+288.72%
100 MKR$299,578.96$77,100.54
+288.72%
500 MKR$1,497,894.8$385,502.7
+288.72%
1000 MKR$2,995,789.6$771,005.4
+288.72%

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.