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base info OKB

OKB to Bulgarian Lev Converter and calculator

Convert 1OKB (OKB) to Bulgarian Lev (BGN) equals лв 101.76 | 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 OKB currency pair is the OKB to BGN, with for OKB's currency code being OKB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

OKB to BGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, OKB has changed +0.91% to BGN. Based on the trend and price charts, OKB(OKB) has changed +0.91% to BGN while Bulgarian Lev(BGN) has changed % to OKB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв101.76
0.0001% / 0.0004%vip-iconVIP
OKX
лв102.5
0.080% / 0.100%
Yes
Gate.io
лв102.43
0.1000% / 0.1000%
Yes
Last updated 2024/04/18 17:00:20(UTC+0)

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

OKB to Bulgarian Lev is falling this week.
OKB's current market price is лв 101.76 per OKB, with a total market cap of лв 6,105,380,641.25 BGN based on a circulating supply of 60,000,000 OKB. The trading volume of OKB has changed by -40.36% (лв -13,550,286.90 BGN) in the last 24 hours. Last trading day, OKB's trading volume was лв 33,570,061.84.
Market cap
$3.33B
24h volume
$10.93M
Circulating supply
60.00M OKB

Conversion tables

The exchange rate of OKB is decreasing.
1 OKB is currently valued at лв 101.76 BGN , which means buying 5 OKB will cost лв 508.78 BGN . Similarly, лв1 BGN can be traded for 0.009827 OKB, and лв50 BGN can be converted to 0.4914 OKB, excluding any platform or gas fees.
The exchange rate of 1 OKB to Bulgarian Lev has changed by -1.81% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.91%, reaching a high of 102.75 BGN and a low of 98.9 BGN . One month ago, the value of 1 OKB was лв 109 BGN , which represents a -6.64% change from its current value. Over the last year, OKB has changed by
+лв
1.44BGN
, resulting in a change of +3.32% in its value.

OKB to BGN

Amount
17:45 today
0.5 OKB
лв50.88
1 OKB
лв101.76
5 OKB
лв508.78
10 OKB
лв1,017.56
50 OKB
лв5,087.82
100 OKB
лв10,175.63
500 OKB
лв50,878.17
1000 OKB
лв101,756.34

BGN to OKB

Amount17:45 today
0.5BGN0.004914  OKB
1BGN0.009827  OKB
5BGN0.04914  OKB
10BGN0.09827  OKB
50BGN0.4914  OKB
100BGN0.9827  OKB
500BGN4.91  OKB
1000BGN9.83  OKB
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Today vs. 24 hours ago

Amount17:45 today24 hours ago24h change
0.5 OKB$27.78$27.53
+0.91%
1 OKB$55.55$55.05
+0.91%
5 OKB$277.76$275.27
+0.91%
10 OKB$555.53$550.53
+0.91%
50 OKB$2,777.65$2,752.67
+0.91%
100 OKB$5,555.3$5,505.34
+0.91%
500 OKB$27,776.48$27,526.69
+0.91%
1000 OKB$55,552.95$55,053.38
+0.91%

Today vs. 1 month ago

Amount17:45 today1 month ago1M change
0.5 OKB$27.78$29.75
-6.64%
1 OKB$55.55$59.51
-6.64%
5 OKB$277.76$297.53
-6.64%
10 OKB$555.53$595.07
-6.64%
50 OKB$2,777.65$2,975.34
-6.64%
100 OKB$5,555.3$5,950.69
-6.64%
500 OKB$27,776.48$29,753.44
-6.64%
1000 OKB$55,552.95$59,506.88
-6.64%

Today vs. 1 year ago

Amount17:45 today1 year ago1Y change
0.5 OKB$27.78$26.88
+3.32%
1 OKB$55.55$53.77
+3.32%
5 OKB$277.76$268.84
+3.32%
10 OKB$555.53$537.68
+3.32%
50 OKB$2,777.65$2,688.42
+3.32%
100 OKB$5,555.3$5,376.83
+3.32%
500 OKB$27,776.48$26,884.17
+3.32%
1000 OKB$55,552.95$53,768.34
+3.32%

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.