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base info Polkadot

Polkadot to Bulgarian Lev Converter and calculator

Convert 1Polkadot (DOT) to Bulgarian Lev (BGN) equals лв 12.43 | 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 Polkadot currency pair is the DOT to BGN, with for Polkadot's currency code being DOT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

DOT to BGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polkadot has changed +6.80% to BGN. Based on the trend and price charts, Polkadot(DOT) has changed +6.80% to BGN while Bulgarian Lev(BGN) has changed % to DOT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв12.59
0.0001% / 0.0004%vip-iconVIP
Binance
лв12.58
0.1000% / 0.1000%
Yes
Coinbase Exchange
лв12.61
0.1000% / 0.1000%
Yes
Kraken
лв12.68
0.1000% / 0.1000%
Yes
OKX
лв12.59
0.080% / 0.100%
Yes
Huobi
лв12.59
0.1000% / 0.1000%
Yes
Gate.io
лв12.58
0.1000% / 0.1000%
Yes
Bybit
лв12.59
0.1000% / 0.1000%
Yes
KuCoin
лв12.59
0.1000% / 0.1000%
Yes
Bitfinex
лв12.57
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 00:00:36(UTC+0)

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

Polkadot to Bulgarian Lev is falling this week.
Polkadot's current market price is лв 12.43 per DOT, with a total market cap of лв 17,823,338,810.37 BGN based on a circulating supply of 1,433,835,400 DOT. The trading volume of Polkadot has changed by -27.85% (лв -348,035,985.54 BGN) in the last 24 hours. Last trading day, DOT's trading volume was лв 1,249,720,764.89.
Market cap
$9.71B
24h volume
$491.41M
Circulating supply
1.43B DOT

Conversion tables

The exchange rate of Polkadot is decreasing.
1 DOT is currently valued at лв 12.43 BGN , which means buying 5 DOT will cost лв 62.15 BGN . Similarly, лв1 BGN can be traded for 0.08045 DOT, and лв50 BGN can be converted to 4.02 DOT, excluding any platform or gas fees.
The exchange rate of 1 DOT to Bulgarian Lev has changed by -21.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.80%, reaching a high of 12.7 BGN and a low of 11.42 BGN . One month ago, the value of 1 DOT was лв 19.81 BGN , which represents a -37.25% change from its current value. Over the last year, Polkadot has changed by
-лв
0.06174BGN
, resulting in a change of -0.49% in its value.

DOT to BGN

Amount
00:46 am today
0.5 DOT
лв6.22
1 DOT
лв12.43
5 DOT
лв62.15
10 DOT
лв124.31
50 DOT
лв621.53
100 DOT
лв1,243.05
500 DOT
лв6,215.27
1000 DOT
лв12,430.53

BGN to DOT

Amount00:46 am today
0.5BGN0.04022  DOT
1BGN0.08045  DOT
5BGN0.4022  DOT
10BGN0.8045  DOT
50BGN4.02  DOT
100BGN8.04  DOT
500BGN40.22  DOT
1000BGN80.45  DOT
share

Today vs. 24 hours ago

Amount00:46 am today24 hours ago24h change
0.5 DOT$3.39$3.17
+6.80%
1 DOT$6.77$6.34
+6.80%
5 DOT$33.87$31.72
+6.80%
10 DOT$67.75$63.43
+6.80%
50 DOT$338.73$317.16
+6.80%
100 DOT$677.45$634.32
+6.80%
500 DOT$3,387.25$3,171.59
+6.80%
1000 DOT$6,774.5$6,343.19
+6.80%

Today vs. 1 month ago

Amount00:46 am today1 month ago1M change
0.5 DOT$3.39$5.4
-37.25%
1 DOT$6.77$10.8
-37.25%
5 DOT$33.87$53.99
-37.25%
10 DOT$67.75$107.98
-37.25%
50 DOT$338.73$539.88
-37.25%
100 DOT$677.45$1,079.76
-37.25%
500 DOT$3,387.25$5,398.79
-37.25%
1000 DOT$6,774.5$10,797.57
-37.25%

Today vs. 1 year ago

Amount00:46 am today1 year ago1Y change
0.5 DOT$3.39$3.4
-0.49%
1 DOT$6.77$6.81
-0.49%
5 DOT$33.87$34.04
-0.49%
10 DOT$67.75$68.08
-0.49%
50 DOT$338.73$340.41
-0.49%
100 DOT$677.45$680.82
-0.49%
500 DOT$3,387.25$3,404.08
-0.49%
1000 DOT$6,774.5$6,808.15
-0.49%

FAQ

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