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Shiba Inu to Bulgarian Lev Converter and calculator

Convert 1Shiba Inu (SHIB) to Bulgarian Lev (BGN) equals лв 0.{4}3955 | 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 Shiba Inu currency pair is the SHIB to BGN, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

SHIB to BGN conversion rate trend

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In the past 1D, Shiba Inu has changed -1.57% to BGN. Based on the trend and price charts, Shiba Inu(SHIB) has changed -1.57% to BGN while Bulgarian Lev(BGN) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв0.{4}4012
0.0001% / 0.0004%vip-iconVIP
Binance
лв0.{4}4016
0.1000% / 0.1000%
Yes
Coinbase Exchange
лв0.{4}4027
0.1000% / 0.1000%
Yes
Kraken
лв0.{4}4008
0.1000% / 0.1000%
Yes
OKX
лв0.{4}4016
0.080% / 0.100%
Yes
Huobi
лв0.{4}4014
0.1000% / 0.1000%
Yes
Gate.io
лв0.{4}4018
0.1000% / 0.1000%
Yes
Bybit
лв0.{4}4014
0.1000% / 0.1000%
Yes
KuCoin
лв0.{4}4014
0.1000% / 0.1000%
Yes
Bitfinex
лв0.{4}4001
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 18:00:35(UTC+0)

What factors influence the conversion rate of Shiba Inu to Bulgarian Lev?

Shiba Inu to Bulgarian Lev is falling this week.
Shiba Inu's current market price is лв 0.{4}3955 per SHIB, with a total market cap of лв 23,305,896,577.01 BGN based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by -43.31% (лв -1,452,060,922.57 BGN) in the last 24 hours. Last trading day, SHIB's trading volume was лв 3,352,784,801.74.
Market cap
$12.68B
24h volume
$1.03B
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at лв 0.{4}3955 BGN , which means buying 5 SHIB will cost лв 0.0001977 BGN . Similarly, лв1 BGN can be traded for 25,284.99 SHIB, and лв50 BGN can be converted to 1,264,249.68 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Bulgarian Lev has changed by -25.44% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.57%, reaching a high of 0.{4}4377 BGN and a low of 0.{4}3897 BGN . One month ago, the value of 1 SHIB was лв 0.{4}4619 BGN , which represents a -14.39% change from its current value. Over the last year, Shiba Inu has changed by
+лв
0.{4}1812BGN
, resulting in a change of +84.73% in its value.

SHIB to BGN

Amount
18:34 today
0.5 SHIB
лв0.{4}1977
1 SHIB
лв0.{4}3955
5 SHIB
лв0.0001977
10 SHIB
лв0.0003955
50 SHIB
лв0.001977
100 SHIB
лв0.003955
500 SHIB
лв0.01977
1000 SHIB
лв0.03955

BGN to SHIB

Amount18:34 today
0.5BGN12,642.5  SHIB
1BGN25,284.99  SHIB
5BGN126,424.97  SHIB
10BGN252,849.94  SHIB
50BGN1,264,249.68  SHIB
100BGN2,528,499.35  SHIB
500BGN12,642,496.77  SHIB
1000BGN25,284,993.54  SHIB
share

Today vs. 24 hours ago

Amount18:34 today24 hours ago24h change
0.5 SHIB$0.{4}1075$0.{4}1093
-1.57%
1 SHIB$0.{4}2151$0.{4}2185
-1.57%
5 SHIB$0.0001075$0.0001093
-1.57%
10 SHIB$0.0002151$0.0002185
-1.57%
50 SHIB$0.001075$0.001093
-1.57%
100 SHIB$0.002151$0.002185
-1.57%
500 SHIB$0.01075$0.01093
-1.57%
1000 SHIB$0.02151$0.02185
-1.57%

Today vs. 1 month ago

Amount18:34 today1 month ago1M change
0.5 SHIB$0.{4}1075$0.{4}1256
-14.39%
1 SHIB$0.{4}2151$0.{4}2512
-14.39%
5 SHIB$0.0001075$0.0001256
-14.39%
10 SHIB$0.0002151$0.0002512
-14.39%
50 SHIB$0.001075$0.001256
-14.39%
100 SHIB$0.002151$0.002512
-14.39%
500 SHIB$0.01075$0.01256
-14.39%
1000 SHIB$0.02151$0.02512
-14.39%

Today vs. 1 year ago

Amount18:34 today1 year ago1Y change
0.5 SHIB$0.{4}1075$0.{5}5826
+84.73%
1 SHIB$0.{4}2151$0.{4}1165
+84.73%
5 SHIB$0.0001075$0.{4}5826
+84.73%
10 SHIB$0.0002151$0.0001165
+84.73%
50 SHIB$0.001075$0.0005826
+84.73%
100 SHIB$0.002151$0.001165
+84.73%
500 SHIB$0.01075$0.005826
+84.73%
1000 SHIB$0.02151$0.01165
+84.73%

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.