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VeChain to Bulgarian Lev Converter and calculator

Convert 1VeChain (VET) to Bulgarian Lev (BGN) equals лв 0.07816 | 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 VeChain(VET) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 VET at a value of 1 VET for 0.08 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 VeChain currency pair is the VET to BGN, with for VeChain's currency code being VET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

VET to BGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, VeChain has changed +2.03% to BGN. Based on the trend and price charts, VeChain(VET) has changed +2.03% to BGN while Bulgarian Lev(BGN) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв0.07816
0.0001% / 0.0004%vip-iconVIP
Binance
лв0.07806
0.1000% / 0.1000%
Yes
Huobi
лв0.07809
0.1000% / 0.1000%
Yes
Gate.io
лв0.07812
0.1000% / 0.1000%
Yes
KuCoin
лв0.07810
0.1000% / 0.1000%
Yes
Bitfinex
лв0.07829
0.1000% / 0.1000%
Yes
Last updated 2024/04/24 07:00:36(UTC+0)

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

VeChain to Bulgarian Lev is rising this week.
VeChain's current market price is лв 0.07816 per VET, with a total market cap of лв 5,683,323,239.63 BGN based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by +4.78% (лв 5,332,892.99 BGN) in the last 24 hours. Last trading day, VET's trading volume was лв 111,548,129.72.
Market cap
$3.11B
24h volume
$63.98M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is decreasing.
1 VET is currently valued at лв 0.07816 BGN , which means buying 5 VET will cost лв 0.3908 BGN . Similarly, лв1 BGN can be traded for 12.79 VET, and лв50 BGN can be converted to 639.72 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Bulgarian Lev has changed by +6.76% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.03%, reaching a high of 0.07897 BGN and a low of 0.07580 BGN . One month ago, the value of 1 VET was лв 0.07853 BGN , which represents a -0.48% change from its current value. Over the last year, VeChain has changed by
+лв
0.03813BGN
, resulting in a change of +95.24% in its value.

VET to BGN

Amount
07:19 am today
0.5 VET
лв0.03908
1 VET
лв0.07816
5 VET
лв0.3908
10 VET
лв0.7816
50 VET
лв3.91
100 VET
лв7.82
500 VET
лв39.08
1000 VET
лв78.16

BGN to VET

Amount07:19 am today
0.5BGN6.4  VET
1BGN12.79  VET
5BGN63.97  VET
10BGN127.94  VET
50BGN639.72  VET
100BGN1,279.44  VET
500BGN6,397.18  VET
1000BGN12,794.37  VET
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Today vs. 24 hours ago

Amount07:19 am today24 hours ago24h change
0.5 VET$0.02139$0.02097
+2.03%
1 VET$0.04278$0.04193
+2.03%
5 VET$0.2139$0.2097
+2.03%
10 VET$0.4278$0.4193
+2.03%
50 VET$2.14$2.1
+2.03%
100 VET$4.28$4.19
+2.03%
500 VET$21.39$20.97
+2.03%
1000 VET$42.78$41.93
+2.03%

Today vs. 1 month ago

Amount07:19 am today1 month ago1M change
0.5 VET$0.02139$0.02149
-0.48%
1 VET$0.04278$0.04299
-0.48%
5 VET$0.2139$0.2149
-0.48%
10 VET$0.4278$0.4299
-0.48%
50 VET$2.14$2.15
-0.48%
100 VET$4.28$4.3
-0.48%
500 VET$21.39$21.49
-0.48%
1000 VET$42.78$42.99
-0.48%

Today vs. 1 year ago

Amount07:19 am today1 year ago1Y change
0.5 VET$0.02139$0.01096
+95.24%
1 VET$0.04278$0.02191
+95.24%
5 VET$0.2139$0.1096
+95.24%
10 VET$0.4278$0.2191
+95.24%
50 VET$2.14$1.1
+95.24%
100 VET$4.28$2.19
+95.24%
500 VET$21.39$10.96
+95.24%
1000 VET$42.78$21.91
+95.24%

FAQ

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