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Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.68%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$85811.97 (+3.08%)Fear and Greed Index49(Neutral)
Total spot Bitcoin ETF netflow +$11.8M (1D); -$56.6M (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.68%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$85811.97 (+3.08%)Fear and Greed Index49(Neutral)
Total spot Bitcoin ETF netflow +$11.8M (1D); -$56.6M (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
SPELL
BGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Spell Token(SPELL) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 SPELL at a value of 1 SPELL for 0.00 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.
Bitget crypto-to-fiat exchange data shows that the most popular Spell Token currency pair is the SPELL to BGN, with for Spell Token's currency code being SPELL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.
SPELL to BGN conversion rate trend
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In the past 1D, Spell Token has changed +0.61% to BGN. Based on the trend and price charts, Spell Token(SPELL) has changed +0.61% to BGN while Bulgarian Lev(BGN) has changed % to SPELL in the last 24 hours.
SPELL to BGN market statistics
SPELL/BGN:
лв 0.001210
SPELL 24h volume:
лв 48,273,249.53
SPELL market cap:
лв 191,860,881.37
SPELL circulating supply:
158.58B SPELL
More info about Spell Token on Bitget
Current SPELL to BGN exchange rate
Spell Token to Bulgarian Lev is rising this week.Spell Token's current market price is лв 0.001210 per SPELL, with a total market cap of лв 191,860,881.37 BGN based on a circulating supply of 158,580,640,000 SPELL. The trading volume of Spell Token has changed by -10.77% (лв -5,827,397.05 BGN) in the last 24 hours. Last trading day, SPELL's trading volume was лв 54,100,646.57.
SPELL to BGN Conversion tables
The exchange rate of Spell Token is decreasing.1 SPELL is currently valued at лв 0.001210 BGN , which means buying 5 SPELL will cost лв 0.006049 BGN . Similarly, лв1 BGN can be traded for 826.54 SPELL, and лв50 BGN can be converted to 41,326.99 SPELL, excluding any platform or gas fees.
The exchange rate of 1 SPELL to Bulgarian Lev has changed by +14.80% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.61%, reaching a high of 0.001243 BGN and a low of 0.001188 BGN . One month ago, the value of 1 SPELL was лв 0.001574 BGN , which represents a -23.10% change from its current value. Over the last year, Spell Token has changed by , resulting in a change of -36.63% in its value.
-лв
0.0007004BGNSPELL to BGN
Amount
07:26 am today
0.5 SPELL
лв0.0006049
1 SPELL
лв0.001210
5 SPELL
лв0.006049
10 SPELL
лв0.01210
50 SPELL
лв0.06049
100 SPELL
лв0.1210
500 SPELL
лв0.6049
1000 SPELL
лв1.21
BGN to SPELL
Amount07:26 am today
0.5BGN413.27 SPELL
1BGN826.54 SPELL
5BGN4,132.7 SPELL
10BGN8,265.4 SPELL
50BGN41,326.99 SPELL
100BGN82,653.97 SPELL
500BGN413,269.87 SPELL
1000BGN826,539.73 SPELL
SPELL to BGN Today vs. 24 hours ago
| Amount | 07:26 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SPELL | лв0.0006049 | лв0.0006013 | +0.61% |
| 1 SPELL | лв0.001210 | лв0.001203 | +0.61% |
| 5 SPELL | лв0.006049 | лв0.006013 | +0.61% |
| 10 SPELL | лв0.01210 | лв0.01203 | +0.61% |
| 50 SPELL | лв0.06049 | лв0.06013 | +0.61% |
| 100 SPELL | лв0.1210 | лв0.1203 | +0.61% |
| 500 SPELL | лв0.6049 | лв0.6013 | +0.61% |
| 1000 SPELL | лв1.21 | лв1.2 | +0.61% |
SPELL to BGN Today vs. 1 month ago
| Amount | 07:26 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SPELL | лв0.0006049 | лв0.0007869 | -23.10% |
| 1 SPELL | лв0.001210 | лв0.001574 | -23.10% |
| 5 SPELL | лв0.006049 | лв0.007869 | -23.10% |
| 10 SPELL | лв0.01210 | лв0.01574 | -23.10% |
| 50 SPELL | лв0.06049 | лв0.07869 | -23.10% |
| 100 SPELL | лв0.1210 | лв0.1574 | -23.10% |
| 500 SPELL | лв0.6049 | лв0.7869 | -23.10% |
| 1000 SPELL | лв1.21 | лв1.57 | -23.10% |
SPELL to BGN Today vs. 1 year ago
| Amount | 07:26 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SPELL | лв0.0006049 | лв0.0009551 | -36.63% |
| 1 SPELL | лв0.001210 | лв0.001910 | -36.63% |
| 5 SPELL | лв0.006049 | лв0.009551 | -36.63% |
| 10 SPELL | лв0.01210 | лв0.01910 | -36.63% |
| 50 SPELL | лв0.06049 | лв0.09551 | -36.63% |
| 100 SPELL | лв0.1210 | лв0.1910 | -36.63% |
| 500 SPELL | лв0.6049 | лв0.9551 | -36.63% |
| 1000 SPELL | лв1.21 | лв1.91 | -36.63% |
How to convert SPELL to BGN
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert SPELL to BGN
Use a variety of payment options to buy Spell Token on Bitget. We'll show you how.
Learn MoreBuy SPELL (or USDT) for BGN (Bulgarian Lev) offers
Bitget P2P trading does not currently support direct buying of SPELL with BGN. However, you can buy USDT in Bitget P2P trading first, and then buy SPELL with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell SPELL (or USDT) for BGN (Bulgarian Lev) offers
Bitget P2P trading currently does not support direct selling of SPELL to BGN. However, you can first exchange SPELL for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of SPELL to BGN?
There are many factors that affect the relationship between Spell Token and Bulgarian Lev, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of SPELL/BGN. When there is positive news in the market about the widespread adoption of SPELL or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SPELL/BGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SPELL/BGN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of SPELL/BGN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Spell Token and adjust their investment strategies accordingly in the evolving market.
Spell Token price prediction
What will the price of SPELL be in 2026?
Based on SPELL's historical price performance prediction model, the price of SPELL is projected to reach $0.0006031 in 2026.
What will the price of SPELL be in 2031?
In 2031, the SPELL price is expected to change by +1.00%. By the end of 2031, the SPELL price is projected to reach $0.001485, with a cumulative ROI of +116.51%.
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Popular Spell Token Converter
Check out these popular currency conversions of Spell Token to several fiat currencies.
SPELL to TWD
1 SPELL to NT$ 0.02227 TWD
SPELL to CNY
1 SPELL to ¥ 0.004878 CNY
SPELL to USD
1 SPELL to $ 0.0006748 USD
SPELL to AUD
1 SPELL to $ 0.001064 AUD
SPELL to EUR
1 SPELL to € 0.0006192 EUR
SPELL to CAD
1 SPELL to $ 0.0009673 CAD
SPELL to BGN
1 SPELL to лв 0.001210 BGN
SPELL to KRW
1 SPELL to ₩ 0.9854 KRW
SPELL to JPY
1 SPELL to ¥ 0.1002 JPY
SPELL to GBP
1 SPELL to £ 0.0005193 GBP
SPELL to BRL
1 SPELL to R$ 0.003813 BRL
Popular cryptocurrencies to BGN
Explore other cryptocurrencies based on your interest in Spell Token.
BTC to BGN
1 BTC to лв 153,950.03 BGN
XRP to BGN
1 XRP to лв 4.4 BGN
ETH to BGN
1 ETH to лв 3,606.71 BGN
SOL to BGN
1 SOL to лв 241.21 BGN
TUT to BGN
1 TUT to лв 0.09090 BGN
FARTCOIN to BGN
1 FARTCOIN to лв 0.6685 BGN
X to BGN
1 X to лв 0.0002179 BGN
UNI to BGN
1 UNI to лв 12.22 BGN
BONK to BGN
1 BONK to лв 0.{4}2071 BGN
DOGE to BGN
1 DOGE to лв 0.3131 BGN
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Spell Token and BGN.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Spell Token and BGN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Spell Token in BGN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.
