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Verge to Bulgarian Lev Converter and calculator

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Convert 1Verge (XVG) to Bulgarian Lev (BGN) equals лв 0.008874 | Bitget
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Last updated as of 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 Verge(XVG) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 XVG at a value of 1 XVG for 0.01 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 Verge currency pair is the XVG to BGN, with for Verge's currency code being XVG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

XVG to BGN conversion rate trend

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In the past 1D, Verge has changed -1.60% to BGN. Based on the trend and price charts, Verge(XVG) has changed -1.60% to BGN while Bulgarian Lev(BGN) has changed % to XVG in the last 24 hours.

XVG to BGN market statistics

XVG/BGN:
лв 0.008874
XVG 24h volume:
лв 8,396,106.15
XVG market cap:
лв 146,621,688.99
XVG circulating supply:
16.52B XVG

Current XVG to BGN exchange rate

Verge to Bulgarian Lev is rising this week.
Verge's current market price is лв 0.008874 per XVG, with a total market cap of лв 146,621,688.99 BGN based on a circulating supply of 16,521,951,000 XVG. The trading volume of Verge has changed by +4.87% (лв 390,031.92 BGN) in the last 24 hours. Last trading day, XVG's trading volume was лв 8,006,074.23.

XVG to BGN Conversion tables

The exchange rate of Verge is decreasing.
1 XVG is currently valued at лв 0.008874 BGN , which means buying 5 XVG will cost лв 0.04437 BGN . Similarly, лв1 BGN can be traded for 112.68 XVG, and лв50 BGN can be converted to 5,634.21 XVG, excluding any platform or gas fees.
The exchange rate of 1 XVG to Bulgarian Lev has changed by +6.31% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.60%, reaching a high of 0.009009 BGN and a low of 0.008512 BGN . One month ago, the value of 1 XVG was лв 0.01154 BGN , which represents a -23.09% change from its current value. Over the last year, Verge has changed by
-лв
0.001348BGN
, resulting in a change of -13.18% in its value.

XVG to BGN

Amount
00:33 am today
0.5 XVG
лв0.004437
1 XVG
лв0.008874
5 XVG
лв0.04437
10 XVG
лв0.08874
50 XVG
лв0.4437
100 XVG
лв0.8874
500 XVG
лв4.44
1000 XVG
лв8.87

BGN to XVG

Amount00:33 am today
0.5BGN56.34  XVG
1BGN112.68  XVG
5BGN563.42  XVG
10BGN1,126.84  XVG
50BGN5,634.21  XVG
100BGN11,268.42  XVG
500BGN56,342.11  XVG
1000BGN112,684.22  XVG
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XVG to BGN Today vs. 24 hours ago

Amount00:33 am today24 hours ago24h change
0.5 XVGлв0.004437лв0.004510
-1.60%
1 XVGлв0.008874лв0.009019
-1.60%
5 XVGлв0.04437лв0.04510
-1.60%
10 XVGлв0.08874лв0.09019
-1.60%
50 XVGлв0.4437лв0.4510
-1.60%
100 XVGлв0.8874лв0.9019
-1.60%
500 XVGлв4.44лв4.51
-1.60%
1000 XVGлв8.87лв9.02
-1.60%

XVG to BGN Today vs. 1 month ago

Amount00:33 am today1 month ago1M change
0.5 XVGлв0.004437лв0.005769
-23.09%
1 XVGлв0.008874лв0.01154
-23.09%
5 XVGлв0.04437лв0.05769
-23.09%
10 XVGлв0.08874лв0.1154
-23.09%
50 XVGлв0.4437лв0.5769
-23.09%
100 XVGлв0.8874лв1.15
-23.09%
500 XVGлв4.44лв5.77
-23.09%
1000 XVGлв8.87лв11.54
-23.09%

XVG to BGN Today vs. 1 year ago

Amount00:33 am today1 year ago1Y change
0.5 XVGлв0.004437лв0.005111
-13.18%
1 XVGлв0.008874лв0.01022
-13.18%
5 XVGлв0.04437лв0.05111
-13.18%
10 XVGлв0.08874лв0.1022
-13.18%
50 XVGлв0.4437лв0.5111
-13.18%
100 XVGлв0.8874лв1.02
-13.18%
500 XVGлв4.44лв5.11
-13.18%
1000 XVGлв8.87лв10.22
-13.18%

How to convert XVG to BGN

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Convert XVG to BGN
Use a variety of payment options to buy Verge on Bitget. We'll show you how.

Buy XVG (or USDT) for BGN (Bulgarian Lev) offers

Bitget P2P trading does not currently support direct buying of XVG with BGN. However, you can buy USDT in Bitget P2P trading first, and then buy XVG with USDT via Bitget spot market.
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Sell XVG (or USDT) for BGN (Bulgarian Lev) offers

Bitget P2P trading currently does not support direct selling of XVG to BGN. However, you can first exchange XVG for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of XVG to BGN?

There are many factors that affect the relationship between Verge 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 XVG/BGN. When there is positive news in the market about the widespread adoption of XVG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of XVG/BGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in XVG/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 XVG/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 Verge and adjust their investment strategies accordingly in the evolving market.

Verge price prediction

What will the price of XVG be in 2026?

Based on XVG's historical price performance prediction model, the price of XVG is projected to reach $0.006889 in 2026.

What will the price of XVG be in 2031?

In 2031, the XVG price is expected to change by -1.00%. By the end of 2031, the XVG price is projected to reach $0.009731, with a cumulative ROI of +100.73%.

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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 Verge 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 Verge 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 Verge 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.