Euro to Bulgarian Lev exchange rate

Summary EUR/BGN today

1 € = лв 1.9639
1 лв = € 0.5092 -0,01%
Last updated: 2026/04/20 17:45

Convert between Euros and Bulgarian Lev

 €
=
лв
1.2000
Flip currencies

Euro to Bulgarian Lev historical chart

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Time period:

1 year or Since 2000

Top 5 biggest currency moves against the Euro over the last 7 days

Currency
Silver (oz)
2.0318 €2.193 €+7.92%
Bitcoin (BTC)
61,576 €63,991 €+4.43%
Gold Sovereign
948.02 €966.02 €+1.89%
Gold (oz)
129.47 €131.93 €+1.89%
Egyptian Pound (EGP)
0.0161 €0.0163 €+1.87%
Iraqi Dinar (IQD)
0.0007 €0.0006 €-0.55%
Algerian Dinar (DZD)
0.0065 €0.0064 €-0.55%
Turkish Lira (TRY)
0.0191 €0.0189 €-0.85%
Yemeni Rial (YER)
0.0036 €0.0036 €-1.12%
Ukrainian Hryvnia (UAH)
0.0197 €0.0192 €-2.17%
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About Bulgarian Lev

Currency nameBulgarian Lev
Symbolлв
Also known asBGN, Bulgarian Lev, 1 BGN = 100 stotinki
ISO codeBGN
Banknotes2, 5, 10, 20, 50, 100 лв
Coins1, 2, 5, 10, 20, 50 stotinki; 1, 2 лв
Central bankBulgarian National Bank (BNB) - Website: www.bnb.bg
Countries1 country: Bulgaria (capital: Sofia, major cities: Sofia, Plovdiv, Varna, Burgas)
Population7 mil.

History

Bulgaria's currency, the lev (plural: leva), takes its name from the Bulgarian word for "lion" — the same etymology as the Romanian leu and many other regional currencies. Though Bulgaria joined the EU in 2007, it is among the few members that have not yet adopted the euro, having instead pegged the lev to the euro at a fixed rate of 1.95583 BGN per EUR since 1999, a legacy of a currency board arrangement that restored financial stability after a catastrophic crisis.

The lev was first introduced in 1881, shortly after Bulgaria's liberation from Ottoman rule in 1878. Modelled on the Latin Monetary Union's standards, it was initially tied to gold and silver. Bulgaria experienced monetary disruption during both World Wars, but the postwar communist government established a new socialist monetary system under the Bulgarian National Bank.

Under communism (1946–1989), the lev was a non-convertible command-economy currency with artificial exchange rates. After the transition to democracy in 1989–1990, Bulgaria struggled with economic chaos. In 1996–1997, a banking collapse triggered hyperinflation — the lev lost 90% of its value in months, and monthly inflation reached 243% in February 1997.

Bulgaria's response was radical: a currency board was established in July 1997, fixing the lev first to the German mark (at 1,000:1 after redenomination) and then, when the euro replaced the mark, to the euro at the current rate. This arrangement leaves the Bulgarian National Bank no discretion to print money or set interest rates, ensuring monetary stability at the cost of exchange rate flexibility.

Sources:

"Bulgarian lev", Wikipedia, https://en.wikipedia.org/wiki/Bulgarian_lev

"Currency board", Wikipedia, https://en.wikipedia.org/wiki/Currency_board