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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.87%
BTC/USDT$82906.66 (+0.10%)Fear and Greed Index30(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome 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 share61.87%
BTC/USDT$82906.66 (+0.10%)Fear and Greed Index30(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
MON
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 MON(MON) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 MON at a value of 1 MON for 0.05 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 MON currency pair is the MON to BGN, with for MON's currency code being MON. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.
MON to BGN conversion rate trend
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In the past 1D, MON has changed +0.33% to BGN. Based on the trend and price charts, MON(MON) has changed +0.33% to BGN while Bulgarian Lev(BGN) has changed % to MON in the last 24 hours.
MON to BGN market statistics
MON/BGN:
лв 0.04676
MON 24h volume:
лв 4,031,150.43
MON market cap:
лв 22,468,447.35
MON circulating supply:
480.55M MON
More info about MON on Bitget
Current MON to BGN exchange rate
MON to Bulgarian Lev is falling this week.MON's current market price is лв 0.04676 per MON, with a total market cap of лв 22,468,447.35 BGN based on a circulating supply of 480,552,420 MON. The trading volume of MON has changed by -3.31% (лв -138,167.01 BGN) in the last 24 hours. Last trading day, MON's trading volume was лв 4,169,317.44.
MON to BGN Conversion tables
The exchange rate of MON is decreasing.1 MON is currently valued at лв 0.04676 BGN , which means buying 5 MON will cost лв 0.2338 BGN . Similarly, лв1 BGN can be traded for 21.39 MON, and лв50 BGN can be converted to 1,069.39 MON, excluding any platform or gas fees.
The exchange rate of 1 MON to Bulgarian Lev has changed by -9.61% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.33%, reaching a high of 0.05095 BGN and a low of 0.04637 BGN . One month ago, the value of 1 MON was лв 0.04886 BGN , which represents a -4.31% change from its current value. Over the last year, MON has changed by , resulting in a change of -96.08% in its value.
-лв
1.15BGNMON to BGN
Amount
14:24 today
0.5 MON
лв0.02338
1 MON
лв0.04676
5 MON
лв0.2338
10 MON
лв0.4676
50 MON
лв2.34
100 MON
лв4.68
500 MON
лв23.38
1000 MON
лв46.76
BGN to MON
Amount14:24 today
0.5BGN10.69 MON
1BGN21.39 MON
5BGN106.94 MON
10BGN213.88 MON
50BGN1,069.39 MON
100BGN2,138.79 MON
500BGN10,693.94 MON
1000BGN21,387.88 MON
MON to BGN Today vs. 24 hours ago
| Amount | 14:24 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MON | лв0.02338 | лв0.02330 | +0.33% |
| 1 MON | лв0.04676 | лв0.04660 | +0.33% |
| 5 MON | лв0.2338 | лв0.2330 | +0.33% |
| 10 MON | лв0.4676 | лв0.4660 | +0.33% |
| 50 MON | лв2.34 | лв2.33 | +0.33% |
| 100 MON | лв4.68 | лв4.66 | +0.33% |
| 500 MON | лв23.38 | лв23.3 | +0.33% |
| 1000 MON | лв46.76 | лв46.6 | +0.33% |
MON to BGN Today vs. 1 month ago
| Amount | 14:24 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MON | лв0.02338 | лв0.02443 | -4.31% |
| 1 MON | лв0.04676 | лв0.04886 | -4.31% |
| 5 MON | лв0.2338 | лв0.2443 | -4.31% |
| 10 MON | лв0.4676 | лв0.4886 | -4.31% |
| 50 MON | лв2.34 | лв2.44 | -4.31% |
| 100 MON | лв4.68 | лв4.89 | -4.31% |
| 500 MON | лв23.38 | лв24.43 | -4.31% |
| 1000 MON | лв46.76 | лв48.86 | -4.31% |
MON to BGN Today vs. 1 year ago
| Amount | 14:24 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MON | лв0.02338 | лв0.5971 | -96.08% |
| 1 MON | лв0.04676 | лв1.19 | -96.08% |
| 5 MON | лв0.2338 | лв5.97 | -96.08% |
| 10 MON | лв0.4676 | лв11.94 | -96.08% |
| 50 MON | лв2.34 | лв59.71 | -96.08% |
| 100 MON | лв4.68 | лв119.42 | -96.08% |
| 500 MON | лв23.38 | лв597.08 | -96.08% |
| 1000 MON | лв46.76 | лв1,194.16 | -96.08% |
How to convert MON to BGN
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Convert MON to BGN
Use a variety of payment options to buy MON on Bitget. We'll show you how.
Learn MoreBuy MON (or USDT) for BGN (Bulgarian Lev) offers
Bitget P2P trading does not currently support direct buying of MON with BGN. However, you can buy USDT in Bitget P2P trading first, and then buy MON with USDT via Bitget spot market.
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Sell MON (or USDT) for BGN (Bulgarian Lev) offers
Bitget P2P trading currently does not support direct selling of MON to BGN. However, you can first exchange MON for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of MON to BGN?
There are many factors that affect the relationship between MON 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 MON/BGN. When there is positive news in the market about the widespread adoption of MON or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MON/BGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MON/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 MON/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 MON and adjust their investment strategies accordingly in the evolving market.
MON price prediction
What will the price of MON be in 2026?
Based on MON's historical price performance prediction model, the price of MON is projected to reach $0.03075 in 2026.
What will the price of MON be in 2031?
In 2031, the MON price is expected to change by +19.00%. By the end of 2031, the MON price is projected to reach $0.05790, with a cumulative ROI of +120.88%.
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Popular MON Converter
Check out these popular currency conversions of MON to several fiat currencies.
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1 MON to NT$ 0.8698 TWD
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1 MON to ¥ 0.1909 CNY
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1 MON to $ 0.02621 USD
MON to EUR
1 MON to € 0.02391 EUR
MON to CAD
1 MON to $ 0.03729 CAD
MON to BGN
1 MON to лв 0.04677 BGN
MON to KRW
1 MON to ₩ 38.25 KRW
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1 MON to ¥ 3.85 JPY
MON to GBP
1 MON to £ 0.02034 GBP
MON to BRL
1 MON to R$ 0.1531 BRL
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1 ZRO to лв 5.4 BGN
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1 VIDT to лв 0.04541 BGN
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1 AMP to лв 0.006529 BGN
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1 BERA to лв 10.05 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 MON 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 MON 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 MON 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.
