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PIP to BGN Converter and calculator

PIP/BGN: 1 PIP = 0.004708 BGN. The price of converting 1 Pip (PIP) to Bulgarian Lev (BGN) is 0.004708 BGN today.
PIP
PIP
BGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PIP to BGN real-time exchange rates, making it easy to convert Pip (PIP) to Bulgarian Lev (BGN). The conversion result is based on real-time data. The conversion result shows that 1 PIP is currently valued at 0.00 BGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PIP is currently valued at 0.00 BGN, which means buying 5 PIP would cost 0.02 BGN. Similarly, лв1 BGN can be converted to 212.4 PIP, and лв50 BGN can be converted to 1,062 PIP, excluding any platform or gas fees.

Convert PIP to BGN

Convert BGN to PIP

Pip
Bulgarian Lev
In the table above, you'll find a comprehensive PIP to BGN converter that shows the value of Pip in Bulgarian Lev across commonly used conversion amounts. The list covers conversions from 1 PIP to BGN, all the way up to 10000 PIP, providing a clear view of their respective values.
Bulgarian Lev
Pip
1000 BGN
212,400.04 PIP
2000 BGN
424,800.07 PIP
5000 BGN
1,062,000.19 PIP
10000 BGN
2,124,000.37 PIP
50000 BGN
10,620,001.86 PIP
100000 BGN
21,240,003.72 PIP
In the table above, you'll find a comprehensive BGN to PIP converter that shows the value of Bulgarian Lev in Pip across commonly used conversion amounts. The list covers conversions from 1 BGN to PIP, all the way up to 100000 BGN, providing a clear view of their respective values.

PIP to BGN chart

PIP/BGN: 1 PIP = 0.004708 BGN; 2025/04/30 00:13:27
In the past 1D, Pip has changed -2.27% to BGN. Based on the trend and price charts, Pip(PIP) has changed -2.27% to BGN while Bulgarian Lev(BGN) has changed % to PIP in the last 24 hours.
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PIP to BGN conversion data: Volatility and price changes of Pip in BGN

The highest Pip price in BGN over the past 7 days was 0.005302 BGN while the lowest Pip price in BGN over the past 7 days was 0.004484 BGN. The relative change between the highs and lows in Pip price in BGN over the last 7 days indicates a volatility of %. You can view additional volatility data and PIP to BGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.004965 BGN
0.005302 BGN
0.009644 BGN
0.03932 BGN
Low
0.004689 BGN
0.004484 BGN
0.004364 BGN
0.004364 BGN
Average
0 BGN
0 BGN
0 BGN
0 BGN
Volatility
%
%
%
%
Change
-2.27%
-2.33%
-30.26%
-87.45%

Pip information

PIP to BGN market statistics

PIP/BGN:
лв0.004708
PIP 24h volume:
лв113,383.33
PIP market cap:
лв1,532,860.86
PIP circulating supply:
325.58M PIP

Current PIP to BGN exchange rate

Pip to Bulgarian Lev is falling this week.
Pip's current market price is лв0.004708 per PIP, with a total market cap of лв1,532,860.86 BGN based on a circulating supply of 325,579,700 PIP. The trading volume of Pip has changed by -20.69% (лв-29,574.01 BGN) in the last 24 hours. Last trading day, PIP's trading volume was лв142,957.34.

More info about Pip on Bitget

Bulgarian Lev 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 Pip currency pair is the PIP to BGN, with for Pip's currency code being PIP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

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How to convert PIP to BGN

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PIP to BGN Conversion tables

The exchange rate of Pip is decreasing.
The exchange rate of 1 PIP to Bulgarian Lev has changed by -2.33% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.27%, reaching a high of 0.004965 BGN and a low of 0.004689 BGN . One month ago, the value of 1 PIP was лв0.006753 BGN , which represents a -30.26% change from its current value. Over the last year, Pip has changed by
-лв
0.1391BGN
, resulting in a change of -96.72% in its value.
24 hours ago1 month ago1 year ago
Amount00:13 am today24 hours ago24h change
0.5 PIPлв0.002354лв0.002409
-2.27%
1 PIPлв0.004708лв0.004818
-2.27%
5 PIPлв0.02354лв0.02409
-2.27%
10 PIPлв0.04708лв0.04818
-2.27%
50 PIPлв0.2354лв0.2409
-2.27%
100 PIPлв0.4708лв0.4818
-2.27%
500 PIPлв2.35лв2.41
-2.27%
1000 PIPлв4.71лв4.82
-2.27%

PIP to BGN FAQ

How much is 1 Pip in BGN?
Right now, the price of 1 Pip (PIP) in Bulgarian Lev (BGN) is лв0.004708.
How much PIP can I buy for 1 BGN?
Based on the current exchange rate, you can get 212.4 PIP for 1 BGN.
How do I calculate or convert PIP to BGN?
You can use our PIP to BGN calculator at the top of this page to convert any amount of PIP to BGN. We've also included quick-reference tables for the most popular conversions. For example, 5 BGN is equivalent to 1,062 PIP, while 5 PIP will cost around 0.02354BGN.
What is the highest price of PIP/BGN in history?
The all-time high price of 1 PIP in BGN is лв0.6120. It remains to be seen if the value of 1 PIP/BGN will exceed the current all-time high.
What is the price trend of Pip in BGN?
Over the past 7 days, the exchange rate of Pip (PIP) has gone down by 2.33%.   Over the last month, the exchange rate of Pip (PIP) has gone down by 30.26% against Bulgarian Lev (BGN).

What factors influence the conversion rate of PIP to BGN?

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

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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.