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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.16%
New listings on Bitget: Pi Network
BTC/USDT$81923.99 (-4.31%)Fear and Greed Index25(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow +$218.1M (1D); +$111.9M (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 share62.16%
New listings on Bitget: Pi Network
BTC/USDT$81923.99 (-4.31%)Fear and Greed Index25(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow +$218.1M (1D); +$111.9M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
PIP
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 Pip(PIP) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 PIP at a value of 1 PIP 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.
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.
PIP to BGN conversion rate trend
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In the past 1D, Pip has changed -4.79% to BGN. Based on the trend and price charts, Pip(PIP) has changed -4.79% to BGN while Bulgarian Lev(BGN) has changed % to PIP in the last 24 hours.
PIP to BGN market statistics
PIP/BGN:
лв 0.006832
PIP 24h volume:
лв 80,998.94
PIP market cap:
лв 2,058,285.44
PIP circulating supply:
301.29M PIP
More info about Pip on Bitget
Current PIP to BGN exchange rate
Pip to Bulgarian Lev is falling this week.Pip's current market price is лв 0.006832 per PIP, with a total market cap of лв 2,058,285.44 BGN based on a circulating supply of 301,287,360 PIP. The trading volume of Pip has changed by -18.44% (лв -18,310.35 BGN) in the last 24 hours. Last trading day, PIP's trading volume was лв 99,309.29.
PIP to BGN Conversion tables
The exchange rate of Pip is decreasing.1 PIP is currently valued at лв 0.006832 BGN , which means buying 5 PIP will cost лв 0.03416 BGN . Similarly, лв1 BGN can be traded for 146.38 PIP, and лв50 BGN can be converted to 7,318.89 PIP, excluding any platform or gas fees.
The exchange rate of 1 PIP to Bulgarian Lev has changed by -16.43% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.79%, reaching a high of 0.007365 BGN and a low of 0.006666 BGN . One month ago, the value of 1 PIP was лв 0.009733 BGN , which represents a -29.81% change from its current value. Over the last year, Pip has changed by , resulting in a change of -96.86% in its value.
-лв
0.2107BGNPIP to BGN
Amount
14:39 today
0.5 PIP
лв0.003416
1 PIP
лв0.006832
5 PIP
лв0.03416
10 PIP
лв0.06832
50 PIP
лв0.3416
100 PIP
лв0.6832
500 PIP
лв3.42
1000 PIP
лв6.83
BGN to PIP
Amount14:39 today
0.5BGN73.19 PIP
1BGN146.38 PIP
5BGN731.89 PIP
10BGN1,463.78 PIP
50BGN7,318.89 PIP
100BGN14,637.78 PIP
500BGN73,188.92 PIP
1000BGN146,377.84 PIP
PIP to BGN Today vs. 24 hours ago
| Amount | 14:39 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PIP | лв0.003416 | лв0.003588 | -4.79% |
| 1 PIP | лв0.006832 | лв0.007175 | -4.79% |
| 5 PIP | лв0.03416 | лв0.03588 | -4.79% |
| 10 PIP | лв0.06832 | лв0.07175 | -4.79% |
| 50 PIP | лв0.3416 | лв0.3588 | -4.79% |
| 100 PIP | лв0.6832 | лв0.7175 | -4.79% |
| 500 PIP | лв3.42 | лв3.59 | -4.79% |
| 1000 PIP | лв6.83 | лв7.18 | -4.79% |
PIP to BGN Today vs. 1 month ago
| Amount | 14:39 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PIP | лв0.003416 | лв0.004867 | -29.81% |
| 1 PIP | лв0.006832 | лв0.009733 | -29.81% |
| 5 PIP | лв0.03416 | лв0.04867 | -29.81% |
| 10 PIP | лв0.06832 | лв0.09733 | -29.81% |
| 50 PIP | лв0.3416 | лв0.4867 | -29.81% |
| 100 PIP | лв0.6832 | лв0.9733 | -29.81% |
| 500 PIP | лв3.42 | лв4.87 | -29.81% |
| 1000 PIP | лв6.83 | лв9.73 | -29.81% |
PIP to BGN Today vs. 1 year ago
| Amount | 14:39 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PIP | лв0.003416 | лв0.1088 | -96.86% |
| 1 PIP | лв0.006832 | лв0.2175 | -96.86% |
| 5 PIP | лв0.03416 | лв1.09 | -96.86% |
| 10 PIP | лв0.06832 | лв2.18 | -96.86% |
| 50 PIP | лв0.3416 | лв10.88 | -96.86% |
| 100 PIP | лв0.6832 | лв21.75 | -96.86% |
| 500 PIP | лв3.42 | лв108.76 | -96.86% |
| 1000 PIP | лв6.83 | лв217.52 | -96.86% |
How to convert PIP to BGN
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert PIP to BGN
Use a variety of payment options to buy Pip on Bitget. We'll show you how.
Learn MoreBuy PIP (or USDT) for BGN (Bulgarian Lev) offers
Bitget P2P trading does not currently support direct buying of PIP with BGN. However, you can buy USDT in Bitget P2P trading first, and then buy PIP 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 PIP (or USDT) for BGN (Bulgarian Lev) offers
Bitget P2P trading currently does not support direct selling of PIP to BGN. However, you can first exchange PIP 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 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.
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.
Pip price prediction
What will the price of PIP be in 2026?
Based on PIP's historical price performance prediction model, the price of PIP is projected to reach $0.008736 in 2026.
What will the price of PIP be in 2031?
In 2031, the PIP price is expected to change by +43.00%. By the end of 2031, the PIP price is projected to reach $0.03538, with a cumulative ROI of +775.06%.
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Popular Pip Converter
Check out these popular currency conversions of Pip to several fiat currencies.
PIP to TWD
1 PIP to NT$ 0.1279 TWD
PIP to CNY
1 PIP to ¥ 0.02818 CNY
PIP to USD
1 PIP to $ 0.003863 USD
PIP to EUR
1 PIP to € 0.003482 EUR
PIP to CAD
1 PIP to $ 0.005424 CAD
PIP to BGN
1 PIP to лв 0.006832 BGN
PIP to KRW
1 PIP to ₩ 5.62 KRW
PIP to JPY
1 PIP to ¥ 0.5620 JPY
PIP to GBP
1 PIP to £ 0.002935 GBP
PIP to BRL
1 PIP to R$ 0.02165 BRL
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1 BTC to лв 145,605.36 BGN
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1 SOL to лв 201.73 BGN
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1 ETH to лв 3,143.74 BGN
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1 XRP to лв 3.54 BGN
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1 PI to лв 0.9924 BGN
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1 BNB to лв 1,033.34 BGN
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1 TRUMP to лв 15.8 BGN
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1 BIGTIME to лв 0.1011 BGN
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1 DOGE to лв 0.2799 BGN
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1 RARE to лв 0.1156 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 Pip 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 Pip 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 Pip 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.
