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PEN to BGN Converter and calculator

PEN/BGN: 1 PEN = 0.1696 BGN. The price of converting 1 Protocon (PEN) to Bulgarian Lev (BGN) is 0.1696 BGN today.
PEN
PEN
BGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PEN to BGN real-time exchange rates, making it easy to convert Protocon (PEN) to Bulgarian Lev (BGN). The conversion result is based on real-time data. The conversion result shows that 1 PEN is currently valued at 0.17 BGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PEN is currently valued at 0.17 BGN, which means buying 5 PEN would cost 0.85 BGN. Similarly, лв1 BGN can be converted to 5.9 PEN, and лв50 BGN can be converted to 29.49 PEN, excluding any platform or gas fees.

Convert PEN to BGN

Convert BGN to PEN

Protocon
Bulgarian Lev
10000 PEN
1,695.53  BGN
In the table above, you'll find a comprehensive PEN to BGN converter that shows the value of Protocon in Bulgarian Lev across commonly used conversion amounts. The list covers conversions from 1 PEN to BGN, all the way up to 10000 PEN, providing a clear view of their respective values.
Bulgarian Lev
Protocon
10000 BGN
58,978.58 PEN
50000 BGN
294,892.92 PEN
100000 BGN
589,785.84 PEN
In the table above, you'll find a comprehensive BGN to PEN converter that shows the value of Bulgarian Lev in Protocon across commonly used conversion amounts. The list covers conversions from 1 BGN to PEN, all the way up to 100000 BGN, providing a clear view of their respective values.

PEN to BGN chart

PEN/BGN: 1 PEN = 0.1696 BGN; 2025/04/30 03:03:28
In the past 1D, Protocon has changed +0.01% to BGN. Based on the trend and price charts, Protocon(PEN) has changed +0.01% to BGN while Bulgarian Lev(BGN) has changed % to PEN in the last 24 hours.
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PEN to BGN conversion data: Volatility and price changes of Protocon in BGN

The highest Protocon price in BGN over the past 7 days was 0.1696 BGN while the lowest Protocon price in BGN over the past 7 days was 0.02333 BGN. The relative change between the highs and lows in Protocon price in BGN over the last 7 days indicates a volatility of %. You can view additional volatility data and PEN 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
0.1696 BGN
0.1696 BGN
0.1696 BGN
0.2061 BGN
Low
0.1695 BGN
0.02333 BGN
0.02331 BGN
0.02331 BGN
Average
0 BGN
0 BGN
0 BGN
0 BGN
Volatility
%
%
%
%
Change
+0.01%
+626.75%
+153.19%
+43.90%

Protocon information

PEN to BGN market statistics

PEN/BGN:
лв0.1696
PEN 24h volume:
--
PEN market cap:
--
PEN circulating supply:
0 PEN

Current PEN to BGN exchange rate

Protocon to Bulgarian Lev is rising this week.
Protocon's current market price is лв0.1696 per PEN, with a total market cap of лв0 BGN based on a circulating supply of -- PEN. The trading volume of Protocon has changed by 0.00% (лв0 BGN) in the last 24 hours. Last trading day, PEN's trading volume was лв0.

More info about Protocon 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 Protocon currency pair is the PEN to BGN, with for Protocon's currency code being PEN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

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How to convert PEN to BGN

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PEN to BGN Conversion tables

The exchange rate of Protocon is increasing.
The exchange rate of 1 PEN to Bulgarian Lev has changed by +626.75% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 0.1696 BGN and a low of 0.1695 BGN . One month ago, the value of 1 PEN was лв0.06697 BGN , which represents a +153.19% change from its current value. Over the last year, Protocon has changed by
+лв
0.05068BGN
, resulting in a change of +42.64% in its value.
24 hours ago1 month ago1 year ago
Amount03:03 am today24 hours ago24h change
0.5 PENлв0.08478лв0.08477
+0.01%
1 PENлв0.1696лв0.1695
+0.01%
5 PENлв0.8478лв0.8477
+0.01%
10 PENлв1.7лв1.7
+0.01%
50 PENлв8.48лв8.48
+0.01%
100 PENлв16.96лв16.95
+0.01%
500 PENлв84.78лв84.77
+0.01%
1000 PENлв169.55лв169.54
+0.01%

PEN to BGN FAQ

How much is 1 Protocon in BGN?
Right now, the price of 1 Protocon (PEN) in Bulgarian Lev (BGN) is лв0.1696.
How much PEN can I buy for 1 BGN?
Based on the current exchange rate, you can get 5.9 PEN for 1 BGN.
How do I calculate or convert PEN to BGN?
You can use our PEN to BGN calculator at the top of this page to convert any amount of PEN to BGN. We've also included quick-reference tables for the most popular conversions. For example, 5 BGN is equivalent to 29.49 PEN, while 5 PEN will cost around 0.8478BGN.
What is the highest price of PEN/BGN in history?
The all-time high price of 1 PEN in BGN is лв0.3367. It remains to be seen if the value of 1 PEN/BGN will exceed the current all-time high.
What is the price trend of Protocon in BGN?
Over the past 7 days, the exchange rate of Protocon (PEN) has gone up by 626.75%.   Over the last month, the exchange rate of Protocon (PEN) has gone up by 153.19% against Bulgarian Lev (BGN).

What factors influence the conversion rate of PEN to BGN?

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