Pound Sterling to Bulgarian Lev Exchange Rate

Live Rate

= лв. 2.1569

Refreshing in: 60s | Tue, Oct 27, 04:31AM GMT

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Historical Rate chart of GBP and BGN

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Updated: 27 Oct 2020 04:31:09 UTC

What affects exchange rates between the GB pound sterling and the Bulgarian Lev?

The Bulgarian lev (BGN) today is pegged to the euro at a rate of 1.95583 lev to 1 euro. As a result, the GBP/BGN exchange rate depends only on the GBP/EUR exchange rate. If the euro is strengthening, so will the lev, and vice versa.

Pound Sterling

The British pound sterling is the official currency of the United Kingdom and the fourth most traded currency in the world. Unlike the majority of EU countries, the UK didn’t adopt the euro in 1999, and the pound continues to be an important currency benchmark for many nations.
Currency:Pound Sterling
Currency Symbol:£
Sub unit:penny
Bank notes:£5, £10, £20, £50
Coins:1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Bulgarian Lev

The official currency of Bulgaria is the lev, introduced in 1881. Despite joining the EU in 2007, Bulgaria steadfastly holds on to its currency that ensures an inexpensive cost of living for its citizens. The country is one of the world’s biggest wine producers, averaging some 200,000 tons of wine per year.
Currency:Bulgarian Lev
Currency Symbol:лв.
Sub unit:stotinka
Bank notes:1, 2, 5, 10, 20, 50, 100 leva
Coins:1, 2, 5, 10, 20, 50 stotinki, 1, 2 leva

How does the pound sterling trade against the Bulgarian lev historically?

Throughout history, there have been many different exchange rate regimes in place in Bulgaria. Due to Bulgaria’s history as a communist state in the Soviet Union, as well as a traditionally weak European economy, all these exchange rate regimes have eventually been ended and replaced by a new one. It is now expected that the current peg to the euro will remain in place until Bulgaria eventually adopts the euro as their currency.

Since the year 2014, the Bulgarian lev has been trading between 1.39 and 1.88 to the pound, following the fluctuations of the GBP/EUR exchange rate.

Pound Sterling to the Bulgarian Lev for the last 10 years

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 GBP = 2.2490 Inverse: 0.4446 2.2263 Inverse: 0.4492 2.4343 Inverse: 0.4108 2.2949 Inverse: 0.4358 2.4857 Inverse: 0.4023 2.7098 Inverse: 0.3690 2.1953 Inverse: 0.4555 2.2030 Inverse: 0.4539 2.2015 Inverse: 0.4542 2.2642 Inverse: 0.4417

Pound Sterling to the Bulgarian Lev for the last 10 months

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 GBP = 2.2897 Inverse: 0.4367 2.3175 Inverse: 0.4315 2.3177 Inverse: 0.4315 2.1909 Inverse: 0.4564 2.2350 Inverse: 0.4474 2.1961 Inverse: 0.4553 2.1677 Inverse: 0.4613 2.1475 Inverse: 0.4657 2.1677 Inverse: 0.4613 2.1323 Inverse: 0.4690

Pound Sterling to the Bulgarian Lev for the last 10 days

Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26
1 GBP = 2.1529 Inverse: 0.4645 2.1570 Inverse: 0.4636 2.1516 Inverse: 0.4648 2.1392 Inverse: 0.4675 2.1640 Inverse: 0.4621 2.1636 Inverse: 0.4622 2.1508 Inverse: 0.4649 2.1512 Inverse: 0.4649 2.1523 Inverse: 0.4646 2.1560 Inverse: 0.4638

Send money from GBP to BGN

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1 Same day GBP 0.00 2.146 BGN
2,146
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GBP 1 1 - 2 days GBP 1.99 2.129 BGN
2,125
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GBP 50 Same day GBP 2.99 2.135 BGN
2,129
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
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GBP 10 Within an hour GBP 2.00 2.146 BGN
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How can I predict future exchange rates between the pound sterling and Bulgarian lev?

The current peg to the euro of 1.95583 lev to 1 euro will likely remain in place for the next few years until Bulgaria finally adopts the euro.

Bulgaria’s expected adoption of the euro has been postponed several times for a variety of reasons. Additionally, due to the current financial problems within the Eurozone, Bulgaria’s appetite for joining has been going down somewhat. It is therefore unclear when, or if, Bulgaria will adopt the euro.

Anyone looking to make large transactions or deposits in Bulgarian lev should be sure to stay updated on the current euro peg policy or indications that Bulgaria may be adopting the euro.

Market rate for common transfer amounts GBP to BGN

Pound Sterlings (GBP) Bulgarian Lev (BGN)
£1 0
£100 0
£500 0
£1000 0
£1500 0
£2500 0
£5000 0

Exchange rates from GBP to other currencies

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