Pound Sterling to Bulgarian Lev Exchange Rate

Live Rate

= лв. 2.3392

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Historical Rate chart of GBP and BGN

Updated: 25 Feb 2020 20:02:49 UTC

What affects exchange rates between the US Dollar 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 USD/BGN exchange rate depends only on the USD/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 US Dollar 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 dollar, following the fluctuations of the USD/EUR exchange rate.

Pound Sterling to the Bulgarian Lev for the last 10 years

Feb 2010 Feb 2011 Feb 2012 Feb 2013 Feb 2014 Feb 2015 Feb 2016 Feb 2017 Feb 2018 Feb 2019
1 GBP = 2.2265 Inverse: 0.4491 2.2925 Inverse: 0.4362 2.3140 Inverse: 0.4322 2.2525 Inverse: 0.4440 2.3705 Inverse: 0.4219 2.6646 Inverse: 0.3753 2.4874 Inverse: 0.4020 2.3064 Inverse: 0.4336 2.2136 Inverse: 0.4518 2.2530 Inverse: 0.4439

Pound Sterling to the Bulgarian Lev for the last 10 months

Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020
1 GBP = 2.2636 Inverse: 0.4418 2.2174 Inverse: 0.4510 2.1839 Inverse: 0.4579 2.1760 Inverse: 0.4596 2.1424 Inverse: 0.4668 2.2167 Inverse: 0.4511 2.2613 Inverse: 0.4422 2.2758 Inverse: 0.4394 2.2823 Inverse: 0.4381 2.3176 Inverse: 0.4315

Pound Sterling to the Bulgarian Lev for the last 10 days

Feb 15 Feb 16 Feb 17 Feb 18 Feb 19 Feb 20 Feb 21 Feb 22 Feb 23 Feb 24
1 GBP = 2.3524 Inverse: 0.4251 2.3545 Inverse: 0.4247 2.3476 Inverse: 0.4260 2.3537 Inverse: 0.4249 2.3394 Inverse: 0.4275 2.3348 Inverse: 0.4283 2.3364 Inverse: 0.4280 2.3364 Inverse: 0.4280 2.3352 Inverse: 0.4282 2.3289 Inverse: 0.4294

Send money from GBP to BGN

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USD 0 1 - 2 days GBP 1.99 2.309 BGN
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GBP 50 Same day GBP 2.99 2.33 BGN
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GBP 1 2 days GBP 5.00 2.339 BGN
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How can I predict future exchange rates between the US Dollar 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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