Pound Sterling to Bulgarian Lev Exchange Rate

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= лв. 2.1648

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Historical Rate chart of GBP and BGN

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Updated: 03 Aug 2020 10:11:02 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

Aug 2010 Aug 2011 Aug 2012 Aug 2013 Aug 2014 Aug 2015 Aug 2016 Aug 2017 Aug 2018 Aug 2019
1 GBP = 2.3561 Inverse: 0.4244 2.2402 Inverse: 0.4464 2.4896 Inverse: 0.4017 2.2562 Inverse: 0.4432 2.4530 Inverse: 0.4077 2.7817 Inverse: 0.3595 2.3294 Inverse: 0.4293 2.1828 Inverse: 0.4581 2.1952 Inverse: 0.4555 2.1417 Inverse: 0.4669

Pound Sterling to the Bulgarian Lev for the last 10 months

Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 May 2020 Jun 2020
1 GBP = 2.1983 Inverse: 0.4549 2.2650 Inverse: 0.4415 2.2925 Inverse: 0.4362 2.3009 Inverse: 0.4346 2.3315 Inverse: 0.4289 2.2405 Inverse: 0.4463 2.2105 Inverse: 0.4524 2.2334 Inverse: 0.4477 2.1741 Inverse: 0.4600 2.1548 Inverse: 0.4641

Pound Sterling to the Bulgarian Lev for the last 10 days

Jul 24 Jul 25 Jul 26 Jul 27 Jul 28 Jul 29 Jul 30 Jul 31 Aug 01 Aug 02
1 GBP = 2.1475 Inverse: 0.4657 2.1475 Inverse: 0.4657 2.1473 Inverse: 0.4657 2.1439 Inverse: 0.4664 2.1568 Inverse: 0.4636 2.1551 Inverse: 0.4640 2.1653 Inverse: 0.4618 2.1640 Inverse: 0.4621 2.1640 Inverse: 0.4621 2.1724 Inverse: 0.4603

Send money from GBP to BGN

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

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GBP 1 Same day GBP 0.00 2.153 BGN
2,153
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GBP 1 1 - 2 days GBP 1.99 2.137 BGN
2,132
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GBP 50 Same day GBP 2.99 2.143 BGN
2,137
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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 2.153 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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