US Dollar to Bulgarian Lev Exchange Rate

Live Rate

= лв. 1.6562

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Historical Rate chart of USD and BGN

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Updated: 14 Aug 2020 03:17:23 UTC

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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.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

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.

US Dollar 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 USD = 1.5281 Inverse: 0.6544 1.3668 Inverse: 0.7316 1.5848 Inverse: 0.6310 1.4757 Inverse: 0.6777 1.4644 Inverse: 0.6829 1.7592 Inverse: 0.5684 1.7522 Inverse: 0.5707 1.6543 Inverse: 0.6045 1.7165 Inverse: 0.5826 1.7503 Inverse: 0.5713

US Dollar 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 Jun 2020 Jul 2020
1 USD = 1.7732 Inverse: 0.5640 1.7745 Inverse: 0.5635 1.7592 Inverse: 0.5684 1.7562 Inverse: 0.5694 1.7989 Inverse: 0.5559 1.7676 Inverse: 0.5657 1.7904 Inverse: 0.5585 1.8036 Inverse: 0.5544 1.7310 Inverse: 0.5777 1.7309 Inverse: 0.5777

US Dollar to the Bulgarian Lev for the last 10 days

Aug 04 Aug 05 Aug 06 Aug 07 Aug 08 Aug 09 Aug 10 Aug 11 Aug 12 Aug 13
1 USD = 1.6598 Inverse: 0.6025 1.6474 Inverse: 0.6070 1.6482 Inverse: 0.6067 1.6594 Inverse: 0.6026 1.6592 Inverse: 0.6027 1.6587 Inverse: 0.6029 1.6659 Inverse: 0.6003 1.6637 Inverse: 0.6011 1.6575 Inverse: 0.6033 1.6572 Inverse: 0.6034

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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 USD to BGN

US Dollars (USD) Bulgarian Lev (BGN)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0


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