Convert Bulgarian Lev to US Dollar
Convert Bulgarian Lev (BGN) to US Dollar (USD) using daily updated exchange rates.
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Exchange Rate
Exchange rates are updated daily.
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About Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, with a history dating to 1880 when it replaced the Turkish piastre after Bulgaria's liberation. The word "lev" means "lion" in Bulgarian. Following a severe financial crisis in 1996-1997, a currency board was established and the lev was pegged first to the Deutsche Mark and then to the Euro at 1.95583 BGN per EUR. Bulgaria is an EU member since 2007 and is working towards adopting the Euro. The Bulgarian National Bank issues the lev, which is divided into 100 stotinki.
About US Dollar
The US Dollar (USD) is the world's primary reserve currency, used in approximately 88% of all foreign exchange transactions globally. Introduced in 1792 with the Coinage Act, the dollar became the cornerstone of the international monetary system under the 1944 Bretton Woods Agreement. Even after the gold standard was abandoned in 1971, the dollar maintained its dominant status - oil and most global commodities are priced in dollars, and major sovereign debt is primarily denominated in USD. The Federal Reserve System (Fed) manages US monetary policy.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).