What currency is used in Bulgaria

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Bulgarian flag

Bulgaria joined the European Union alongside Romania when the EU expanded in 2007. However, it has never joined the Eurozone; the countries using the Euro, so Bulgarian currency remains the LEV (shorthand BGN) it is sub-divided into 100 stotinki. Many traders will display prices in euros for visitor information but only Bulgarian Lev will generally be accepted.

Bulgaria is enjoying an increase in tourist numbers and is a great place to visit. Bulgarian currency is a very popular purchase in the UK and Compare Holiday Money has 23 suppliers offering exchange rates for the British pound to Lev.

History

The word “Lev” means Lion in the old Bulgarian language. It became the official currency of Bulgaria in 1881 when 6 coin values were struck, banknotes were not produced until 1885 when 20 & 50 Leva notes were introduced followed later by 100 and 500 Leva.

The Lev has seen two major redenominations, the first in 1952 caused by inflation from the war years then again in 1962. Bulgarian money has had a rollercoaster ride in recent history due mainly to political circumstances and has been pegged to German, Russian and US currencies.

It is now stable and supported by the Bulgarian National Bank. Various dates have been suggested for Bulgaria to adopt the Euro but to date various factors have prevented that. A lot of analysts believe that eventually the Euro will become official Bulgarian currency.

GBP to BGN exchange rate history

90 Day

bulgarian lev 90 day exchange rate history graph

The 90 day outlook has seen the Bulgarian Lev rate increase by 2.06% from 2.1519 on 27th October 2017 to 2.1963 today. Based on these figures, £750 will buy you лв33.30 more today than it would have three months ago. The highest rate we recorded over this period was 2.1963 today and a low rate of 2.1225 on 15th November 2017.

7 Day

Over the past week the Bulgarian Lev has increased by 1.00% from last Thursday 18th January rate of 2.1746 to Wednesdya 24th rate of 2.1963 which means £750 will buy you лв16.28 more now than it would have a week ago. During this period the best rate we recorded is 24th at 2.1963 and the worst rate was 2.1678 on Sunday 21st.

These history graphs were current at the time of publication. Up to the minute history and the very latest live rates can be found by visiting our dedicated Bulgarian Lev exchange rate tables.

If you are travelling to Bulgaria and looking to buy Bulgarian currency at a location near you then you can use our BGN click and collect page. Here you can enter your postcode and search for suppliers by best exchange rate or nearest location. Be sure to order online first before you go and collect to guarantee the exchange rate.

For some great travel tips and a wealth of information about Bulgaria take a look at the excellent Lonely Planet Travel guides.

 

 

Posted by Graham Morley

Graham Morley

Graham is the Business Development Manager for Compare Holiday Money.

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