The Bulgarian Lev buy back rates below were last updated 7 minutes ago
Bulgaria is on the road to join the Euro. In January 2015 they began negotiations to join the exchange rate mechanism (ERM II) with a target date for joining the Euro of 1st January 2018. That may sound a long way off but it means that as the Euro falls in value, any left over Bulgarian Levs you may have are also falling in value as the two currencies are tightly linked or ‘pegged’ together. As time goes on it will get harder to find a supplier prepared to purchase leftover Lev as they will eventually become worthless so we advise to sell back as soon as you can.
Selling unused Bulgarian Lev online is very simple. Avoid the high street banks as they offer the worst buy back rates. The best Bulgarian Lev buy back rates can always be found online. The difference in value between the banks and the online currency suppliers is often quite startling and can give you as much as 10% more for exactly the same service. Because of this you should be wary of suppliers that try to tie you into selling any unused currency back to them by offering a ‘buy back guarantee’. You will usually have to pay a fee for this service, provide a receipt as proof of purchase and will be forced to accept the buy back rate they offer you. For this reason we always recommend you sell online to a competitive broker.
There are three easy steps to selling your currency back online. All of these instructions will be explained to you as you go along and we'll also email you further instructions on what to do after you've placed your order.
Enter the amount of currency you want to sell and find the best deals using our comparison table above. If you have more than one currency to sell you can add them to your order later on. Once you've found a buyer, click 'Sell Now' where you'll be asked to fill out a buy-back order form.
We'll need a few basic details from you including your contact details, the currency(ies) you would like to sell and the bank account you would like your payment sent to. Once you've completed the quick order form you'll be asked to print a copy - don't worry if you don't have a printer handy as we'll also email you a copy and you can also write your order number on a piece paper if you don't have access to a printer. At this point we'll also send a copy of your order to the buyer so they know to expect your currency.
You'll need to then post your currency and order form (or a piece of paper containing your order number) to the buyer or drop it in to them in person if you live nearby. We recommend you send you currency via Royal Mail Special Delivery as this service is fully trackable and insured for up to £2,500 (you can split larger orders up into multiple packages if necessary).
Once the buyer receives your currency they will contact you to confirm receipt and process your payment. You will then be paid directly into your bank, usually within 3 working days of them receiving your currency.
Over the past week the Bulgarian Lev buy back rate has worsened by 0.93% from last Monday's rate of 2.254 to today's rate of 2.2750 which means лв500 is worth £2.05 less today than it did a week ago. During this period the worst time to sell is right now at 2.2750 and the best time to sell was on Monday at 2.254.
The 90 day outlook has seen the Bulgarian Lev buy back rate improve by 5.90% from 2.4177 on 27th July 2016 to 2.2750 today. Based on these figures, лв500 is worth £12.97 more today than it did three months ago. The worst buy back rate we recorded was 2.4203 on 6th September 2016 and the best buy back rate we recorded was 2.224 on 11th October 2016.
Posted by Matthew Weston on 21st October 2016
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