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GBANK APY to Bulgarian Lev Converter and calculator

Convert 1GBANK APY (GBK) to Bulgarian Lev (BGN) equals лв 0.07679 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of GBANK APY(GBK) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 GBK at a value of 1 GBK for 0.08 BGN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

BGN information

About the Bulgarian Lev (BGN)

What Is the Bulgarian Lev (BGN)?

The Bulgarian Lev, abbreviated as BGN and often denoted by the currency sign" лв", is the official currency of Bulgaria. BGN is a fiat currency, which is government-issued currency not backed by a physical commodity but rather by the government that issued it. The name 'lev' means 'lion' in old Bulgarian, symbolizing strength and valor. It is divided into 100 stotinki, reflecting the currency's precision and stability. The Bulgarian Lev is the sole legal tender in Bulgaria, and it is used for all transactions within the country.

The Bulgarian Lev is issued by the Bulgarian National Bank, which is the central bank of Bulgaria. The Bulgarian National Bank is responsible for the issuance and regulation of the nation's currency, as well as overseeing monetary policy and maintaining financial stability in Bulgaria.

What Is the History of BGN?

The lev was introduced in 1881, mirroring the value of the French franc. It underwent various transformations, including changes in its gold and silver backing and its pegging to other currencies like the German Reichsmark and the Soviet ruble. Post-World War II inflation led to the introduction of a new lev in 1952, pegged to the U.S. dollar. Subsequent redenominations in 1962 and 1999 aimed to stabilize the currency amidst fluctuating economic conditions, reflecting the country's efforts to maintain economic stability.

The most recent redenomination in 1999 pegged the lev to the Deutsche Mark, and later to the euro, at a fixed rate of 1.95583 BGN to 1 EUR. Bulgaria's accession to the EU in 2007 and its participation in the ERM II since 2020 are significant steps towards adopting the euro, expected in 2024.

Notes and Coins of BGN

The banknotes are available in denominations of 1, 2, 5, 10, 20, 50, and 100 leva, featuring prominent Bulgarian historical figures and landmarks, symbolizing the nation's pride and history. The coins, known as stotinki, come in smaller denominations of 1, 2, 5, 10, 20, and 50 stotinki, and 1 lev, showcasing intricate designs that often include the Madara Rider, a UNESCO World Heritage Site, and other national symbols.

Is BGN Pegged to EUR?

Yes, the Bulgarian Lev (BGN) is pegged to the Euro (EUR). The peg is set at a fixed exchange rate of 1.95583 BGN to 1 EUR. This fixed rate has been in place since the redenomination of the lev in 1999, when Bulgaria aligned its currency with the Deutsche Mark, which was subsequently replaced by the Euro.

Will Bulgaria Adopt the Euro as Its Currency?

As of January 2024, Bulgaria is on track to adopt the Euro as its official currency. Having joined the European Union in 2007, the country made a significant step by entering the Exchange Rate Mechanism II (ERM II) in July 2020. This is a crucial stage in the process of adopting the Euro, requiring Bulgaria to maintain economic stability and meet the European Union's convergence criteria. The Bulgarian Lev is currently pegged to the Euro, which is a part of aligning Bulgaria's monetary policy with that of the Eurozone. The exact date when Bulgaria will fully adopt the Euro depends on meeting all the necessary economic requirements and obtaining approval from the European Union's institutions.

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Bitget crypto-to-fiat exchange data shows that the most popular GBANK APY currency pair is the GBK to BGN, with for GBANK APY's currency code being GBK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

GBK to BGN conversion rate trend

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In the past 1D, GBANK APY has changed -1.16% to BGN. Based on the trend and price charts, GBANK APY(GBK) has changed -1.16% to BGN while Bulgarian Lev(BGN) has changed % to GBK in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв0.07679
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/23 00:33:08(UTC+0)

How to buy GBANK APY

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy GBANK APY (GBK)
Use a variety of payment options to buy GBANK APY on Bitget. We'll show you how.

Buy GBK (or USDT) for BGN (Bulgarian Lev) offers

Bitget P2P trading does not currently support direct buying of GBK with BGN. However, you can buy USDT in Bitget P2P trading first, and then buy GBK with USDT via Bitget spot market.
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Low to high
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Sell GBK (or USDT) for BGN (Bulgarian Lev) offers

Bitget P2P trading currently does not support direct selling of GBK to BGN. However, you can first exchange GBK for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of GBANK APY to Bulgarian Lev?

GBANK APY to Bulgarian Lev is falling this week.
GBANK APY's current market price is лв 0.07679 per GBK, with a total market cap of лв 0 BGN based on a circulating supply of -- GBK. The trading volume of GBANK APY has changed by +253.79% (лв 25,258.45 BGN) in the last 24 hours. Last trading day, GBK's trading volume was лв 9,952.67.
Market cap
$0
24h volume
$18.79K
Circulating supply
0 GBK

Conversion tables

The exchange rate of GBANK APY is decreasing.
1 GBK is currently valued at лв 0.07679 BGN , which means buying 5 GBK will cost лв 0.3840 BGN . Similarly, лв1 BGN can be traded for 13.02 GBK, and лв50 BGN can be converted to 651.12 GBK, excluding any platform or gas fees.
The exchange rate of 1 GBK to Bulgarian Lev has changed by -10.49% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.16%, reaching a high of 0.07910 BGN and a low of 0.07565 BGN . One month ago, the value of 1 GBK was лв 0.1209 BGN , which represents a -36.46% change from its current value. Over the last year, GBANK APY has changed by
-лв
0.03204BGN
, resulting in a change of -29.44% in its value.

GBK to BGN

Amount
00:45 am today
0.5 GBK
лв0.03840
1 GBK
лв0.07679
5 GBK
лв0.3840
10 GBK
лв0.7679
50 GBK
лв3.84
100 GBK
лв7.68
500 GBK
лв38.4
1000 GBK
лв76.79

BGN to GBK

Amount00:45 am today
0.5BGN6.51  GBK
1BGN13.02  GBK
5BGN65.11  GBK
10BGN130.22  GBK
50BGN651.12  GBK
100BGN1,302.24  GBK
500BGN6,511.21  GBK
1000BGN13,022.42  GBK

Today vs. 24 hours ago

Amount00:45 am today24 hours ago24h change
0.5 GBK$0.02049$0.02073
-1.16%
1 GBK$0.04097$0.04145
-1.16%
5 GBK$0.2049$0.2073
-1.16%
10 GBK$0.4097$0.4145
-1.16%
50 GBK$2.05$2.07
-1.16%
100 GBK$4.1$4.15
-1.16%
500 GBK$20.49$20.73
-1.16%
1000 GBK$40.97$41.45
-1.16%

Today vs. 1 month ago

Amount00:45 am today1 month ago1M change
0.5 GBK$0.02049$0.03224
-36.46%
1 GBK$0.04097$0.06448
-36.46%
5 GBK$0.2049$0.3224
-36.46%
10 GBK$0.4097$0.6448
-36.46%
50 GBK$2.05$3.22
-36.46%
100 GBK$4.1$6.45
-36.46%
500 GBK$20.49$32.24
-36.46%
1000 GBK$40.97$64.48
-36.46%

Today vs. 1 year ago

Amount00:45 am today1 year ago1Y change
0.5 GBK$0.02049$0.02903
-29.44%
1 GBK$0.04097$0.05806
-29.44%
5 GBK$0.2049$0.2903
-29.44%
10 GBK$0.4097$0.5806
-29.44%
50 GBK$2.05$2.9
-29.44%
100 GBK$4.1$5.81
-29.44%
500 GBK$20.49$29.03
-29.44%
1000 GBK$40.97$58.06
-29.44%

GBANK APY price prediction

What will the price of GBK be in 2025?

Based on GBK's historical price performance prediction model, the price of GBK is projected to reach $0.06682 in 2025.

What will the price of GBK be in 2030?

In 2030, the GBK price is expected to change by 0.00%. By the end of 2030, the GBK price is projected to reach $0.09450, with a cumulative ROI of +136.27%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between GBANK APY and BGN.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as GBANK APY and BGN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of GBANK APY in BGN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.