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ALGO to BGN Converter and calculator

ALGO/BGN: 1 ALGO = 0.3970 BGN. The price of converting 1 Algorand (ALGO) to Bulgarian Lev (BGN) is 0.3970 BGN today.
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides ALGO to BGN real-time exchange rates, making it easy to convert Algorand (ALGO) to Bulgarian Lev (BGN). The conversion result is based on real-time data. The conversion result shows that 1 ALGO is currently valued at 0.40 BGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 ALGO is currently valued at 0.40 BGN, which means buying 5 ALGO would cost 1.99 BGN. Similarly, лв1 BGN can be converted to 2.52 ALGO, and лв50 BGN can be converted to 12.59 ALGO, excluding any platform or gas fees.
Algorand (ALGO) has been listed in the Innovation and Layer1 Zone. You can quickly sell or buy ALGO. Spot Trading Link:  ALGO/USDT.
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Convert ALGO to BGN

Convert BGN to ALGO

Algorand
Bulgarian Lev
1000 ALGO
397.02  BGN
5000 ALGO
1,985.09  BGN
10000 ALGO
3,970.18  BGN
In the table above, you'll find a comprehensive ALGO to BGN converter that shows the value of Algorand in Bulgarian Lev across commonly used conversion amounts. The list covers conversions from 1 ALGO to BGN, all the way up to 10000 ALGO, providing a clear view of their respective values.
Bulgarian Lev
Algorand
5000 BGN
12,593.87 ALGO
10000 BGN
25,187.74 ALGO
50000 BGN
125,938.72 ALGO
100000 BGN
251,877.44 ALGO
In the table above, you'll find a comprehensive BGN to ALGO converter that shows the value of Bulgarian Lev in Algorand across commonly used conversion amounts. The list covers conversions from 1 BGN to ALGO, all the way up to 100000 BGN, providing a clear view of their respective values.

ALGO to BGN chart

ALGO/BGN: 1 ALGO = 0.3970 BGN; 2025/04/29 12:53:07
In the past 1D, Algorand has changed -0.12% to BGN. Based on the trend and price charts, Algorand(ALGO) has changed -0.12% to BGN while Bulgarian Lev(BGN) has changed % to ALGO in the last 24 hours.
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ALGO to BGN conversion data: Volatility and price changes of Algorand in BGN

The highest Algorand price in BGN over the past 7 days was 0.4096 BGN while the lowest Algorand price in BGN over the past 7 days was 0.3558 BGN. The relative change between the highs and lows in Algorand price in BGN over the last 7 days indicates a volatility of %. You can view additional volatility data and ALGO to BGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.4046 BGN
0.4096 BGN
0.4096 BGN
0.6898 BGN
Low
0.3804 BGN
0.3558 BGN
0.2539 BGN
0.2539 BGN
Average
0 BGN
0 BGN
0 BGN
0 BGN
Volatility
%
%
%
%
Change
-0.12%
+17.95%
+25.52%
-36.38%

Algorand information

ALGO to BGN market statistics

ALGO/BGN:
лв0.3970
ALGO 24h volume:
лв139,133,223.15
ALGO market cap:
лв3,410,849,494.81
ALGO circulating supply:
8.59B ALGO

Current ALGO to BGN exchange rate

Algorand to Bulgarian Lev is rising this week.
Algorand's current market price is лв0.3970 per ALGO, with a total market cap of лв3,410,849,494.81 BGN based on a circulating supply of 8,591,160,000 ALGO. The trading volume of Algorand has changed by -7.29% (лв-10,947,487.35 BGN) in the last 24 hours. Last trading day, ALGO's trading volume was лв150,080,710.5.

More info about Algorand on Bitget

Bulgarian Lev 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.

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

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How to convert ALGO to BGN

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Bitget P2P trading does not currently support direct buying of ALGO with BGN. However, you can buy USDT in Bitget P2P trading first, and then buy ALGO with USDT via Bitget spot market.
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1 ALGO to лв0.3970 BGN
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ALGO to BGN Conversion tables

The exchange rate of Algorand is increasing.
The exchange rate of 1 ALGO to Bulgarian Lev has changed by +17.95% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.12%, reaching a high of 0.4046 BGN and a low of 0.3804 BGN . One month ago, the value of 1 ALGO was лв0.3163 BGN , which represents a +25.52% change from its current value. Over the last year, Algorand has changed by
+лв
0.07521BGN
, resulting in a change of +23.37% in its value.
24 hours ago1 month ago1 year ago
Amount12:53 today24 hours ago24h change
0.5 ALGOлв0.1985лв0.1987
-0.12%
1 ALGOлв0.3970лв0.3975
-0.12%
5 ALGOлв1.99лв1.99
-0.12%
10 ALGOлв3.97лв3.97
-0.12%
50 ALGOлв19.85лв19.87
-0.12%
100 ALGOлв39.7лв39.75
-0.12%
500 ALGOлв198.51лв198.75
-0.12%
1000 ALGOлв397.02лв397.49
-0.12%

ALGO to BGN FAQ

How much is 1 Algorand in BGN?
Right now, the price of 1 Algorand (ALGO) in Bulgarian Lev (BGN) is лв0.3970.
How much ALGO can I buy for 1 BGN?
Based on the current exchange rate, you can get 2.52 ALGO for 1 BGN.
How do I calculate or convert ALGO to BGN?
You can use our ALGO to BGN calculator at the top of this page to convert any amount of ALGO to BGN. We've also included quick-reference tables for the most popular conversions. For example, 5 BGN is equivalent to 12.59 ALGO, while 5 ALGO will cost around 1.99BGN.
What is the highest price of ALGO/BGN in history?
The all-time high price of 1 ALGO in BGN is лв5.64. It remains to be seen if the value of 1 ALGO/BGN will exceed the current all-time high.
What is the price trend of Algorand in BGN?
Over the past 7 days, the exchange rate of Algorand (ALGO) has gone up by 17.95%.   Over the last month, the exchange rate of Algorand (ALGO) has gone up by 25.52% against Bulgarian Lev (BGN).

What factors influence the conversion rate of ALGO to BGN?

There are many factors that affect the relationship between Algorand and Bulgarian Lev, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of ALGO/BGN. When there is positive news in the market about the widespread adoption of ALGO or major technological breakthroughs, it tends to trigger market optimism and drive the rise of ALGO/BGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in ALGO/BGN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of ALGO/BGN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Algorand and adjust their investment strategies accordingly in the evolving market.

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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.