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Omni Network to Bulgarian Lev Converter and calculator

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Convert 1Omni Network (OMNI) to Bulgarian Lev (BGN) equals лв 5.85 | Bitget
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Last updated as of 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 Omni Network(OMNI) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 OMNI at a value of 1 OMNI for 5.85 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 Omni Network currency pair is the OMNI to BGN, with for Omni Network's currency code being OMNI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

OMNI to BGN conversion rate trend

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In the past 1D, Omni Network has changed +0.27% to BGN. Based on the trend and price charts, Omni Network(OMNI) has changed +0.27% to BGN while Bulgarian Lev(BGN) has changed % to OMNI in the last 24 hours.

OMNI to BGN market statistics

OMNI/BGN:
лв 5.85
OMNI 24h volume:
лв 19,831,847.11
OMNI market cap:
лв 96,309,096.17
OMNI circulating supply:
16.45M OMNI

Current OMNI to BGN exchange rate

Omni Network to Bulgarian Lev is falling this week.
Omni Network's current market price is лв 5.85 per OMNI, with a total market cap of лв 96,309,096.17 BGN based on a circulating supply of 16,453,509 OMNI. The trading volume of Omni Network has changed by -28.68% (лв -7,974,108.55 BGN) in the last 24 hours. Last trading day, OMNI's trading volume was лв 27,805,955.66.

OMNI to BGN Conversion tables

The exchange rate of Omni Network is decreasing.
1 OMNI is currently valued at лв 5.85 BGN , which means buying 5 OMNI will cost лв 29.27 BGN . Similarly, лв1 BGN can be traded for 0.1708 OMNI, and лв50 BGN can be converted to 8.54 OMNI, excluding any platform or gas fees.
The exchange rate of 1 OMNI to Bulgarian Lev has changed by -12.63% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.27%, reaching a high of 5.92 BGN and a low of 5.7 BGN . One month ago, the value of 1 OMNI was лв 9.04 BGN , which represents a -35.22% change from its current value. Over the last year, Omni Network has changed by
-лв
68.72BGN
, resulting in a change of -92.14% in its value.

OMNI to BGN

Amount
19:21 today
0.5 OMNI
лв2.93
1 OMNI
лв5.85
5 OMNI
лв29.27
10 OMNI
лв58.53
50 OMNI
лв292.67
100 OMNI
лв585.34
500 OMNI
лв2,926.7
1000 OMNI
лв5,853.41

BGN to OMNI

Amount19:21 today
0.5BGN0.08542  OMNI
1BGN0.1708  OMNI
5BGN0.8542  OMNI
10BGN1.71  OMNI
50BGN8.54  OMNI
100BGN17.08  OMNI
500BGN85.42  OMNI
1000BGN170.84  OMNI
Buy OMNI now

OMNI to BGN Today vs. 24 hours ago

Amount19:21 today24 hours ago24h change
0.5 OMNIлв2.93лв2.92
+0.27%
1 OMNIлв5.85лв5.84
+0.27%
5 OMNIлв29.27лв29.19
+0.27%
10 OMNIлв58.53лв58.37
+0.27%
50 OMNIлв292.67лв291.87
+0.27%
100 OMNIлв585.34лв583.74
+0.27%
500 OMNIлв2,926.7лв2,918.7
+0.27%
1000 OMNIлв5,853.41лв5,837.41
+0.27%

OMNI to BGN Today vs. 1 month ago

Amount19:21 today1 month ago1M change
0.5 OMNIлв2.93лв4.52
-35.22%
1 OMNIлв5.85лв9.04
-35.22%
5 OMNIлв29.27лв45.19
-35.22%
10 OMNIлв58.53лв90.39
-35.22%
50 OMNIлв292.67лв451.95
-35.22%
100 OMNIлв585.34лв903.89
-35.22%
500 OMNIлв2,926.7лв4,519.47
-35.22%
1000 OMNIлв5,853.41лв9,038.95
-35.22%

OMNI to BGN Today vs. 1 year ago

Amount19:21 today1 year ago1Y change
0.5 OMNIлв2.93лв37.29
-92.14%
1 OMNIлв5.85лв74.57
-92.14%
5 OMNIлв29.27лв372.85
-92.14%
10 OMNIлв58.53лв745.71
-92.14%
50 OMNIлв292.67лв3,728.54
-92.14%
100 OMNIлв585.34лв7,457.08
-92.14%
500 OMNIлв2,926.7лв37,285.4
-92.14%
1000 OMNIлв5,853.41лв74,570.8
-92.14%

How to convert OMNI to BGN

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Convert OMNI to BGN
Use a variety of payment options to buy Omni Network on Bitget. We'll show you how.

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

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

Bitget P2P trading currently does not support direct selling of OMNI to BGN. However, you can first exchange OMNI 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 OMNI to BGN?

There are many factors that affect the relationship between Omni Network 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 OMNI/BGN. When there is positive news in the market about the widespread adoption of OMNI or major technological breakthroughs, it tends to trigger market optimism and drive the rise of OMNI/BGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in OMNI/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.
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 OMNI/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 Omni Network and adjust their investment strategies accordingly in the evolving market.

Omni Network price prediction

What will the price of OMNI be in 2026?

Based on OMNI's historical price performance prediction model, the price of OMNI is projected to reach $3.75 in 2026.

What will the price of OMNI be in 2031?

In 2031, the OMNI price is expected to change by +1.00%. By the end of 2031, the OMNI price is projected to reach $6.08, with a cumulative ROI of +90.78%.

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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 Omni Network 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 Omni Network 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 Omni Network 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.