Convert EUR to BGN - Euro to Bulgarian lev Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE EUR/BGN EXCHANGE RATE
The EUR/BGN symbol stands for the currency pairing of the Euro against the Bulgarian Lev in the forex market. The Euro is the official currency in use across 17 out of 27 member nations of the European Union and is the second most popularly traded currency in the forex market. On the other hand, the Bulgarian Lev is the official currency used solely across Bulgaria and is not traded as frequently, offering very little liquidity.In addition, the EUR/BGN forex pair experiences very little volatility as the value of the BGN is pegged to that of the Euro. The exchange rate of EUR/BGN experiences little to no movement as the Bulgarian National Bank (BNB) has fixed the peg at the value of 1 EUR = 1.95583 leva. Previously, the BGN has had its value pegged against other European currencies, including the French Franc, the German Mark and the Russian Ruble. Between 1945 and 1952, its value was also pegged to the US dollar, following which the second series of the BGN was introduced and remained in use for the next 10 years. This was followed by the third series which was then pegged to the German Mark and remained in use until 1995 when the current version of the Lev that is still in use was introduced.
EUR to BGN CONVERSION RATES
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<% amount / currencies.converter.rate |toFixed: 4 %> EUR
EUR to BGN CHARTS
EUR/BGN Live Chart
EUR/BGN Historical Chart
EUR to BGN EXCHANGE RATE - FAQ
What are some of the key economic events that cause fluctuations in the value of the Euro?

The Euro is affected by important economic data releasing from the Eurozone, including GDP, inflation, trade balance, retail sales, business confidence, PMI readings from the manufacturing and services sectors, and industrial production. Economic data from Germany - the Eurozone’s largest economy, also plays an important role in determining the value of the Euro.

What role does the ECB have in driving movements in the EUR?

The EUR experiences considerable volatility on the announcement of any changes to the monetary policy and interest rates by the European Central Bank (ECB). For instance, when the ECB hikes interest rates or tightens its monetary policy, the value of the EUR goes up against its major rivals, and vice versa.

What is a good time to trade the EUR?

The EUR sees maximum movement during the European trading session, between 07:00 AM and 04:00 PM GMT, as this is the time period when most of the market moving news from Europe releases.