What is the EUR to BGN exchange rate?

The Bulgarian Lev (BGN) is pegged to the Euro at a fixed rate of 1 EUR = 1.95583 BGN. This rate has been locked since Bulgaria adopted a currency board in 1999 and does not fluctuate.

Why is the BGN pegged to the Euro?

Bulgaria introduced a currency board in 1997 after a severe financial crisis, initially pegging the Lev to the Deutsche Mark. When the Euro replaced the Mark in 1999, the peg transferred automatically at the same rate (1 EUR = 1.95583 BGN). The arrangement provides monetary stability and is a prerequisite for eventual Euro adoption.

Will Bulgaria adopt the Euro soon?

Bulgaria has been a candidate for Eurozone membership. Once adopted, the conversion would use this same fixed rate of 1.95583, so the BGN and EUR would become interchangeable at that ratio.

Can I convert BGN back to EUR with this tool?

Yes. Click the swap arrows button between the two fields to reverse the conversion direction. The rate adjusts automatically (1 BGN = 0.511292 EUR).

Is this rate accurate for bank transactions?

The mid-market rate is exactly 1.95583 BGN per EUR. Banks and exchange bureaus may charge a spread on top of this, so the amount you actually receive may differ slightly.

Is my data sent anywhere?

No. All calculations happen locally in your browser using JavaScript. Nothing you type is transmitted to any server.

EUR to BGN Converter

Name: EUR to BGN Converter
Availability: InStock
Author: Nham Vu

Convert Euros (EUR) to Bulgarian Lev (BGN) using the official fixed peg rate of 1 EUR = 1.95583 BGN, with a quick-reference table and one-click reverse conversion.

EUR to BGN Converter

Fixed peg rate: 1 EUR = 1.95583 BGN — locked since 1999 by Bulgaria's currency board. This rate does not change with the market.

Exchange Rate (BGN per 1 EUR)

BGN / EUR

Amount in EUR

€

Converted to BGN

лв

Conversion Summary

Enter an amount to see the breakdown.

Quick Reference

EUR	BGN
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Summary

Convert Euros (EUR) to Bulgarian Lev (BGN) using the official fixed peg rate of 1 EUR = 1.95583 BGN, with a quick-reference table and one-click reverse conversion.

How it works

The fixed peg rate of 1.95583 BGN per EUR is pre-filled — no need to look it up.
Enter the Euro amount you want to convert.
The Bulgarian Lev equivalent appears instantly as you type.
Use the swap button to reverse direction and convert BGN to EUR instead.
Copy the result to your clipboard with one click.
The quick-reference table shows common Euro amounts at the current rate.

Use cases

Calculate the BGN value of Euro purchases when shopping in Bulgaria.
Verify wire transfer amounts between Eurozone countries and Bulgaria.
Budget for travel to Bulgaria from any Euro-zone country.
Check payroll or invoice amounts when working across EUR and BGN.
Convert Euro prices to local Bulgarian Lev before making a purchase.
Understand the exact BGN equivalent of EU grant or subsidy amounts.
Cross-check foreign exchange quotes against the official peg rate.
Quickly confirm the reverse: how many Euros a BGN amount is worth.

Frequently Asked Questions

Last updated: 2026-06-18 · Reviewed by Nham Vu