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Bittensor to Bulgarian Lev Converter and calculator

Convert 1Bittensor (TAO) to Bulgarian Lev (BGN) equals лв 661.19 | 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 Bittensor(TAO) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 TAO at a value of 1 TAO for 661.19 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 Bittensor currency pair is the TAO to BGN, with for Bittensor's currency code being TAO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

TAO to BGN conversion rate trend

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In the past 1D, Bittensor has changed -0.64% to BGN. Based on the trend and price charts, Bittensor(TAO) has changed -0.64% to BGN while Bulgarian Lev(BGN) has changed % to TAO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв658.24
0.0001% / 0.0004%vip-iconVIP
Binance
лв657.82
0.1000% / 0.1000%
Yes
Gate.io
лв657.46
0.1000% / 0.1000%
Yes
KuCoin
лв657.97
0.1000% / 0.1000%
Yes
Last updated 2024/05/20 13:00:18(UTC+0)

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What factors influence the conversion rate of Bittensor to Bulgarian Lev?

Bittensor to Bulgarian Lev is rising this week.
Bittensor's current market price is лв 661.19 per TAO, with a total market cap of лв 4,496,368,729.99 BGN based on a circulating supply of 6,800,455 TAO. The trading volume of Bittensor has changed by +16.24% (лв 5,617,834.9 BGN) in the last 24 hours. Last trading day, TAO's trading volume was лв 34,590,662.47.
Market cap
$2.50B
24h volume
$22.35M
Circulating supply
6.80M TAO

Conversion tables

The exchange rate of Bittensor is decreasing.
1 TAO is currently valued at лв 661.19 BGN , which means buying 5 TAO will cost лв 3,305.93 BGN . Similarly, лв1 BGN can be traded for 0.001512 TAO, and лв50 BGN can be converted to 0.07562 TAO, excluding any platform or gas fees.
The exchange rate of 1 TAO to Bulgarian Lev has changed by +1.68% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.64%, reaching a high of 679.76 BGN and a low of 646.41 BGN . One month ago, the value of 1 TAO was лв 800.43 BGN , which represents a -17.38% change from its current value. Over the last year, Bittensor has changed by
+лв
38.76BGN
, resulting in a change of +693.57% in its value.

TAO to BGN

Amount
13:44 today
0.5 TAO
лв330.59
1 TAO
лв661.19
5 TAO
лв3,305.93
10 TAO
лв6,611.86
50 TAO
лв33,059.32
100 TAO
лв66,118.65
500 TAO
лв330,593.23
1000 TAO
лв661,186.47

BGN to TAO

Amount13:44 today
0.5BGN0.0007562  TAO
1BGN0.001512  TAO
5BGN0.007562  TAO
10BGN0.01512  TAO
50BGN0.07562  TAO
100BGN0.1512  TAO
500BGN0.7562  TAO
1000BGN1.51  TAO
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Today vs. 24 hours ago

Amount13:44 today24 hours ago24h change
0.5 TAO$183.73$184.91
-0.64%
1 TAO$367.47$369.82
-0.64%
5 TAO$1,837.34$1,849.11
-0.64%
10 TAO$3,674.69$3,698.22
-0.64%
50 TAO$18,373.44$18,491.11
-0.64%
100 TAO$36,746.87$36,982.21
-0.64%
500 TAO$183,734.36$184,911.07
-0.64%
1000 TAO$367,468.72$369,822.14
-0.64%

Today vs. 1 month ago

Amount13:44 today1 month ago1M change
0.5 TAO$183.73$222.43
-17.38%
1 TAO$367.47$444.85
-17.38%
5 TAO$1,837.34$2,224.27
-17.38%
10 TAO$3,674.69$4,448.54
-17.38%
50 TAO$18,373.44$22,242.72
-17.38%
100 TAO$36,746.87$44,485.44
-17.38%
500 TAO$183,734.36$222,427.18
-17.38%
1000 TAO$367,468.72$444,854.37
-17.38%
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Today vs. 1 year ago

Amount13:44 today1 year ago1Y change
0.5 TAO$183.73$22.96
+693.57%
1 TAO$367.47$45.92
+693.57%
5 TAO$1,837.34$229.62
+693.57%
10 TAO$3,674.69$459.25
+693.57%
50 TAO$18,373.44$2,296.23
+693.57%
100 TAO$36,746.87$4,592.45
+693.57%
500 TAO$183,734.36$22,962.26
+693.57%
1000 TAO$367,468.72$45,924.53
+693.57%

Bittensor price prediction

What will the price of TAO be in 2025?

Based on TAO's historical price performance prediction model, the price of TAO is projected to reach $505.74 in 2025.

What will the price of TAO be in 2030?

In 2030, the TAO price is expected to rise by -7.00%. By the end of 2030, the TAO price is projected to reach $955.7, with a cumulative ROI of +160.08%.
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FAQ

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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.