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FONSmartChain to Bulgarian Lev Converter and calculator

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Convert 1FONSmartChain (FON) to Bulgarian Lev (BGN) equals лв 0.6593 | 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 FONSmartChain(FON) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 FON at a value of 1 FON for 0.66 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 FONSmartChain currency pair is the FON to BGN, with for FONSmartChain's currency code being FON. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

FON to BGN conversion rate trend

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In the past 1D, FONSmartChain has changed -0.88% to BGN. Based on the trend and price charts, FONSmartChain(FON) has changed -0.88% to BGN while Bulgarian Lev(BGN) has changed % to FON in the last 24 hours.

FON to BGN market statistics

FON/BGN:
лв 0.6593
FON 24h volume:
лв 135,908.03
FON market cap:
лв 9,248,805.65
FON circulating supply:
14.03M FON

Current FON to BGN exchange rate

FONSmartChain to Bulgarian Lev is falling this week.
FONSmartChain's current market price is лв 0.6593 per FON, with a total market cap of лв 9,248,805.65 BGN based on a circulating supply of 14,028,793 FON. The trading volume of FONSmartChain has changed by +8.44% (лв 10,574.98 BGN) in the last 24 hours. Last trading day, FON's trading volume was лв 125,333.05.

FON to BGN Conversion tables

The exchange rate of FONSmartChain is decreasing.
1 FON is currently valued at лв 0.6593 BGN , which means buying 5 FON will cost лв 3.3 BGN . Similarly, лв1 BGN can be traded for 1.52 FON, and лв50 BGN can be converted to 75.84 FON, excluding any platform or gas fees.
The exchange rate of 1 FON to Bulgarian Lev has changed by -7.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.88%, reaching a high of 0.6666 BGN and a low of 0.6589 BGN . One month ago, the value of 1 FON was лв 1.01 BGN , which represents a -34.57% change from its current value. Over the last year, FONSmartChain has changed by
-лв
6.43BGN
, resulting in a change of -90.71% in its value.

FON to BGN

Amount
16:06 today
0.5 FON
лв0.3296
1 FON
лв0.6593
5 FON
лв3.3
10 FON
лв6.59
50 FON
лв32.96
100 FON
лв65.93
500 FON
лв329.64
1000 FON
лв659.27

BGN to FON

Amount16:06 today
0.5BGN0.7584  FON
1BGN1.52  FON
5BGN7.58  FON
10BGN15.17  FON
50BGN75.84  FON
100BGN151.68  FON
500BGN758.41  FON
1000BGN1,516.82  FON
Buy FON now

FON to BGN Today vs. 24 hours ago

Amount16:06 today24 hours ago24h change
0.5 FONлв0.3296лв0.3325
-0.88%
1 FONлв0.6593лв0.6651
-0.88%
5 FONлв3.3лв3.33
-0.88%
10 FONлв6.59лв6.65
-0.88%
50 FONлв32.96лв33.25
-0.88%
100 FONлв65.93лв66.51
-0.88%
500 FONлв329.64лв332.55
-0.88%
1000 FONлв659.27лв665.1
-0.88%

FON to BGN Today vs. 1 month ago

Amount16:06 today1 month ago1M change
0.5 FONлв0.3296лв0.5038
-34.57%
1 FONлв0.6593лв1.01
-34.57%
5 FONлв3.3лв5.04
-34.57%
10 FONлв6.59лв10.08
-34.57%
50 FONлв32.96лв50.38
-34.57%
100 FONлв65.93лв100.76
-34.57%
500 FONлв329.64лв503.81
-34.57%
1000 FONлв659.27лв1,007.62
-34.57%

FON to BGN Today vs. 1 year ago

Amount16:06 today1 year ago1Y change
0.5 FONлв0.3296лв3.55
-90.71%
1 FONлв0.6593лв7.09
-90.71%
5 FONлв3.3лв35.46
-90.71%
10 FONлв6.59лв70.93
-90.71%
50 FONлв32.96лв354.65
-90.71%
100 FONлв65.93лв709.3
-90.71%
500 FONлв329.64лв3,546.49
-90.71%
1000 FONлв659.27лв7,092.98
-90.71%

How to convert FON to BGN

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Convert FON to BGN
Use a variety of payment options to buy FONSmartChain on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of FON with BGN. However, you can buy USDT in Bitget P2P trading first, and then buy FON with USDT via Bitget spot market.
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Sell FON (or USDT) for BGN (Bulgarian Lev) offers

Bitget P2P trading currently does not support direct selling of FON to BGN. However, you can first exchange FON 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
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What factors influence the conversion rate of FON to BGN?

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

FONSmartChain price prediction

What will the price of FON be in 2026?

Based on FON's historical price performance prediction model, the price of FON is projected to reach $0.4401 in 2026.

What will the price of FON be in 2031?

In 2031, the FON price is expected to change by +48.00%. By the end of 2031, the FON price is projected to reach $1.34, with a cumulative ROI of +263.04%.

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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 FONSmartChain 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 FONSmartChain 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 FONSmartChain 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.