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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.29%
New listings on Bitget: Pi Network
BTC/USDT$84134.20 (+2.47%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$60.6M (1D); +$218.9M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.29%
New listings on Bitget: Pi Network
BTC/USDT$84134.20 (+2.47%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$60.6M (1D); +$218.9M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
NIM
BGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Nimiq(NIM) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 NIM at a value of 1 NIM for 0.00 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.
Bitget crypto-to-fiat exchange data shows that the most popular Nimiq currency pair is the NIM to BGN, with for Nimiq's currency code being NIM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.
NIM to BGN conversion rate trend
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In the past 1D, Nimiq has changed -1.39% to BGN. Based on the trend and price charts, Nimiq(NIM) has changed -1.39% to BGN while Bulgarian Lev(BGN) has changed % to NIM in the last 24 hours.
NIM to BGN market statistics
NIM/BGN:
лв 0.001776
NIM 24h volume:
лв 97,796.09
NIM market cap:
лв 23,031,221.15
NIM circulating supply:
12.97B NIM
More info about Nimiq on Bitget
Current NIM to BGN exchange rate
Nimiq to Bulgarian Lev is falling this week.Nimiq's current market price is лв 0.001776 per NIM, with a total market cap of лв 23,031,221.15 BGN based on a circulating supply of 12,966,673,000 NIM. The trading volume of Nimiq has changed by -22.91% (лв -29,058.28 BGN) in the last 24 hours. Last trading day, NIM's trading volume was лв 126,854.36.
NIM to BGN Conversion tables
The exchange rate of Nimiq is decreasing.1 NIM is currently valued at лв 0.001776 BGN , which means buying 5 NIM will cost лв 0.008881 BGN . Similarly, лв1 BGN can be traded for 563 NIM, and лв50 BGN can be converted to 28,150.21 NIM, excluding any platform or gas fees.
The exchange rate of 1 NIM to Bulgarian Lev has changed by -7.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.39%, reaching a high of 0.001797 BGN and a low of 0.001757 BGN . One month ago, the value of 1 NIM was лв 0.002254 BGN , which represents a -21.25% change from its current value. Over the last year, Nimiq has changed by , resulting in a change of -36.90% in its value.
-лв
0.001036BGNNIM to BGN
Amount
08:48 am today
0.5 NIM
лв0.0008881
1 NIM
лв0.001776
5 NIM
лв0.008881
10 NIM
лв0.01776
50 NIM
лв0.08881
100 NIM
лв0.1776
500 NIM
лв0.8881
1000 NIM
лв1.78
BGN to NIM
Amount08:48 am today
0.5BGN281.5 NIM
1BGN563 NIM
5BGN2,815.02 NIM
10BGN5,630.04 NIM
50BGN28,150.21 NIM
100BGN56,300.42 NIM
500BGN281,502.1 NIM
1000BGN563,004.21 NIM
NIM to BGN Today vs. 24 hours ago
| Amount | 08:48 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 NIM | лв0.0008881 | лв0.0009005 | -1.39% |
| 1 NIM | лв0.001776 | лв0.001801 | -1.39% |
| 5 NIM | лв0.008881 | лв0.009005 | -1.39% |
| 10 NIM | лв0.01776 | лв0.01801 | -1.39% |
| 50 NIM | лв0.08881 | лв0.09005 | -1.39% |
| 100 NIM | лв0.1776 | лв0.1801 | -1.39% |
| 500 NIM | лв0.8881 | лв0.9005 | -1.39% |
| 1000 NIM | лв1.78 | лв1.8 | -1.39% |
NIM to BGN Today vs. 1 month ago
| Amount | 08:48 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 NIM | лв0.0008881 | лв0.001127 | -21.25% |
| 1 NIM | лв0.001776 | лв0.002254 | -21.25% |
| 5 NIM | лв0.008881 | лв0.01127 | -21.25% |
| 10 NIM | лв0.01776 | лв0.02254 | -21.25% |
| 50 NIM | лв0.08881 | лв0.1127 | -21.25% |
| 100 NIM | лв0.1776 | лв0.2254 | -21.25% |
| 500 NIM | лв0.8881 | лв1.13 | -21.25% |
| 1000 NIM | лв1.78 | лв2.25 | -21.25% |
NIM to BGN Today vs. 1 year ago
| Amount | 08:48 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 NIM | лв0.0008881 | лв0.001406 | -36.90% |
| 1 NIM | лв0.001776 | лв0.002812 | -36.90% |
| 5 NIM | лв0.008881 | лв0.01406 | -36.90% |
| 10 NIM | лв0.01776 | лв0.02812 | -36.90% |
| 50 NIM | лв0.08881 | лв0.1406 | -36.90% |
| 100 NIM | лв0.1776 | лв0.2812 | -36.90% |
| 500 NIM | лв0.8881 | лв1.41 | -36.90% |
| 1000 NIM | лв1.78 | лв2.81 | -36.90% |
How to convert NIM to BGN
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert NIM to BGN
Use a variety of payment options to buy Nimiq on Bitget. We'll show you how.
Buy NIM (or USDT) for BGN (Bulgarian Lev) offers
Bitget P2P trading does not currently support direct buying of NIM with BGN. However, you can buy USDT in Bitget P2P trading first, and then buy NIM with USDT via Bitget spot market.
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Sell NIM (or USDT) for BGN (Bulgarian Lev) offers
Bitget P2P trading currently does not support direct selling of NIM to BGN. However, you can first exchange NIM for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of NIM to BGN?
There are many factors that affect the relationship between Nimiq 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 NIM/BGN. When there is positive news in the market about the widespread adoption of NIM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of NIM/BGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in NIM/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 NIM/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 Nimiq and adjust their investment strategies accordingly in the evolving market.
Nimiq price prediction
What will the price of NIM be in 2026?
Based on NIM's historical price performance prediction model, the price of NIM is projected to reach $0.001136 in 2026.
What will the price of NIM be in 2031?
In 2031, the NIM price is expected to change by +43.00%. By the end of 2031, the NIM price is projected to reach $0.002132, with a cumulative ROI of +114.70%.
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Popular Nimiq Converter
Check out these popular currency conversions of Nimiq to several fiat currencies.
NIM to TWD
1 NIM to NT$ 0.03262 TWD
NIM to CNY
1 NIM to ¥ 0.007139 CNY
NIM to USD
1 NIM to $ 0.0009816 USD
NIM to EUR
1 NIM to € 0.0009083 EUR
NIM to CAD
1 NIM to $ 0.001413 CAD
NIM to BGN
1 NIM to лв 0.001776 BGN
NIM to KRW
1 NIM to ₩ 1.44 KRW
NIM to JPY
1 NIM to ¥ 0.1468 JPY
NIM to GBP
1 NIM to £ 0.0007598 GBP
NIM to BRL
1 NIM to R$ 0.005603 BRL
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1 BNB to лв 1,110.89 BGN
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1 ADA to лв 1.23 BGN
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1 DOGE to лв 0.3137 BGN
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1 SUI to лв 4.29 BGN
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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 Nimiq 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 Nimiq 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 Nimiq 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.
