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RENEC to Bulgarian Lev Converter and calculator

Convert 1RENEC (RENEC) to Bulgarian Lev (BGN) equals лв 0.4354 | 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 RENEC(RENEC) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 RENEC at a value of 1 RENEC for 0.44 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 RENEC currency pair is the RENEC to BGN, with for RENEC's currency code being RENEC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

RENEC to BGN conversion rate trend

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In the past 1D, RENEC has changed -2.20% to BGN. Based on the trend and price charts, RENEC(RENEC) has changed -2.20% to BGN while Bulgarian Lev(BGN) has changed % to RENEC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв0.4318
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/23 08:30:46(UTC+0)

How to buy RENEC

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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.
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Buy RENEC (RENEC)
Use a variety of payment options to buy RENEC on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of RENEC with BGN. However, you can buy USDT in Bitget P2P trading first, and then buy RENEC with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
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Sell RENEC (or USDT) for BGN (Bulgarian Lev) offers

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

RENEC to Bulgarian Lev is falling this week.
RENEC's current market price is лв 0.4354 per RENEC, with a total market cap of лв 15,628,716.49 BGN based on a circulating supply of 35,895,004 RENEC. The trading volume of RENEC has changed by +5.36% (лв 122.3 BGN) in the last 24 hours. Last trading day, RENEC's trading volume was лв 2,279.93.
Market cap
$8.31M
24h volume
$1.28K
Circulating supply
35.90M RENEC

Conversion tables

The exchange rate of RENEC is increasing.
1 RENEC is currently valued at лв 0.4354 BGN , which means buying 5 RENEC will cost лв 2.18 BGN . Similarly, лв1 BGN can be traded for 2.3 RENEC, and лв50 BGN can be converted to 114.84 RENEC, excluding any platform or gas fees.
The exchange rate of 1 RENEC to Bulgarian Lev has changed by -13.76% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.20%, reaching a high of 0.4479 BGN and a low of 0.4302 BGN . One month ago, the value of 1 RENEC was лв 0.3849 BGN , which represents a +13.10% change from its current value. Over the last year, RENEC has changed by
-лв
0.1691BGN
, resulting in a change of -27.94% in its value.

RENEC to BGN

Amount
13:42 today
0.5 RENEC
лв0.2177
1 RENEC
лв0.4354
5 RENEC
лв2.18
10 RENEC
лв4.35
50 RENEC
лв21.77
100 RENEC
лв43.54
500 RENEC
лв217.7
1000 RENEC
лв435.4

BGN to RENEC

Amount13:42 today
0.5BGN1.15  RENEC
1BGN2.3  RENEC
5BGN11.48  RENEC
10BGN22.97  RENEC
50BGN114.84  RENEC
100BGN229.67  RENEC
500BGN1,148.37  RENEC
1000BGN2,296.73  RENEC

Today vs. 24 hours ago

Amount13:42 today24 hours ago24h change
0.5 RENEC$0.1158$0.1184
-2.20%
1 RENEC$0.2315$0.2367
-2.20%
5 RENEC$1.16$1.18
-2.20%
10 RENEC$2.32$2.37
-2.20%
50 RENEC$11.58$11.84
-2.20%
100 RENEC$23.15$23.67
-2.20%
500 RENEC$115.76$118.37
-2.20%
1000 RENEC$231.51$236.73
-2.20%

Today vs. 1 month ago

Amount13:42 today1 month ago1M change
0.5 RENEC$0.1158$0.1023
+13.10%
1 RENEC$0.2315$0.2046
+13.10%
5 RENEC$1.16$1.02
+13.10%
10 RENEC$2.32$2.05
+13.10%
50 RENEC$11.58$10.23
+13.10%
100 RENEC$23.15$20.46
+13.10%
500 RENEC$115.76$102.32
+13.10%
1000 RENEC$231.51$204.65
+13.10%

Today vs. 1 year ago

Amount13:42 today1 year ago1Y change
0.5 RENEC$0.1158$0.1607
-27.94%
1 RENEC$0.2315$0.3214
-27.94%
5 RENEC$1.16$1.61
-27.94%
10 RENEC$2.32$3.21
-27.94%
50 RENEC$11.58$16.07
-27.94%
100 RENEC$23.15$32.14
-27.94%
500 RENEC$115.76$160.72
-27.94%
1000 RENEC$231.51$321.43
-27.94%

RENEC price prediction

What will the price of RENEC be in 2025?

Based on RENEC's historical price performance prediction model, the price of RENEC is projected to reach $0.3557 in 2025.

What will the price of RENEC be in 2030?

In 2030, the RENEC price is expected to change by -14.00%. By the end of 2030, the RENEC price is projected to reach $0.4214, with a cumulative ROI of +82.21%.

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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 RENEC 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 RENEC 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 RENEC 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.