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base info The Root Network

The Root Network to Bulgarian Lev Converter and calculator

Convert 1The Root Network (ROOT) to Bulgarian Lev (BGN) equals лв 0.05984 | 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 The Root Network(ROOT) to Bulgarian Lev(BGN). This is the real-time data. The current conversion shows 1 ROOT at a value of 1 ROOT for 0.06 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 The Root Network currency pair is the ROOT to BGN, with for The Root Network's currency code being ROOT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

ROOT to BGN conversion rate trend

1D7D1M3M1YAll
In the past 1D, The Root Network has changed -0.76% to BGN. Based on the trend and price charts, The Root Network(ROOT) has changed -0.76% to BGN while Bulgarian Lev(BGN) has changed % to ROOT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
лв0.05726
0.0200% / 0.0320%vip-iconVIP 7
Huobi
лв0.05730
0.1000% / 0.1000%
Yes
Gate.io
лв0.05733
0.1000% / 0.1000%
Yes
Bybit
лв0.05722
0.1000% / 0.1000%
Yes
KuCoin
лв0.05705
0.1000% / 0.1000%
Yes
Last updated 2024/12/23 08:00:19(UTC+0)

How to buy The Root Network

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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 The Root Network (ROOT)
Use a variety of payment options to buy The Root Network on Bitget. We'll show you how.

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

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

Bitget P2P trading currently does not support direct selling of ROOT to BGN. However, you can first exchange ROOT 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
Action
No matching ads found.

What factors influence the conversion rate of The Root Network to Bulgarian Lev?

The Root Network to Bulgarian Lev is falling this week.
The Root Network's current market price is лв 0.05984 per ROOT, with a total market cap of лв 86,572,459.89 BGN based on a circulating supply of 1,446,820,500 ROOT. The trading volume of The Root Network has changed by +93.78% (лв 8,097,957.69 BGN) in the last 24 hours. Last trading day, ROOT's trading volume was лв 8,635,445.07.
Market cap
$46.13M
24h volume
$8.92M
Circulating supply
1.45B ROOT

Conversion tables

The exchange rate of The Root Network is decreasing.
1 ROOT is currently valued at лв 0.05984 BGN , which means buying 5 ROOT will cost лв 0.2992 BGN . Similarly, лв1 BGN can be traded for 16.71 ROOT, and лв50 BGN can be converted to 835.61 ROOT, excluding any platform or gas fees.
The exchange rate of 1 ROOT to Bulgarian Lev has changed by -18.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.76%, reaching a high of 0.06488 BGN and a low of 0.05662 BGN . One month ago, the value of 1 ROOT was лв 0.06486 BGN , which represents a -7.78% change from its current value. Over the last year, The Root Network has changed by
-лв
0.03101BGN
, resulting in a change of -34.23% in its value.

ROOT to BGN

Amount
13:11 today
0.5 ROOT
лв0.02992
1 ROOT
лв0.05984
5 ROOT
лв0.2992
10 ROOT
лв0.5984
50 ROOT
лв2.99
100 ROOT
лв5.98
500 ROOT
лв29.92
1000 ROOT
лв59.84

BGN to ROOT

Amount13:11 today
0.5BGN8.36  ROOT
1BGN16.71  ROOT
5BGN83.56  ROOT
10BGN167.12  ROOT
50BGN835.61  ROOT
100BGN1,671.22  ROOT
500BGN8,356.12  ROOT
1000BGN16,712.25  ROOT

Today vs. 24 hours ago

Amount13:11 today24 hours ago24h change
0.5 ROOT$0.01594$0.01606
-0.76%
1 ROOT$0.03188$0.03213
-0.76%
5 ROOT$0.1594$0.1606
-0.76%
10 ROOT$0.3188$0.3213
-0.76%
50 ROOT$1.59$1.61
-0.76%
100 ROOT$3.19$3.21
-0.76%
500 ROOT$15.94$16.06
-0.76%
1000 ROOT$31.88$32.13
-0.76%

Today vs. 1 month ago

Amount13:11 today1 month ago1M change
0.5 ROOT$0.01594$0.01728
-7.78%
1 ROOT$0.03188$0.03456
-7.78%
5 ROOT$0.1594$0.1728
-7.78%
10 ROOT$0.3188$0.3456
-7.78%
50 ROOT$1.59$1.73
-7.78%
100 ROOT$3.19$3.46
-7.78%
500 ROOT$15.94$17.28
-7.78%
1000 ROOT$31.88$34.56
-7.78%

Today vs. 1 year ago

Amount13:11 today1 year ago1Y change
0.5 ROOT$0.01594$0.02420
-34.23%
1 ROOT$0.03188$0.04841
-34.23%
5 ROOT$0.1594$0.2420
-34.23%
10 ROOT$0.3188$0.4841
-34.23%
50 ROOT$1.59$2.42
-34.23%
100 ROOT$3.19$4.84
-34.23%
500 ROOT$15.94$24.2
-34.23%
1000 ROOT$31.88$48.41
-34.23%

The Root Network price prediction

What will the price of ROOT be in 2025?

Based on ROOT's historical price performance prediction model, the price of ROOT is projected to reach $0.04309 in 2025.

What will the price of ROOT be in 2030?

In 2030, the ROOT price is expected to change by -16.00%. By the end of 2030, the ROOT price is projected to reach $0.05327, with a cumulative ROI of +84.95%.

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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 The Root Network 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 The Root Network 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 The Root Network 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.