Euro Calculator lets you easily convert between Euro and Bulgarian lev.
We use the official fixed rate of the BNB: 1 EUR = 1.95583 BGN.
Enter amount in lev or euro.
The euro (EUR) is the official currency of the euro area, which includes 20 European Union member states such as Germany, France, Spain and Italy. It was introduced on 1 January 1999 initially as a non‑cash currency, while banknotes and coins entered circulation on 1 January 2002. The euro is the world’s second most important reserve currency and serves as a reference point on financial markets across all continents.
Bulgaria plans to adopt the euro as its official currency from 1 January 2026. The process involves meeting the Maastricht criteria (deficit, debt, inflation, interest rates, stable exchange rate) and participating in the Exchange Rate Mechanism II (ERM II). The Bulgarian lev (BGN) is pegged to the euro at a constant rate of 1 EUR = 1.95583 BGN.
The official fixed rate of the Bulgarian National Bank (BNB) against the European Central Bank (ECB) is 1 EUR = 1.95583 BGN. This rate will remain unchanged when the euro is fully adopted. The calculator on this site also uses this fixed rate.
The Law on the BNB fixed the lev’s exchange rate at 1,000 levs for 1 Deutsche mark (DEM) when Bulgaria introduced a currency board in 1997. After the euro was introduced in 1999, the rate was set at 1,955.83 levs for 1 euro, and after the denomination of the lev on 5 July the same year, the rate became 1.95583 levs for 1 euro.
After the euro is adopted, all non‑cash transactions will be automatically recalculated at the fixed rate. For consumers, the main change will be that all bills, prices and banking services will be denominated directly in euro. Lev banknotes and coins will remain in use for a one‑month transition period.
After the one‑month transition period, lev notes and coins will be exchanged free of charge at all banks, as well as in branches of Bulgarian Posts if there is no bank branch in the locality. After the first six months, banks and post offices may introduce fees and will be obliged to exchange lev notes and coins for another six months. After 12 months from the euro’s introduction, banks and Bulgarian Posts may discontinue this service.
NO! Experience from new euro‑area members shows that introducing the euro leads to a one‑off and limited increase in prices—up to 0.3%. In Croatia, for example, despite an inflation peak of 13% in November 2022, inflation started to fall even before the switch to the euro on 1 January 2023. According to Eurostat and the Croatian National Bank the effect on prices is up to 0.2%. Similar effects were recorded elsewhere: 0.3% in Slovenia, Slovakia and Estonia, 0.2% in Latvia and 0.11% in Lithuania.
From August 2025 all prices in the retail network must be shown simultaneously in lev and euro (with some exceptions, such as fuels and tobacco products). This requirement will apply for one year after the euro is adopted, i.e. until the end of 2026. The aim is for citizens to get used to the changes, monitor and compare prices, and avoid confusion.
The amount in lev is divided by the official rate (exact to the fifth decimal place). The result is rounded to the second decimal place as follows:
Yes. The calculator will remain valid because the rate will not change. It will be useful for recalculating old invoices, tax returns, salaries in euro, pensions in euro and historical data.