Convert 550 Bulgarian Lev (BGN) to Indian Rupee (INR)
Exchange rates used for currency conversion updated on November 14th 2024 ( 11/14/2024 )
Below you will find the latest exchange rates for exchanging Bulgarian Lev (BGN) to Indian Rupee (INR) , a table containing most common conversions and a chart with the pair's evolution.
The Bulgarian Lev (BGN) to Indian Rupee (INR) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Bulgarian Lev and Indian Rupee on 11/14/2024 is 1 BGN = 45.5317 INR - AVERAGE intraday quotes were used for this currency conversion.
The official currency of Bulgaria is the lev and each lev can be subdivided into 100 stotinki. The written symbol for the lev is "??". Interestingly, even thought the stotinki is a sub-unit of the lev, the word stotinki itself in archaic Bulgraina actually is translated as "lev", which at the time was defined as "lion".
The BGN was formed in July 1999 when the previous version of the lev, then known as BGL, was re-denominated and devalued 1000:1. Originally pegged to the German Mark it is now pegged at a fixed rate to the euro.
The lev is available in 1, 2, 5, 10, 20, 50, and 100 lev banknotes with the 1 lev note no longer being printed as it was replaced by a 1 lev coin. Other minted coins of the BGN are 1, 2, 5, 10, 20, 50 stotinki and 1 lev.
About Indian Rupee (INR)
Under the monetary policy of the Reserve Bank of India (RBI) the INR, Indian rupee, having once been held back by a centrally planned economy it is increasing its presence in world currency markets as the central planning and controls are released and the Indian economy is released, embracing the free markets. The INR is a floats against a basket of goods and other currencies and it is increasing in worldwide importance as the underlying economy grows and the RBI continues to focus on price stability and the general well being of the country.
