NGN to BGN - Naira USD

Convert your NGN to BGN. Input your desired figure.

NGN to BGN Comparison Table

Feature	NGN (Nigerian Naira)	BGN (Bulgarian Lev)
Currency Code	NGN	BGN
Symbol	₦	лв
Issuing Authority	Central Bank of Nigeria	Bulgarian National Bank
Economic Strength	Developing, resource-rich economy	Developed, transitioning economy
Exchange Rate Volatility	High	Relatively stable
Popular Use Cases	Domestic transactions, remittances	Domestic transactions, regional trade
Digital Payment Adoption	Growing adoption, mobile money prominent	Widely adopted, established infrastructure
Inflation Rate	Historically high	Generally low
Interest Rates	High	Relatively low
Foreign Exchange Reserves	Moderate	Adequate
Foreign Direct Investment (FDI)	Increasing, resource-focused	Moderate, diverse sectors

Key Observations:

The NGN is a currency of a developing economy, while the BGN is from a developed transitioning economy. This is reflected in their economic strength and stability.
The NGN experiences higher exchange rate volatility compared to the BGN.
Digital payment adoption is at a growing stage in Nigeria, with mobile money being a prominent factor. Bulgaria has a wider adoption rate with an established infrastructure.
The NGN has faced historically high inflation rates, while Bulgaria generally experiences lower inflation.

African Currencies	Asian Currencies
NGN to ZAR NGN to SDG NGN to SZL NGN to TND	NGN to INR NGN to IQD NGN to IRR NGN to ISK

European Currencies	South America Currencies
NGN to GBP NGN to GEL NGN to GHS NGN to HRK	NGN to COP NGN to CRC NGN to PEN NGN to PYG

NO:	Bulgarian Lev Facts
1	Currency Code: BGN This is the alphabetic code assigned to the Bulgarian Lev by the International Organization for Standardization (ISO).
2	Currency Symbol: лв. This is the symbol used to represent the Bulgarian Lev. It is derived from the Cyrillic letter “лев”, which means “lion”.
3	Subunit: Stotinka. The Bulgarian Lev is divided into 100 stotinki, similar to the division of many other currencies into smaller units. However, due to inflation, stotinki are rarely used in practice.
4	Currency Board System: Bulgaria operates a currency board system, which means the central bank is obligated to maintain a fixed exchange rate with a foreign currency (in this case, the Euro). This system aims to stabilize the currency and control inflation.
5	Euro Adoption Plans: Bulgaria has expressed its intention to join the Eurozone in the future. This would involve meeting specific economic criteria and adopting the Euro as its official currency.
6	Stability and Low Inflation: The Bulgarian Lev has historically maintained a high degree of stability and low inflation rates, making it a relatively strong currency in the region.
7	Cash Usage: Bulgaria is known for its relatively high cash usage compared to other European countries. This is attributed to various factors, including trust in the banking system and the preference for cash transactions in certain sectors.

Facts about the Bulgarian Lev