Convert Bulgarian Lev to Philippine Peso
Please provide values below to convert Bulgarian Lev [BGN] to Philippine Peso [PHP], or Convert Philippine Peso to Bulgarian Lev.
How to Convert Bulgarian Lev to Philippine Peso
1 BGN = 0.0292857857866647 PHP
Example: convert 15 BGN to PHP:
15 BGN = 15 × 0.0292857857866647 PHP = 0.439286786799971 PHP
Bulgarian Lev to Philippine Peso Conversion Table
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Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.