Currency.Wiki
Updated 3 minutes ago
 BGN =
    TRY
 Bulgarian Lev =  Turkish Lira
Trending: BGN exchange rates for the last 24 hours
  • BGN/USD 0.526042 -0.03459479
  • BGN/EUR 0.512628 0.00205319
  • BGN/JPY 82.955986 -0.39664800
  • BGN/GBP 0.425008 -0.00225752
  • BGN/CHF 0.480064 -0.00056005
  • BGN/MXN 10.852068 0.03907183
  • BGN/INR 45.139638 -1.96893565
  • BGN/BRL 3.239154 0.17959288
  • BGN/CNY 3.839789 -0.11247418

BGN/TRY exchange rate analysis over the past 90 days

Bulgarian Lev to Turkish Lira exchange rate: Over the last 90 days, the Bulgarian Lev weakened by -3.30% against the Turkish Lira, declining from TL19.2046 to TL18.5913 per Bulgarian Lev. This trend reflects the evolving economic dynamics between the Bulgaria and the Turkey. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Bulgaria and Turkey.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Bulgaria and Turkey.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Bulgaria or Turkey.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Bulgaria relative to the Turkey.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

BGN

Bulgarian Lev Currency

Country: Bulgaria

Symbol: BGN

ISO Code: BGN

Bank: Bulgarian National Bank

Interesting fact about Bulgarian Lev

The Bulgarian Lev (BGN) is the official currency of Bulgaria since 1881. It replaced the Bulgarian silver coinage and has remained the country's currency through various economic and political changes. The Lev is crucial to Bulgaria's economy and plays a significant role in trade, investment, and financial transactions.

TL

Turkish Lira Currency

Country: Turkey

Symbol: TL

ISO Code: TRY

Bank: Central Bank of the Republic of Turkey

Interesting fact about Turkish Lira

The Turkish Lira (TRY) is the official currency of Turkey. It was first introduced in 1923 during the establishment of the modern Turkish Republic. Over the years, the Lira has faced periods of high inflation and numerous currency reforms. Today, it is a significant symbol of Turkey's economy and has a crucial role in trade, commerce, and daily transactions within the country.

Quick Conversion Guide

Frequently Asked Questions

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The Bulgarian Lev to Turkish Lira exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
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Today conversion rate from 1 BGN to TRY is TL18.59.
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Yes, our site provides historical charts that show the trends and fluctuations in the Bulgarian Lev to Turkish Lira exchange rate over different time periods.
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While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
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The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.