This report provides the real-time exchange rate between the U.S. Dollar (USD) and the Bulgarian Lev (BGN), helping traders quickly grasp market dynamics and identify potential trading opportunities.
Definition
The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Bulgarian Lev (BGN) is the official currency of Bulgaria and is pegged to the Euro within the European Exchange Rate Mechanism II (ERM II). The exchange rate between them reflects market conditions and currency valuation dynamics in the foreign exchange market.
Today’s Price
1 USD = 1.6691 BGN
24h High: 1.67 BGN
24h Low: 1.6668 BGN
Market Analysis
The USD/BGN pair continues to trade within a relatively stable range, reflecting the ongoing peg arrangement of the Bulgarian Lev and the broader strength of the U.S. Dollar in the foreign exchange market.
Technical levels: Key support at 1.6668 BGN, resistance at 1.67 BGN
Trading opportunities: Monitor the established trading range between 1.6668–1.67 BGN for potential range-bound trading strategies
Conclusion
Continue to monitor the USD/BGN pair closely. Given the currency’s peg arrangement, price movements are expected to remain relatively contained within established technical levels. Traders should focus on range-bound trading strategies while remaining alert to any broader macroeconomic shifts affecting currency valuations.
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Today's USD to BGN Price Update
Summary
This report provides the real-time exchange rate between the U.S. Dollar (USD) and the Bulgarian Lev (BGN), helping traders quickly grasp market dynamics and identify potential trading opportunities.
Definition
The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Bulgarian Lev (BGN) is the official currency of Bulgaria and is pegged to the Euro within the European Exchange Rate Mechanism II (ERM II). The exchange rate between them reflects market conditions and currency valuation dynamics in the foreign exchange market.
Today’s Price
Market Analysis
The USD/BGN pair continues to trade within a relatively stable range, reflecting the ongoing peg arrangement of the Bulgarian Lev and the broader strength of the U.S. Dollar in the foreign exchange market.
Conclusion
Continue to monitor the USD/BGN pair closely. Given the currency’s peg arrangement, price movements are expected to remain relatively contained within established technical levels. Traders should focus on range-bound trading strategies while remaining alert to any broader macroeconomic shifts affecting currency valuations.