Converting from Bulgarian Lev (BGN) to Moldovan Leu (MDL)

What is Bulgarian Lev (BGN)

The Bulgarian Lev (BGN) is the official currency of Bulgaria, a European country located in the southeastern part of the continent. The name "Lev" translates to "lion," which is a national symbol of Bulgaria, emphasizing strength and resilience. The currency symbol for the Lev is "лв," and it is subdivided into 100 stotinki.

Introduced in 1881, the Lev has undergone several reforms throughout its history, especially following periods of inflation and economic instability. Today, it is a stable currency pegged to the Euro at a fixed exchange rate of approximately 1.95583 BGN to 1 Euro. This peg helps maintain stability and confidence in the currency, contributing to Bulgaria's candidacy for future Eurozone membership.

The currency can be found in both coin and banknote form. Coins include denominations of 1, 2, 5, 10, 20, 50 stotinki, and 1, 2, 5 BGN. Banknotes are available in denominations of 1, 2, 5, 10, 20, 50, and 100 BGN. As Bulgaria progresses economically, the Lev remains a key part of daily transactions and financial activities.

What is Moldovan Leu (MDL)

The Moldovan Leu (MDL) is the official currency of Moldova, a small landlocked country nestled between Romania and Ukraine. The term "Leu" also means "lion," following a historical tradition among several Eastern European currencies. The currency symbol for the Leu is "lei," and it is divided into 100 bani.

The Moldovan Leu was introduced in 1993 to replace the Soviet ruble following the country's declaration of independence from the Soviet Union in 1991. Due to economic challenges and fluctuations, the Leu has experienced considerable valuation changes, leading to several reforms and adjustments in its design. Although not pegged to any major currency, the Leu is still influenced by the economic conditions in Moldova and its trading partners.

Similar to the Lev, the Leu is available in both coins and banknotes. Coins come in denominations of 1, 5, 10, 25, and 50 bani, as well as 1, 5, and 10 lei. Banknotes are available in denominations of 1, 5, 10, 20, 50, 100, 200, and 500 lei. With ongoing reforms and integration efforts in the region, the Leu remains pivotal for everyday transactions and economic activities in Moldova.

To convert from Bulgarian Lev (BGN) to Moldovan Leu (MDL), it is essential to consult current exchange rates. Exchange rates fluctuate due to market conditions, so checking reliable financial sources for the most accurate rates is advisable. The conversion can be expressed mathematically as:

MDL = BGN × Exchange Rate

By understanding both currencies, travelers and businesspeople can facilitate smoother transactions between Bulgaria and Moldova.