Convert Bulgarian Lev to Mexican Peso
Please provide values below to convert Bulgarian Lev [BGN] to Mexican Peso [MXN], or Convert Mexican Peso to Bulgarian Lev.
How to Convert Bulgarian Lev to Mexican Peso
1 BGN = 0.0894433657652246 MXN
Example: convert 15 BGN to MXN:
15 BGN = 15 × 0.0894433657652246 MXN = 1.34165048647837 MXN
Bulgarian Lev to Mexican 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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.