Bulgarian National Bank Publishes Updated Exchange Rates: Key Information

The Bulgarian National Bank (BNB) has published updated exchange rates, providing important information for financial markets and international trade. These rates, determined in accordance with Article 12 of the Foreign Exchange Act, have wide application in various legally regulated areas.

Among the key currencies, the British pound is quoted at 2.27158 leva, while the US dollar is valued at 1.67308 leva. The euro, as the main currency for Bulgaria due to EU membership, is traditionally fixed at 1.95583 leva according to the currency board mechanism.

For Bulgaria's regional economic partners, the Romanian leu is valued at 0.38625 leva, and the Turkish lira at 0.0410195 leva. These rates are particularly important for cross-border trade and investments.

Among Asian currencies, the Japanese yen is quoted at 0.0114176 leva per unit, and the Chinese renminbi yuan at 0.233326 leva. These rates reflect the growing importance of Asian economies in global trade.

The BNB pays special attention to the situation with the Russian ruble. Due to the instability of international financial markets, the central bank has temporarily suspended publishing the rate for the Russian currency. The last official ruble rate is from March 1, 2022, which coincides with the beginning of geopolitical tensions related to the conflict in Ukraine.

For precious metal investors, the BNB quotes gold at 5614.6 leva per troy ounce, reflecting global trends in the precious metals market.

Experts emphasize that these rates are of key importance for many economic activities, including foreign trade, foreign investments, and tourism. They serve as a basis for calculating customs duties, tax liabilities, and financial reporting of companies with international operations.

Financial analysts recommend that businesses and citizens closely monitor these rates, especially in the context of global economic uncertainty. Changes in exchange rates can have a significant impact on the competitiveness of Bulgarian exporters and on purchasing power when importing goods and services.

The BNB confirms that it will continue to closely monitor the situation in international financial markets and update the rates according to market conditions. The central bank remains committed to ensuring the stability of the Bulgarian financial system and maintaining transparency in determining and publishing exchange rates.