HomeBGN / ZAR • Currency
Follow
BGN / ZAR
Previous close
10.54
Market news
About Bulgarian Lev
The lev is the currency of Bulgaria. In old Bulgarian, the word "lev" meant "lion"; the word "lion" in the modern language is lаv. The lev is divided in 100 stotinki. Stotinka in Bulgarian means "a hundredth" and in fact is a translation of the French term "centime." Grammatically, the word "stotinka" comes from the word "sto".
Since 1997, the lev has been in a currency board arrangement with initially the Deutsche Mark at a fixed rate of BGL 1000 to DEM 1. After the introduction of the euro and the redenomination of the lev in 1999, this has resulted in a fixed rate to the euro of BGN 1.95583: EUR 1. Since 2020, the lev has been a part of the European Exchange Rate Mechanism. When all the conditions are met, Bulgaria is supposed to join the Eurozone by 1 January 2025. In November 2023, Bulgarian euro coin design has been revealed and approved by the Bulgarian National Bank. WikipediaAbout South African Rand
The South African rand, or simply the rand, is the official currency of the Southern African Common Monetary Area: South Africa, Namibia, Lesotho and Eswatini. It is subdivided into 100 cents and the rand and cents are separated by a comma.
The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par. Wikipedia