Currency in Bulgaria: EUR Send & Spend FX Guide
Resources for Expats, Travelers and Entrepreneurs Navigating Life and Trade in Bulgaria with the Euro.
What's in this Bulgaria currency guide?
What currency is used in Bulgaria?
The official currency of Bulgaria (country code: BG) is the Euro, with symbol € and currency code EUR.
What is a good Euro exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
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Good things to know about the Euro
As of June 16, 2025, the Euro (EUR) has experienced notable developments affecting travelers, expats, and business owners:
- Interest Rate Adjustments: The European Central Bank (ECB) has reduced its key interest rates multiple times since April 2025, with the deposit rate now at 2%. This easing cycle aims to stimulate economic growth amid global uncertainties. (ft.com)
- Inflation Trends: Eurozone inflation has moderated, with the latest data showing a decrease to 2.4% in November 2024, bringing it closer to the ECB's 2% target. (nbcdfw.com)
- Eurozone Expansion: Bulgaria is on track to adopt the euro on January 1, 2026, following successful convergence assessments. This expansion may influence currency dynamics and economic interactions within the euro area. (en.wikipedia.org)
These developments are crucial for individuals and businesses engaged in international transactions, as they can impact exchange rates, purchasing power, and overall economic conditions.
For more EUR information check out our selection of Euro news and guides.
Frequently Asked Questions
What currency should I use in Bulgaria?
The domestic currency in Bulgaria is the Euro.
What is the Euro currency code and symbol?
The three letter currency code for the Euro is EUR — symbol is €.
What does the Euro look like?
Here is an example Euro banknote:
Which countries use the Euro?
It is the domestic currency in Eurozone, Aaland Islands, Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Estonia, Finland, France, French Guinea, French Southern Territories, Germany, Greece, Guadeloupe, Vatican City, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Martinique, Mayotte, Monaco, Montenegro, Netherlands, Portugal, Reunion, Saint Barthelemy, Saint Martin, Saint Pierre and Miquelon, San Marino, Slovakia, Slovenia and Spain.
Is the Euro a closed currency?
No, the Euro is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of AUD and BGN?
Here are some popular conversion amounts for AUD to BGN (Australian dollar to Bulgarian lev)*.
*Converted at the current AUDBGN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Travel money for Bulgaria
Using Wise for Euro travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Euro otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Euro cash before departure, you can save money by ordering online. You generally get better rates and can pick up the EUR cash locally or even on travel day at the airport.
Bulgaria: Travel Guide
Traveling to Bulgaria requires careful financial planning to ensure a smooth and cost-effective experience. Here's a comprehensive guide to help you navigate currency considerations and manage your money effectively during your visit.
Bulgaria is located in Southeast Europe, bordered by Romania to the north, Serbia and North Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. The country has a population of around 7 million people, and Bulgarian is the official language.
From 1 January 2026, Bulgaria officially adopted the euro (EUR) as its national currency, replacing the Bulgarian lev (BGN). The euro is divided into 100 cents and is issued in standard euro banknotes (€5, €10, €20, €50, €100, €200) and coins (1, 2, 5, 10, 20, and 50 cents, and €1 and €2). The former lev, which was subdivided into 100 stotinki, has now been fully withdrawn from circulation following the transition period.
As a full member of both the European Union and the eurozone, Bulgaria now benefits from deeper financial integration with the rest of Europe. Cashless payments are widely used, and credit and debit cards are commonly accepted across the country, including in smaller towns and rural areas.
Bulgaria’s economy is a mixed economy with a strong focus on services, manufacturing, and export-oriented industries. Euro adoption is expected to reduce currency risk, lower transaction costs for trade and travel, and improve investment confidence. While the country continues to face structural challenges such as corruption and relatively low innovation levels, eurozone membership marks a significant milestone in Bulgaria’s economic integration and long-term development.
Everyday Costs in in Bulgaria
How much does it really cost to live, work, or travel in Bulgaria? Here's what to expect for daily expenses and expat living.
Currency Guide for Bulgaria (ISO Code: BG)
Travelling to Bulgaria remains an affordable experience for visitors looking for a mix of cultural heritage, history, and natural beauty. Since adopting the euro (EUR) in 2026, prices are now quoted directly in euros, improving transparency for travellers from across Europe.
For a 1-week mid-range stay, travellers should budget around €320 – €430, covering dining, accommodation, and local activities without sacrificing comfort. Typical daily expenses in Bulgaria include:
• 🍽️ Meal at a local restaurant: €8 – €13
• ☕ Coffee: €1 – €2
• 🚍 Public transport fare: €0.50 – €1
• 📱 Prepaid SIM card: €10 – €15
• 🏨 Budget hotel or Airbnb: €25 – €50 per night
Overall, Bulgaria remains significantly more affordable than many Western countries. In comparison, a similar restaurant meal in the United States often costs $25–$50, while UK travellers will find accommodation, food, and local attractions far cheaper than in London or other major British cities.
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Insight for Expats in Bulgaria
Living in Bulgaria continues to offer strong value by European standards, even after euro adoption. Typical monthly living costs for an expat range from €750 – €1,300, depending on lifestyle and location.
Common expenses include:
• 🏠 One-bedroom apartment (city): €300 – €500
• 🛒 Groceries: €200 – €300
• 💡 Utilities: €100 – €180
With Bulgaria now part of the eurozone, banking and payments are simpler for EU residents, and card payments are widely accepted nationwide. Expats often use local banks for everyday expenses, while international cards work well for most transactions—though foreign transaction fees may still apply.
For sending or receiving money internationally, online transfer services such as Wise and OFX typically offer better exchange rates and lower fees than traditional banks. While cash exchange services remain available for small amounts, larger transfers are usually better handled online for improved value and transparency.
USD/EUR Market Data
The below interactive chart displays the USD/EUR change and UP📈 DOWN📉 trends over the past 1 Year.
Recent Euro Market News
February 5, 2026
Key Developments Affecting the Euro (EUR):
1. ECB Maintains Interest Rates Amid Economic Resilience: The European Central Bank (ECB) has kept its benchmark deposit rate at 2%, citing the eurozone's economic resilience despite global challenges. (apnews.com)
2. Eurozone Inflation Falls Below Target: Inflation in the eurozone dropped to 1.7% in January, below the ECB's 2% target, raising questions about potential future rate cuts. (exchangerates.org.uk)
3. Bulgaria Adopts the Euro: On January 1, 2026, Bulgaria became the 21st member of the eurozone, adopting the euro as its official currency. (en.wikipedia.org)
4. Euro Strength Impacts Export Competitiveness: The euro's appreciation against the US dollar has raised concerns about the competitiveness of European exports. (apnews.com)
Recent Developments in the Eurozone Economy:
- Europe's central bank maintains interest rate with economic growth resilient, Published on Thursday, February 05
- Europe sees modest growth, but the weaker US dollar looms as a threat, Published on Friday, January 30
For more EUR information read our News and guides to the Euro.
Send Money to Bulgaria - Best Rates
To get a good (and fair) exchange rate when sending money to Bulgaria you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Bulgaria
When sending money to Bulgaria it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Euro amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in Bulgaria.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Euro deposited into the recipient bank account and less margins and fees kept by the banks!
Managing money while living and working in Bulgaria
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
Understand Euro currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the EUR exchange rate and consider using a money transfer specialist or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Euro bank account: A local EUR bank account can make it easier for you to manage your finances and pay bills while you are in Bulgaria. It may also be more convenient to use a local EUR bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Bulgaria. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Bulgaria. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Bulgaria, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
We have put together some key points to help managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Bulgaria.
How is the economy in Bulgaria?
The economy of Bulgaria is a mixed economy with a strong focus on services and manufacturing. The country has made progress in recent years in reducing poverty and promoting economic growth, with its GDP growing at an average rate of around 3% per year in recent years.
The main sectors of the Bulgarian economy are services, manufacturing, and agriculture. The service sector, including finance, tourism, and real estate, is the largest contributor to the country's GDP, followed by manufacturing and agriculture. The country is also a major exporter of textiles and clothing, and has a developed IT sector.
Bulgaria is a member of the European Union and has made efforts to improve its business climate and attract foreign investment. The country has a well-developed transportation and communication infrastructure and is a hub for trade and logistics in the region. However, Bulgaria faces a number of economic challenges, including high levels of corruption, a relatively low level of innovation, and a aging population. The country also faces challenges related to the integration of its economy with the European Union, including competition from lower-cost countries.
