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MTRM to BGN Converter and calculator

MTRM/BGN: 1 MTRM = 0.02348 BGN. The price of converting 1 Materium (MTRM) to Bulgarian Lev (BGN) is 0.02348 BGN today.
MTRM
MTRM
BGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MTRM to BGN real-time exchange rates, making it easy to convert Materium (MTRM) to Bulgarian Lev (BGN). The conversion result is based on real-time data. The conversion result shows that 1 MTRM is currently valued at 0.02348 BGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MTRM is currently valued at 0.02348 BGN, which means buying 5 MTRM would cost 0.1174 BGN. Similarly, лв1 BGN can be converted to 42.6 MTRM, and лв50 BGN can be converted to 212.98 MTRM, excluding any platform or gas fees.

Convert MTRM to BGN

Convert BGN to MTRM

Materium
Bulgarian Lev
5000 MTRM
117.38  BGN
10000 MTRM
234.77  BGN
In the table above, you'll find a comprehensive MTRM to BGN converter that shows the value of Materium in Bulgarian Lev across commonly used conversion amounts. The list covers conversions from 1 MTRM to BGN, all the way up to 10000 MTRM, providing a clear view of their respective values.
Bulgarian Lev
Materium
1000 BGN
42,595.58 MTRM
2000 BGN
85,191.16 MTRM
5000 BGN
212,977.9 MTRM
10000 BGN
425,955.79 MTRM
50000 BGN
2,129,778.95 MTRM
100000 BGN
4,259,557.9 MTRM
In the table above, you'll find a comprehensive BGN to MTRM converter that shows the value of Bulgarian Lev in Materium across commonly used conversion amounts. The list covers conversions from 1 BGN to MTRM, all the way up to 100000 BGN, providing a clear view of their respective values.

MTRM to BGN chart

MTRM/BGN: 1 MTRM = 0.02348 BGN; 2025/06/25 16:14:51
In the past 1D, Materium has changed -48.33% to BGN. Based on the trend and price charts, Materium(MTRM) has changed -48.33% to BGN while Bulgarian Lev(BGN) has changed % to MTRM in the last 24 hours.
1D7D1M3M1YAll

MTRM to BGN conversion data: Volatility and price changes of Materium in BGN

The highest Materium price in BGN over the past 7 days was 0.04543 BGN while the lowest Materium price in BGN over the past 7 days was 0.01271 BGN. The relative change between the highs and lows in Materium price in BGN over the last 7 days indicates a volatility of %. You can view additional volatility data and MTRM to BGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.04986 BGN
0.04543 BGN
0.04986 BGN
0.1208 BGN
Low
0.02348 BGN
0.01271 BGN
0.01175 BGN
0.006352 BGN
Average
0 BGN
0 BGN
0 BGN
0 BGN
Volatility
%
%
%
%
Change
-48.33%
+84.78%
-7.69%
+92.86%

Materium information

MTRM to BGN market statistics

MTRM/BGN:
лв0.02348
MTRM 24h volume:
--
MTRM market cap:
--
MTRM circulating supply:
0 MTRM

Current MTRM to BGN exchange rate

Materium to Bulgarian Lev is rising this week.
Materium's current market price is лв0.02348 per MTRM, with a total market cap of лв0 BGN based on a circulating supply of -- MTRM. The trading volume of Materium has changed by 0.00% (лв0 BGN) in the last 24 hours. Last trading day, MTRM's trading volume was лв0.

More info about Materium on Bitget

Bulgarian Lev information

About the Bulgarian Lev (BGN)

What Is the Bulgarian Lev (BGN)?

The Bulgarian Lev, abbreviated as BGN and often denoted by the currency sign" лв", is the official currency of Bulgaria. BGN is a fiat currency, which is government-issued currency not backed by a physical commodity but rather by the government that issued it. The name 'lev' means 'lion' in old Bulgarian, symbolizing strength and valor. It is divided into 100 stotinki, reflecting the currency's precision and stability. The Bulgarian Lev is the sole legal tender in Bulgaria, and it is used for all transactions within the country.

The Bulgarian Lev is issued by the Bulgarian National Bank, which is the central bank of Bulgaria. The Bulgarian National Bank is responsible for the issuance and regulation of the nation's currency, as well as overseeing monetary policy and maintaining financial stability in Bulgaria.

What Is the History of BGN?

The lev was introduced in 1881, mirroring the value of the French franc. It underwent various transformations, including changes in its gold and silver backing and its pegging to other currencies like the German Reichsmark and the Soviet ruble. Post-World War II inflation led to the introduction of a new lev in 1952, pegged to the U.S. dollar. Subsequent redenominations in 1962 and 1999 aimed to stabilize the currency amidst fluctuating economic conditions, reflecting the country's efforts to maintain economic stability.

The most recent redenomination in 1999 pegged the lev to the Deutsche Mark, and later to the euro, at a fixed rate of 1.95583 BGN to 1 EUR. Bulgaria's accession to the EU in 2007 and its participation in the ERM II since 2020 are significant steps towards adopting the euro, expected in 2024.

Notes and Coins of BGN

The banknotes are available in denominations of 1, 2, 5, 10, 20, 50, and 100 leva, featuring prominent Bulgarian historical figures and landmarks, symbolizing the nation's pride and history. The coins, known as stotinki, come in smaller denominations of 1, 2, 5, 10, 20, and 50 stotinki, and 1 lev, showcasing intricate designs that often include the Madara Rider, a UNESCO World Heritage Site, and other national symbols.

Is BGN Pegged to EUR?

Yes, the Bulgarian Lev (BGN) is pegged to the Euro (EUR). The peg is set at a fixed exchange rate of 1.95583 BGN to 1 EUR. This fixed rate has been in place since the redenomination of the lev in 1999, when Bulgaria aligned its currency with the Deutsche Mark, which was subsequently replaced by the Euro.

Will Bulgaria Adopt the Euro as Its Currency?

As of January 2024, Bulgaria is on track to adopt the Euro as its official currency. Having joined the European Union in 2007, the country made a significant step by entering the Exchange Rate Mechanism II (ERM II) in July 2020. This is a crucial stage in the process of adopting the Euro, requiring Bulgaria to maintain economic stability and meet the European Union's convergence criteria. The Bulgarian Lev is currently pegged to the Euro, which is a part of aligning Bulgaria's monetary policy with that of the Eurozone. The exact date when Bulgaria will fully adopt the Euro depends on meeting all the necessary economic requirements and obtaining approval from the European Union's institutions.

Bitget crypto-to-fiat exchange data shows that the most popular Materium currency pair is the MTRM to BGN, with for Materium's currency code being MTRM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BGN.

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How to convert MTRM to BGN

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MTRM to BGN Conversion tables

The exchange rate of Materium is decreasing.
The exchange rate of 1 MTRM to Bulgarian Lev has changed by +84.78% in the last 7 days. In the last 24 hours, the rate has fluctuated by -48.33%, reaching a high of 0.04986 BGN and a low of 0.02348 BGN . One month ago, the value of 1 MTRM was лв0.02543 BGN , which represents a -7.69% change from its current value. Over the last year, Materium has changed by
-лв
0.05490BGN
, resulting in a change of -70.04% in its value.
24 hours ago1 month ago1 year ago
Amount 16:14 today 24 hours ago 24h change
0.5 MTRM
лв0.01174лв0.02272
-48.33%
1 MTRM
лв0.02348лв0.04543
-48.33%
5 MTRM
лв0.1174лв0.2272
-48.33%
10 MTRM
лв0.2348лв0.4543
-48.33%
50 MTRM
лв1.17лв2.27
-48.33%
100 MTRM
лв2.35лв4.54
-48.33%
500 MTRM
лв11.74лв22.72
-48.33%
1000 MTRM
лв23.48лв45.43
-48.33%

MTRM to BGN FAQ

How much is 1 Materium in BGN?
Right now, the price of 1 Materium (MTRM) in Bulgarian Lev (BGN) is лв0.02348.
How much MTRM can I buy for 1 BGN?
Based on the current exchange rate, you can get 42.6 MTRM for 1 BGN.
How do I calculate or convert MTRM to BGN?
You can use our MTRM to BGN calculator at the top of this page to convert any amount of MTRM to BGN. We've also included quick-reference tables for the most popular conversions. For example, 5 BGN is equivalent to 212.98 MTRM, while 5 MTRM will cost around 0.1174BGN.
What is the highest price of MTRM/BGN in history?
The all-time high price of 1 MTRM in BGN is лв1.71. It remains to be seen if the value of 1 MTRM/BGN will exceed the current all-time high.
What is the price trend of Materium in BGN?
Over the past 7 days, the exchange rate of Materium (MTRM) has gone up by 84.78%.   Over the last month, the exchange rate of Materium (MTRM) has gone down by 7.69% against Bulgarian Lev (BGN).

What factors influence the conversion rate of MTRM to BGN?

There are many factors that affect the relationship between Materium and Bulgarian Lev, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MTRM/BGN. When there is positive news in the market about the widespread adoption of MTRM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MTRM/BGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MTRM/BGN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MTRM/BGN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Materium and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Materium currency pairs: MTRM to US Dollar (USD), MTRM to Euro (EUR), MTRM to Pound Sterling (GBP), MTRM to Canadian Dollar (CAD), MTRM to Indian Rupee (INR), MTRM to Pakistani Rupee (PKR), MTRM to Brazilian Real (BRL), MTRM to…
The price of Materium in the US is $0.01395 USD. Additionally, Materium’s price is €0.01201 EUR in the eurozone, £0.01024 GBP in the UK, C$0.01917 CAD in Canada, ₹1.2 INR in India, ₨3.97 PKR in Pakistan, R$0.07750 BRL in Brazil, and more.
The most popular Materium currency pair is the MTRM to Bulgarian Lev(BGN). The price of 1 Materium (MTRM) in Bulgarian Lev (BGN) is лв0.02348.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.