Bulgaria

Bulgaria

Foreign exchange

ING Bank Sofia is a major provider of FX product and services on the Bulgarian market.

Products:

  • FX Spot (and pre-spot) transactions. Major currencies against BGN and crosses. Click here to see product description of FX spot transaction.
  • FX Forward Transactions. Major currencies against BGN and crosses. Tenors up to 1 year. Click here to see product description of FX forward and other MIFID type of transactions.

Bulgarian FX market:

  • Major volumes in EUR/BGN and USD/BGN
  • Daily turnover around EUR 200m
  • Average transaction EUR 2m
  • Big ticket > EUR 5m

FX Regulations

  • BGN is fixed to EUR at EUR1=BGN 1.95583
  • BGN is internally fully convertible, there is limited capital account convertibility.
  • Central Bank provides unlimited liquidity at its EUR/BGN fixed rate which equals EUR/BGN 1.95583

For more information, please call ING Bank Sofia.

 Contact:

ING Bank Sofia
Phone: +359 2 917 6714
   
E-mail: ing.infobg@ingbank.com