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🇧🇬 BGN / 🇮🇱 ILS ✓ Official Mid-Market Rate (0% Markup) Independent Analysis

BGN to ILS Exchange Rate & Bank Wire Fee Comparison (2026)

Convert Bulgarian Lev (BGN) to Israeli Shekel (ILS). The live interbank midpoint rate is 1 BGN = 2.0658 ILS. Compare hidden currency conversion spreads across major international wire systems.

Live Converter

BGN to ILS Real-Time Calculator

Sourced via Central Bank Interbank Feeds
Quick amounts
лв
→
₪
2,065.82
Official benchmark rate (0% markup applied)
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Historical Benchmarks

BGN to ILS Historical Exchange Rates

Official central bank reference rates across 30-day, quarterly, and annual lookbacks.

Official Reference Feeds
Period Interbank Midpoint Yield on лв1,000 Trend / Variance
Today (Interbank Midpoint) 1 BGN = 2.0658 ILS ₪2,065.82 Current Live Rate
30 Days Ago 1 BGN = 2.0576 ILS ₪2,057.56 +0.4% (Higher)
90 Days Ago (Quarterly) 1 BGN = 2.0906 ILS ₪2,090.61 -1.2% (Lower)
180 Days Ago (Half-Year) 1 BGN = 2.0224 ILS ₪2,022.44 +2.1% (Higher)
1 Year Ago (52W Midpoint) 1 BGN = 2.0658 ILS ₪2,065.82 +0.0% vs Annual Baseline
Settlement Timeline

BGN to ILS Delivery & Settlement Windows

Estimated delivery windows based on standard clearing rails and banking cut-off schedules.

Target System: Zahav RTGS / Masav / IBAN
Direct Domestic Rail 0 - 2 Hours

Local Automated Clearing

Transfers settling through local domestic rails (Zahav RTGS / Masav / IBAN) typically clear within hours during standard operating windows.

Weekend Processing: Active on 24/7 Rails
Retail SWIFT Wire 1 - 3 Business Days

Correspondent Banking

Traditional commercial banks route through intermediary correspondent networks, adding clearing stops and compliance verifications.

Standard Cut-off: 15:00 Local Bank Time
Banking Calendar Standard Schedule

Cut-off & Holiday Factors

Wires sent after Friday 15:00 local time or during official bank holidays in either origin or destination will hold until Monday morning.

Holiday Settlement: Next Business Day
⚠️

Important Clearing Disclaimer: Settlement timeframes are estimates based on standard bank operating windows and domestic clearing rail architectures (Zahav RTGS / Masav / IBAN). Actual arrival is subject to originating bank cut-off deadlines, correspondent intermediary verification checkpoints, and international AML/KYC screening. Not a contractual arrival guarantee.

Institutional Market Windows

Global FX Market Trading Sessions & Real-Time Liquidity Clock

Live status of the four major international interbank wholesale currency dealing desks (UTC standard).

00:00:00 UTC
🇦🇺 Sydney Session
CLOSED
Wholesale Hours: 21:00 - 06:00 UTC
Pacific Clearing Window
🇯🇵 Tokyo Session
CLOSED
Wholesale Hours: 00:00 - 09:00 UTC
Asian Core Hub (21% Vol)
🇬🇧 London Session
CLOSED
Wholesale Hours: 08:00 - 17:00 UTC
European Core Hub (38% Vol)
🇺🇸 New York Session
CLOSED
Wholesale Hours: 13:00 - 22:00 UTC
Americas Core Hub (19% Vol)
🧭 Current Market Liquidity Status: Calculating...
Optimal execution: During London & NY overlap (13:00 - 17:00 UTC)

ℹ️ Market Operational Notice: Institutional trading sessions reflect international wholesale dealing hours. Retail bank wire transfers execute according to the sending and receiving commercial banks local business day cut-off calendars. For educational and liquidity timing analysis only.

Transfer Preparation

Required Details to Wire BGN to ILS

Make sure you have these exact payment credentials before initiating your transfer.

1. Recipient Identity

Beneficiary Full Name

Exact match as registered on recipient bank account.

2. Account Identifier

Zahav RTGS / Masav / IBAN

IBAN, Account Number, or local domestic routing code.

3. Bank Code

SWIFT / BIC Code

8 or 11 character identifier of the recipient's bank branch.

4. Transfer Purpose

Payment Reference

Invoice number or descriptive reference for AML compliance.

Macroeconomic Analysis

BGN vs ILS: Central Bank Policy & Inflation Matrix

Official interest rate benchmarks and consumer price index (CPI) differentials shaping cross-border value.

Official Macro Indicators
🇧🇬

Bulgarian Lev (BGN)

Bulgarian National Bank (BNB)

Policy Rate

3.75%

Benchmark rate
Annual CPI Inflation

2.1%

Consumer prices
Estimated Real Yield (Rate - Inflation): +1.6%
🇮🇱

Israeli Shekel (ILS)

Bank of Israel

Policy Rate

4.5%

Benchmark rate
Annual CPI Inflation

3.5%

Consumer prices
Estimated Real Yield (Rate - Inflation): +1.0%
Policy Rate Differential: 0.75% (BGN vs ILS)
Inflation Differential: 1.40% (Annual CPI spread)
ℹ️

Macroeconomic Policy Notice: Central bank interest rates and CPI metrics are compiled from public statistical releases (Bulgarian National Bank (BNB), Bank of Israel) for macroeconomic educational context. They do not constitute retail banking deposit guarantees or investment advice. WireCompare does not provide portfolio management or trading services.

Macroeconomic Valuation

BGN to ILS: Purchasing Power Parity (PPP) & Inflation Simulator

Simulate real consumer purchasing power erosion across cumulative central bank CPI inflation lookbacks.

1. Origin CPI Erosion +25.8%

To match the domestic purchasing power of лв1,000 from 2020, you need:

Adjusted Domestic Principal

лв1,258.26 BGN

Based on cumulative Bulgarian National Bank (BNB) CPI figures.

2. Nominal Spot Payout Current Interbank

Converting that baseline principal today at current interbank spot (1 BGN = 2.0658 ILS) yields:

Nominal Spot Converted

₪2,065.82 ILS

Without real purchasing power adjustment.

3. Real PPP Equivalent +23.4% Target CPI

True purchasing power parity target in ILS to preserve original basket consumption:

Real PPP Target Value

₪2,598.80 ILS

Reflects bilateral real exchange rate parity.

Purchasing Power Parity Alignment Gauge: Calculated Parity

Relative inflation differential between BGN and ILS indicates historical purchasing power trajectory.

⚖️ Purchasing Power Parity (PPP) & Inflation Notice: Real purchasing power calculations are modeled from national Consumer Price Index (CPI) datasets published by official statistical bodies and IMF World Economic Outlook benchmarks. Compound inflation adjustments reflect representative consumer basket indices and do not guarantee specific commodity, asset, or real estate values. Provided strictly for educational and macroeconomic comparative analysis.

Interactive Trend Analysis

BGN to ILS Historical Exchange Rate Chart

Real-time interbank rate trajectory across standard historical observation periods.

Period Low

--

Period High

--

Period Average

--

Current Spot

₪2.0658

⚖️ Historical Data Disclaimer: Historical exchange rate trajectory is synthesized from official central bank reference fixes and interbank mid-market fixes. Past foreign exchange movements do not predict future trends. For informational, educational, and analytical benchmarking purposes only.

Corridor Volatility & Trend

52-Week Exchange Rate Position

Liquidity Status: High & Stable
52W Low: ₪1.9832 Current: ₪2.0658 52W High: ₪2.1485
Lower bound Current rate sits at 50.0% of annual range Upper bound
Independent Market Analysis

Compare Wire Transfer Costs: BGN to ILS

Estimates based on standard retail bank margins vs direct interbank rail settling.

Zero Promotional Bias
лв1,000 BGN
лв250 лв5,000 лв10,000 лв20,000
Benchmark

Direct Midpoint Rail

0.0% Rate Markup (Interbank)

Rail Fee:лв4.50
Rate:2.0658
Clearing:Instant / Same Day
Recipient Receives

₪2,065.82

Maximum Yield

Optimal Benchmark Rail
Retail SWIFT

Commercial Banks

~3.2% Hidden FX Margin

SWIFT Fee:лв25.00
Bank Rate:1.9997
Speed:2-4 Business Days
Recipient Receives

₪872.53

-Lost to Hidden Margin

High Intermediary Margin
Consumer Wallet

Global Wallets

3.5% Currency Spread

Tx Fee:лв4.99
Rate:1.9935
Speed:Instant (Closed Wallet)
Recipient Receives

₪887.41

Closed loop balance

Convenient but Marked Up
Cash Agent

Cash Remittance

Retail Spread + Cash Fee

Counter Fee:лв8.00
Rate:2.0162
Speed:Physical Counter / 1 Day
Recipient Receives

₪896.12

Physical cash pickup

Agent Network Fee
Transparent Cost Breakdown

Traditional Bank Wire Cost Itemization (BGN to ILS)

See how retail banks charge upfront wire fees, SWIFT intermediary deductions, and currency markup.

Based on G20 Remittance Pricing Metrics
Transfer Principal: лв1,000.00 BGN
1. Originating Bank Upfront Wire Fee

Fixed outgoing international wire tariff charged by retail banks.

лв25.00
2. SWIFT Intermediary / Correspondent Bank Fee

Charged by routing banks under standard SWIFT SHA/BEN clearing rules.

лв20.00
3. Retail Exchange Rate Margin (Hidden Spread)

Typical 2.8% markup added on top of the interbank midpoint.

лв28.00
Total Traditional Bank Friction: -лв73.00
Recipient Receives via Commercial Bank: ₪883.60
Transparent Direct Rail 0% Rate Markup
Direct Domestic Clearing Fee: лв4.50
Intermediary Correspondent Deductions: лв0.00 (Bypassed)
Currency Exchange Markup: 0.00% (Interbank Spot)
Recipient Receives: ₪2,056.52
Estimated Direct Advantage: +₪1,172.92

🔒 Benchmarking Methodology & Regulatory Notice: The simulated fee itemization reflects empirical retail banking wire pricing standards reported under the G20 Financial Stability Board cross-border payment targets and World Bank Remittance Prices Worldwide dataset. SWIFT correspondent deductions depend on whether the transfer is initiated as OUR, SHA, or BEN, and intermediary routing hops. WireCompare is an independent analytical benchmark engine, not a regulated bank.

Lookup Tables

BGN to ILS Fast Conversion Matrix

Direct interbank rate values compared against typical commercial bank payouts.

🇧🇬 BGN to 🇮🇱 ILS

1 BGN = 2.0658 ILS
Amount Mid-Market Rate Bank Payout Hidden Spread
лв1 BGN ₪2.07 ILS ₪0.00 -₪40.06
лв5 BGN ₪10.33 ILS ₪0.00 -₪40.32
лв10 BGN ₪20.66 ILS ₪0.00 -₪40.66
лв25 BGN ₪51.65 ILS ₪10.00 -₪41.65
лв50 BGN ₪103.29 ILS ₪59.99 -₪43.30
лв100 BGN ₪206.58 ILS ₪159.98 -₪46.60
лв250 BGN ₪516.45 ILS ₪459.93 -₪56.52
лв500 BGN ₪1,032.91 ILS ₪959.86 -₪73.05
лв1,000 BGN ₪2,065.82 ILS ₪1,959.72 -₪106.10
лв5,000 BGN ₪10,329.09 ILS ₪9,958.57 -₪370.53
лв10,000 BGN ₪20,658.19 ILS ₪19,957.13 -₪701.06

🇮🇱 ILS to 🇧🇬 BGN (Reverse)

1 ILS = 0.4841 BGN
Amount Mid-Market Rate Bank Payout Hidden Spread
₪1 ILS лв0.48 BGN лв0.00 -лв9.39
₪5 ILS лв2.42 BGN лв0.00 -лв9.45
₪10 ILS лв4.84 BGN лв0.00 -лв9.53
₪25 ILS лв12.10 BGN лв2.34 -лв9.76
₪50 ILS лв24.20 BGN лв14.06 -лв10.15
₪100 ILS лв48.41 BGN лв37.49 -лв10.92
₪250 ILS лв121.02 BGN лв107.77 -лв13.24
₪500 ILS лв242.03 BGN лв224.92 -лв17.12
₪1,000 ILS лв484.07 BGN лв459.21 -лв24.86
₪5,000 ILS лв2,420.35 BGN лв2,333.53 -лв86.82
₪10,000 ILS лв4,840.70 BGN лв4,676.43 -лв164.27
Mid-Market Rate

2.0658

1 BGN = ₪2.0658

Inverse Rate

0.4841

1 ILS = лв0.4841

52-Week Range

1.9832 - 2.1485

Annual volatility band

Target Bank System

Zahav RTGS / Masav / IBAN

Clearing rail for ILS

Knowledge Base

Frequently Asked Questions (BGN to ILS)

Click any question to expand
Q What is the current exchange rate for BGN to ILS?
As of 2026, the real mid-market interbank rate is 1 BGN = 2.065819 ILS. This is the true benchmark rate with zero hidden bank markup.
Q How much does a bank charge to send BGN to ILS?
Most traditional high-street banks charge a front-end wire fee of around лв25 plus a 2.5% to 4% hidden exchange rate markup. On a лв1,000 transfer, you typically lose around ₪106.80 compared to specialized neobanks like Wise.
Q What bank codes are needed to send ILS to Israel?
To receive ILS in Israel, the recipient typically needs to provide their Zahav RTGS / Masav / IBAN.
Q How fast does an international transfer take between BGN and ILS?
Using modern digital payment networks (like Wise or local fast rails), transfers often arrive within minutes or hours. Traditional SWIFT bank wires take 2 to 4 business days.

Related Corridors From BGN

View Reverse: ILS to BGN →