No weekend 0,5% fee for BGN Bulgarian Lev due to fixed rate with EUR!

Pegged currencies are not “fixed” rates, and as there is no fixed rate, there is a fluctuation risk. You can always check in the rates. It’s fluctuating all the time.

Typically, with a pegged exchange rate, an initial target exchange rate is set and the actual exchange rate will be allowed to fluctuate in a range around that initial target rate.

A fixed exchange rate system maintains fixed exchange rates between currencies; those rates are referred to as official parity. A nation with fixed exchange rates must enforce those rates.

For instance, a dollar peg is when a country maintains its currency’s value at a fixed exchange rate to the U.S. dollar. The country’s central bank controls the value of its currency so that it rises and falls along with the dollar. The dollar’s value fluctuates because it’s on a floating exchange rate.