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Venezuela - Venezuelan bolívar - Currency Guide

 

Foreign exchange guide to Venezuela and the Venezuelan bolívar (VEF)

   

USD/VEF Trend (90-day)

USDVEF is steady at its 90-DAY average NaN.
🔔 USDVEF is at 60-DAY HIGHS.
|
Alert:60-DAY HIGHS |
 
Recent USD to VEF Trend + Alerts

The above interactive chart shows the USD/VEF Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW

   

VEF News, Forecasts and Trends

US Dollar to Venezuelan bolívar - Historical Rates

USD/VEFPeriod
248487.64
08 Dec 2020
90 Days
248487.64
08 Mar 2020
1 Year
6.3170
09 Mar 2016
5 Years
4.2947
11 Mar 2011
10 Years

USD/VEF 10 year historic rates

 

$10,000 USD
=
Bs2,484,876,422 VEF

Converted at USD/VEF interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to Venezuelan bolívar - Quick Convert

USD VEF
$ 1 Bs 248,488
$ 5 Bs 1,242,438
$ 10 Bs 2,484,876
$ 20 Bs 4,969,752
$ 50 Bs 12,424,380
$ 100 Bs 24,848,760
$ 250 Bs 62,121,900
$ 500 Bs 124,243,800
$ 1,000 Bs 248,487,600
$ 2,000 Bs 496,975,200
$ 5,000 Bs 1,242,438,000
$ 10,000 Bs 2,484,876,000
$ 50,000 Bs 12,424,380,000
$ 100,000 Bs 24,848,760,000
More amounts
USD VEF
$ 0.0000 Bs 1
$ 0.0000 Bs 5
$ 0.0000 Bs 10
$ 0.0001 Bs 20
$ 0.0002 Bs 50
$ 0.0004 Bs 100
$ 0.0010 Bs 250
$ 0.0020 Bs 500
$ 0.0040 Bs 1,000
$ 0.0080 Bs 2,000
$ 0.0200 Bs 5,000
$ 0.0400 Bs 10,000
$ 0.2000 Bs 50,000
$ 0.4000 Bs 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Venezuela?

The domestic currency in Venezuela is the Venezuelan bolívar.

What is the Venezuelan bolívar currency code and symbol?

The three letter currency code for the Venezuelan bolívar is VEF — symbol is Bs.

Which countries use the Venezuelan bolívar?

It is the domestic currency in    Venezuela.

Is the Venezuelan bolívar a closed currency?

Yes the Venezuelan bolívar is a closed currency. Which means that you may find it difficult to purchase the currency (VEF) before departure and will probably need to buy it upon arrival. If you do manage to buy some of the currency or have some left over from a previous trip, make sure you are aware if you are allowed to bring this closed currency into the country.

For more information and a full list of closed currencies please refer to our guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Venezuela

The Bolivarian countries are six Hispanic American countries (Bolivia, Colombia,Ecuador, Panama, Peru and Venezuela) whose republican origin is attributed to the ideals of Simón Bolívar and independence war led by the Venezuelan military in the viceroyalties of New Granada and Peru.

The currency is the Bolivars. Debit and credit cards are widely used in Venezuela and have the advantage of removing the need to carry large amounts of cash. However, international credit cards aren't always accepted by point of sale machines and you'll have to enter your passport number. ATMs have extremely low limits for cash withdrawals on international cards and queues at ATMs are frequently targeted by criminals. You shouldn't rely on ATMs as your main way to access money in Venezuela. Use official currency exchange booths only, which should change money at the higher of the two official rates (DICOM). It’s illegal to change money on the black market. There are no facilities for visitors to change bolivares to US dollars, or any other currency, when leaving Venezuela.

Due to ongoing crime, unrest and instability throughout Venezuela the Foreign and Commonwealth Office (FCO) further advises against all but essential travel to most areas of the country. Regular large political demonstrations in Caracas have led to arrests, injuries and deaths throughout 2017. If you''re in Venezuela, you should remain vigilant and informed, avoid protests and demonstrations – which can turn violent with little warning – and keep your departure options under review.

 

Travel money for Venezuela

As mentioned above, the Venezuelan bolívar is a closed currency. Which means that you may find it difficult (or be permitted) to purchase the currency (VEF) before departure and will need to buy it upon arrival in Venezuela.

For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the VEF you will incur currency conversion or foreign transaction fees if you use a travel money card in Venezuela.

However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.

 

Send Money to Venezuela - Best Rates

To get a good (and fair) exchange rate when sending money to Venezuela 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 Venezuela

When sending money to Venezuela 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 :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Venezuelan bolívar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted VEF amount will be transfered to the recipient account you specify in Venezuela.

Use the above Send to Venezuelan bolívar 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 Venezuelan bolívar deposited into the recipient bank account and less margins and fees kept by the banks!


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