Venezuela - Venezuelan bolívar - Currency Guide

This is a currency guide to Venezuela, the Venezuelan bolívar currency plus sending (VEF) transfers and travel tips for Venezuela.

Country CodeVE
Domestic Currency Venezuelan bolívar
Currency SymbolBs
Currency CodeVEF
Exchange RateUSD/VEF = 248487.6
Telephone Prefix+58

Quick Conversions from US Dollar to Venezuelan bolívar



U$ 1
Bs 248,488
U$ 5
Bs 1,242,438
U$ 10
Bs 2,484,876
U$ 20
Bs 4,969,752
U$ 50
Bs 12,424,380
U$ 100
Bs 24,848,760
U$ 250
Bs 62,121,900
U$ 500
Bs 124,243,800
U$ 1,000
Bs 248,487,600
U$ 2,000
Bs 496,975,200
U$ 5,000
Bs 1,242,438,000
U$ 10,000
Bs 2,484,876,000
U$ 50,000
Bs 12,424,380,000
U$ 100,000
Bs 24,848,760,000
More amounts



U$ 0.0000
Bs 1
U$ 0.0000
Bs 5
U$ 0.0000
Bs 10
U$ 0.0001
Bs 20
U$ 0.0002
Bs 50
U$ 0.0004
Bs 100
U$ 0.0010
Bs 250
U$ 0.0020
Bs 500
U$ 0.0040
Bs 1,000
U$ 0.0080
Bs 2,000
U$ 0.0200
Bs 5,000
U$ 0.0400
Bs 10,000
U$ 0.2000
Bs 50,000
U$ 0.4000
Bs 100,000
More amounts

To calculate specific USD/VEF amounts use our Convert USD to VEF quick calculator.

Venezuela Currency Info

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.

How much is U$100 US Dollars in Venezuelan bolívar?

U$ 100 converts to Bs 24,848,760

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?

Venezuelan bolívar (VEF) in the markets

The interactive chart below shows the USD to VEF exchange rate and trend for the previous 3 months:

USD to VEF was steady at the 90-day average 248487.64. There are no current rate alerts.

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.


Venezuela Trip Checklist    

  1. Search Hotel deals - Save on your accomodation in Venezuela
  2. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Venezuela

When searching around for information on how to get a good exchange rate when sending money to Venezuela you need to start with finding out the latest Venezuelan bolívar foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).

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 our 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!


Bank Transfers to Venezuela

Compare Transfer Rates

Venezuelan bolívar to US Dollar - Historical Rates

1 Day0.00000430 Mar 2020
7 Day0.00000424 Mar 2020
30 Day0.00000401 Mar 2020
3 Month0.00000401 Jan 2020
1 Year0.00000401 Apr 2019
5 Year0.158302 Apr 2015
10 Year0.232603 Apr 2010

Venezuelan bolívar to Euro - Historical Rates

1 Day0.00000430 Mar 2020
7 Day0.00000424 Mar 2020
30 Day0.00000401 Mar 2020
3 Month0.00000401 Jan 2020
1 Year0.00000401 Apr 2019
5 Year0.145502 Apr 2015
10 Year0.171903 Apr 2010

Venezuelan bolívar to Pound Sterling - 10 Year History

1 Day0.00000330 Mar 2020
7 Day0.00000324 Mar 2020
30 Day0.00000301 Mar 2020
3 Month0.00000301 Jan 2020
1 Year0.00000301 Apr 2019
5 Year0.106702 Apr 2015
10 Year0.152403 Apr 2010

Venezuelan bolívar to Australian Dollar - Historical Rates

1 Day0.00000730 Mar 2020
7 Day0.00000724 Mar 2020
30 Day0.00000601 Mar 2020
3 Month0.00000601 Jan 2020
1 Year0.00000601 Apr 2019
5 Year0.208602 Apr 2015
10 Year0.253103 Apr 2010

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