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.

 
 
CountryVenezuela
FlagVenezuela
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

USD

VEF

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

USD

VEF

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.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

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

PeriodVEF/USDDate
1 Day0.00000417 Feb 2020
7 Day0.00000411 Feb 2020
30 Day0.00000419 Jan 2020
3 Month0.00000420 Nov 2019
1 Year0.00000418 Feb 2019
5 Year0.158319 Feb 2015
10 Year0.232620 Feb 2010

Venezuelan bolívar to Euro - Historical Rates

PeriodVEF/EURDate
1 Day0.00000417 Feb 2020
7 Day0.00000411 Feb 2020
30 Day0.00000419 Jan 2020
3 Month0.00000420 Nov 2019
1 Year0.00000418 Feb 2019
5 Year0.139319 Feb 2015
10 Year0.171420 Feb 2010

Venezuelan bolívar to Pound Sterling - 10 Year History

PeriodVEF/GBPDate
1 Day0.00000317 Feb 2020
7 Day0.00000311 Feb 2020
30 Day0.00000319 Jan 2020
3 Month0.00000320 Nov 2019
1 Year0.00000318 Feb 2019
5 Year0.102719 Feb 2015
10 Year0.150720 Feb 2010

Venezuelan bolívar to Australian Dollar - Historical Rates

PeriodVEF/AUDDate
1 Day0.00000617 Feb 2020
7 Day0.00000611 Feb 2020
30 Day0.00000619 Jan 2020
3 Month0.00000620 Nov 2019
1 Year0.00000618 Feb 2019
5 Year0.203219 Feb 2015
10 Year0.259920 Feb 2010

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