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USD to VEF - Compare Exchange Rates

United States Dollar to Venezuelan bolívar - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

USD to VEF interbank exchange rate = 248487.6422

Right now the USD/VEF interbank exchange rate is 248487.6422. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Venezuelan bolívar to United States Dollar.

Looking for VEF travel money? Then it is important to note that the Venezuelan bolívar is a closed currency. Which means that you will not be able to purchase the currency before departure and will need to buy it upon arrival. For more information and a full list of closed currencies read our guide: What is a closed currency?

A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees - Compare Travel Cards

This USD/VEF Converter calculates equivalent United States Dollar to Venezuelan bolívar amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

USD / VEF converter & margin calculator


$USD
BsVEF
Mid-rates:
 

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1 Week USD to VEF
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United States Dollar

Venezuelan bolívar

1 USD 248,487.64 VEF
5 USD 1,242,438.21 VEF
10 USD 2,484,876.42 VEF
20 USD 4,969,752.84 VEF
50 USD 12,424,382.11 VEF
100 USD 24,848,764.22 VEF
250 USD 62,121,910.55 VEF
500 USD 124,243,821.10 VEF
1,000 USD 248,487,642.20 VEF
2,000 USD 496,975,284.40 VEF
5,000 USD 1,242,438,211.00 VEF
10,000 USD 2,484,876,422.00 VEF
50,000 USD 12,424,382,110.00 VEF
100,000 USD 24,848,764,220.00 VEF
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United States Dollar

Venezuelan bolívar

0.0000 USD 1 VEF
0.0000 USD 5 VEF
0.0000 USD 10 VEF
0.0001 USD 20 VEF
0.0002 USD 50 VEF
0.0004 USD 100 VEF
0.0010 USD 250 VEF
0.0020 USD 500 VEF
0.0040 USD 1,000 VEF
0.0080 USD 2,000 VEF
0.0200 USD 5,000 VEF
0.0400 USD 10,000 VEF
0.2000 USD 50,000 VEF
0.4000 USD 100,000 VEF
See more

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United States Dollar to Venezuelan bolívar (USD-VEF) - 10 Year History

The below table shows the historic variation in the USD/VEF exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.

DateExchange RatePeriodChange
20 Apr 2019248487.6422Latest
13 Apr 2019248487.64221 Week0%
21 Mar 2019248487.64221 Month0%
22 Oct 2018248471.70896 Months+0.01%
20 Apr 201859425.00001 Year+318.15%
20 Apr 201710.14652 Years+2448898.59%
21 Apr 20146.29315 Years+3948472.92%
22 Apr 20092.147310 Years+11571997.15%

Why can't I just get the USD/VEF market rate I see on Google or in the Media?

The USD/VEF mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / VEF was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market USD/VEF midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good USD to VEF exchange rate

  1. Know the latest USD/VEF market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for United States Dollar and Venezuelan bolívar

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the USD vs VEF, you should pay attention to both United States Dollar and Venezuelan bolívar news and forecasts.

United States Dollar (USD) - Market news and forecasts

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Venezuelan bolívar (VEF) - Market news and forecasts

No recent Venezuelan bolívar market updates.