Is the VEF to GBP Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Venezuelan bolívar against the British pound is to review how the VEF/GBP rate has changed over time.
The table below shows the percentage change in the VEF to GBP exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date | VEF/GBP | Period |
---|
31 Aug 2020 | 0.000003 | 5 Year |
02 Sep 2015 | 0.1034 | 10 Year |
04 Sep 2005 | 0.2526 | 20 Year |
VEF/GBP historic rates
VEF to GBP Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Venezuelan bolívar are worth in British pound across a range of amounts.
This gives a quick view of what you’d get when converting different VEF amounts at today’s rate * :
*Converted at the current VEF-GBP interbank exchange rate.
Calculate actual payout amounts for
Send Money
and
Travel Money
exchange rates.
What is the
best Send Money conversion rate for VEF to GBP?
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Venezuelan bolívar (VEF) to British pound (GBP) rates from different sources before making a conversion.
The above
Bolívar to Sterling comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest VEF-GBP mid-rate and the possible savings of using various providers.
How do VEF-GBP rates compare between providers?
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.
Compare VEF to GBP Transfer Rates