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Exchange rates for the US dollar in the Bolivarian Republic of Venezuela / USD 1 = VES ... (selling)

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  1. Exchange rates, euro foreign exchange reference rates, gold prices
  2. Exchange rates in individual countries
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  4. USD US dollar
  5. VES Bolívar (Venezuela, Bolivarian Republic of)
CSV SDMX-ML 2.0 SDMX-ML 2.1
Time series key BBEX3.M.VES.USD.CA.AB.A01
Unit VES
Dimension one
Timespan from 2018-08 to 2024-03
Last update 05.04.2024 01:06:39 PM
   
General With effect from 20 August 2018, a currency changeover took place at the ratio of 100,000 bolívar (VEF) = 1 bolívar soberano (VES). Exchange rates until July 2018, see BBEX3:M:VEF:USD:CA:AB:B09. With effect from 1 October 2021, another currency changeover took place at the ratio of 1,000,000 (old) bolívar (VES) = 1 (new) bolívar (VES). In addition, on 1 October a new ISO currency code - VED - was introduced alongside the existing VES code. This code is only for internal purposes, however, and is not intended to replace VES as the official currency code. It is understood that there is a considerably different, black market rate alongside the official, published exchange rate.
Source Banco Central de Venezuela, Caracas
   
Comment on 2021-10 With effect from 1 October 2021, a currency changeover took place at the ratio of 1,000,000 (old) bolívar (VES) = 1 (new) bolívar (VES).
Comment on 2019-04 In April 2019, the exchange rates were adjusted more sharply. Calculated using the exchange rates as at the end of March and April 2019, the bolívar soberano has experienced a devaluation of 36.7% against the US dollar.
Comment on 2019-01 The exchange rates were adjusted more sharply during January 2019. Calculated using the exchange rates as at the end of December 2018 and January 2019, the bolívar soberano experienced a devaluation of 80.7% against the US dollar.
Comment on 2018-12 The exchange rates were adjusted more sharply during December 2018. Calculated using the exchange rates as at the end of Novemberr and December 2018, the bolívar soberano experienced a devaluation of 76.2% against the US dollar.
Comment on 2018-11 The exchange rates were adjusted more sharply during November 2018. Calculated using the exchange rates as at the end of October and November 2018, the bolívar soberano experienced a devaluation of 57.3% against the US dollar.
Comment on 2018-08 As part of the currency changeover on 20 August 2018, the bolívar soberano was devalued. We recorded the following exchange rates (buying/selling): 17 August 2018: USD 1 = VEF 248,209.92 / 248,832.00 20 August 2018: USD 1 = VES 59.85 / 60.00 Calculated using these exchange rates and taking into consideration the conversion rate (100,000 : 1), the bolívar soberano experienced a devaluation of 95.9% against the US dollar.
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