1 Sep 2016 Hanke, The Johns Hopkins University. Note: These annual inflation rates are implied from the the black-market VEF/USD exchange rate. 0. 10. 28 Jan 2015 USD, black market rate (data via dolartoday) – click to enlarge. Venezuela's narrow money supply M1 since 2004, in millions of VEF – click to There’s an extreme difference between the official exchange rate that banks and ATMs will operate on compared to the black market exchange rate — most people use the black market to get better rates. Anyone can bring up to $10,000 USD into Venezuela without having to declare it — that should be enough for your trip. Due to the high rate of inflation in Venezuela over the last few years, there is a high demand in the market for US Dollars (USD). However, official access to US Dollars in Venezuela is limited, which has resulted in a third (unofficial) black market exchange rate valued at around 40,000 VEF/USD (November 2017). It brought the official exchange rate roughly up to par to that of the black market, to 5,200 VES per USD from around USD 4,100 just a few days prior. Despite the adjustment, however, the gap between the two widened in the following days.
10 Aug 2016 The last option is to buy food on the black market, a method that CNN $1,507.58 USD, black market prices are nearly impossible to afford.
31 Jan 2019 In the black market, a dollar costs 2,500 bolivars, according to MonitorDolarVz, compared with 3,295 bolivars at the government rate. The USDVES spot exchange rate specifies how much one currency, the USD, is currently worth in Venezuela Money Supply M1 at 40522951.09 VEF Million. 12 Jan 2020 In a bid to end the insane inflation rates, the government decided to raise the official rate of exchange for USD from 6 bolivars to 150. The Even so, it's commonly referred to as the "Aussie" in forex markets. Currency: Australian Dollar. Currency Symbol: $. Sub unit: cents. Bank notes: 3 Dec 2017 English: The value of one US dollar in Venezuelan bolívares (VEF/VES) on the black market through time, according to DolarToday.com.
VEF to USD currency chart. XE’s free live currency conversion chart for Venezuelan Bolívar to US Dollar allows you to pair exchange rate history for up to 10 years.
Even so, it's commonly referred to as the "Aussie" in forex markets. Currency: Australian Dollar. Currency Symbol: $. Sub unit: cents. Bank notes: 3 Dec 2017 English: The value of one US dollar in Venezuelan bolívares (VEF/VES) on the black market through time, according to DolarToday.com.