2007-02-27 05:14:16 · 6 answers · asked by jurajhajek 1 in Travel ➔ Latin America ➔ Venezuela
The exchange rate today is about 2147.3 bolivars. Exchange rates depend on where you get your money exchanged...you should go to an official center at the Venezuelan aiport to get your money exchanged. Some people will offer to exchange the money with you at a much higher rate than the government's but doing this is illegal in Venezuela.
2007-02-27 08:33:12 · answer #1 · answered by hacerfalta 1 · 0⤊ 1⤋
Hi!
The official rate is 2145 Bs. per US Dollar. This is a government fixed rate -and has been for several years- and it does not change daily.
Venezuela is now under a strict exchange control. What does this mean? It is illegal to buy dollars (or any foreign currency) outside of the conditions imposed by the government.
This is why:
1. If you are buying BolÃvares, you can either exchange your dollars are official exchange institutions and banks at the official rate.
2. If you are buying dollars using BolÃvares you can't do it outside of the regulations imposed by the government.
This second thing means:
- Venezuelans can only buy dollars if they are hoing to travel, if they have someone overseas that need foreign currency, if the have to import foreign merchandise, etc. For each of this cases Venezuelans have to fill a forma and submit it to a government agency that either aproves the dollars or rejects the petition.
For travel purposes, each Venezuelan has -by law- a maximun of 4000$ he/she can spend overseas per-year (by credit card), a top $500 the can get in cash for travel, a maximum of $1500 the can spend online (internet transactions).
Fun, huh? (read with IRONY, please).
If you are trading US Dollars or any foreign currency for VEN BolÃvares, you can do it at the airport for the official rate... OR... you can sell them in an illegal "black market" - meaning, to people willing to pay a little bit more to get foreign currency. This people would pay between Bs. 3500 and Bs. 4000 per dollar.
Now, the thing is to find them, 'cause this is -as of right now- and illegal practice.
Yep... I extended my answer a bit. Sorry!
It's just not easy to give an exchange rate in a non-free economy Country.
Goodluck!
2007-02-27 22:00:17 · answer #2 · answered by justasking 5 · 0⤊ 1⤋
Do not exchange dollars at the bank. Any Venezuelan will know soeone that would like to buy dollars. I lived there for a year and never had a problem exchanging through a friend of a friend. remeber that those poor people can not get dollars. It is illegal to buy dollars there, unless you are a bank.
Screw Chavez..
2007-03-03 00:59:39 · answer #3 · answered by umoalumni94 1 · 0⤊ 0⤋
the ones that chavez regulates and sells are 2150 bolivares for each dollar... the one in the black market are around 4000 bolivares for each dollar
2007-02-28 11:28:33 · answer #4 · answered by Adriana 5 · 0⤊ 0⤋
I'm not sure, because I haven't checked today's exchange rate.
By the way, I understand they are going to change the name from Bolivars to Hugos.
2007-02-27 13:18:36 · answer #5 · answered by Anonymous · 0⤊ 1⤋
The Official value is 2,150 BolÃvares per 1 dollar right now.
2007-02-27 16:32:57 · answer #6 · answered by Fenix Girl 2 · 1⤊ 0⤋