He has about $3,000 in his register on any given day. Hairstylists and window washers quote their prices in dollars. “The government has turned a blind eye to this,” says Gómez, the store owner. View Data View historical exchange rates for the Venezuelan Bolivar against the US Dollar in a tabular format. The graph below shows historical exchange rates between the Venezuelan Bolivar (VES) and the US Dollar (USD) between 7/1/2020 and 7/31/2020View 30 days of exchange rate history for the Venezuelan Bolivar against the US Dollar.View 90 days of exchange rate history for the Venezuelan Bolivar against the US Dollar.View 180 days of exchange rate history for the Venezuelan Bolivar against the US Dollar.View average monthly exchange rate history for the Venezuelan Bolivar against the US Dollar.The graph currently shows historical exchange rates for Venezuelan Bolivars per 1 US Dollar. Invert the graph to see US Dollars per 1 Venezuelan Bolivar.
Invert the graph to see US Dollars per 1 Venezuelan Bolivar.View historical exchange rates for the Venezuelan Bolivar against the US Dollar in a tabular format.The graph above displays historical exchange rates between the Venezuelan Bolivar and the US Dollar.
dollars are everywhere in Venezuela, and suddenly that’s a problem.The greenback is steadily gaining currency in this inflation-wracked country, where a single dollar buys about 60,000 bolívares on the black market. That would go a long way toward ending hyperinflation and restoring incentives to save and invest.For now, though, the dollar remains in a dangerous gray area: heralded by the president, yet mostly outside the rule of law. “You have to wonder how many people right now have money stacked inside their homes like Pablo Escobar.”The collapse of the bolívar, which shed 99% of its value against the dollar in 2019, mirrors that of the Venezuelan economy, which has endured 21 consecutive quarters of decline. Migrants fleeing Venezuela sell art made from nearly worthless Venezuelan currency. “If I hadn’t had dollars, they would have never given it back,” Gutierrez says. Its value plummeting against the US dollar, the currency's highest denomination banknote, the 10,000 leone bill, is worth just $1.34 (£1.03).
He pays suppliers in dollars and takes his profits home at the end of the day.
“Now we’re living with ropes around our necks, like fugitives.” —Selling fruit at a market in the El Valle neighborhood of Caracas.Venezuela’s Latest Problem Is There Are Now Too Many Dollars If you would like to graph historical exchange rates between the US Dollar and another currency, please select a currency from the list below:
“We’ve turned back to the 1920s, to keeping cash under our mattresses,” he says.Banks in Venezuela can’t offer dollar checking or savings accounts. This Free Currency Exchange Rates Calculator helps you convert Venezuelan Bolivar to US Dollar from any amount.