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dollar exchange rate Venezuela It traded this Saturday at 6.30 bolivars to the dollar on the parallel market, according to Dolar Today.
Meanwhile, the euro was quoted at 7.12 bolivars on the street (exchange offices) in Caracas.
Similarly, the exchange rate for the dollar in Cucuta, Colombia, a city close to the border with Venezuela, was 7.08 bolivars.
For its part, the rate of bolivar to sol is 1735 bolivars, according to the portal ChangeItalo, at the rate of Banco Banesco. In other banks, the rate is 1712 bolivars.
Monitor dollar exchange rate in Venezuela
Meanwhile, according to the Dollar Monitor portal, it sets the average exchange rate at 6.09 bolivars.
central bank Venezuela (BCV) controls the exchange rate of the Venezuelan currency. The DolarToday index corresponds to the average value of private transactions in the city of Dolar. Caracasthe cost of Cucuta is determined based on the supply / demand of Bolivares in this city.
The devaluation caused a loss in the value of the bolivar in the midst of a deep economic crisis that the South American country is experiencing, including due to a significant decrease in the price of oil on the international market.
Adding to this problem is inflation, which, according to International Monetary Fund (IMF) estimates, rose to 10,000,000% at the end of 2019. The economy has halved since 2013.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.