The dollar exchange rate in Venezuela is quoted on Tuesday 28 at 25.10 bolivars to the dollar in the parallel market, Dolar Today reports.
Meanwhile, the euro was trading at 23.59 bolivars on the street (exchange office) in Caracas.
Similarly, the exchange rate for the dollar in Cucuta, Colombia, a city close to the Venezuelan border, was 26.85 bolivars.
For its part, the rate of bolivar to sol is 6,256 bolivars, according to the portal. ChangeItalo, at the rate of Banco Banesco. In other banks, the rate is 6059 bolivars.
Monitor dollar exchange rate in Venezuela
Meanwhile, according to the Monitor Dollar portal, it sets the average rate at 24.36 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.
Added 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.
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Source: RPP
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