US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

Venezuelan Bolívar

Venezuelan Bolívar

The bolívar soberano (sign: Bs.S. or Bs.; plural: bolívares soberanos; ISO 4217 code: VES) is the main currency of Venezuela since 20 August 2018. Since that date, it has been due to replace the bolívar fuerte (strong bolívar, sign: Bs.F., ISO 4217 code: VEF) after a transition period. The primary reason for replacement, at a rate of 1 Bs.S. to 100,000 Bs.F, was hyperinflation. On 1 January 2008, the bolívar fuerte had itself replaced, because of inflation, the original bolívar introduced in 1879 (sign: Bs.;; ISO 4217 code: VEB). It did so at a rate of 1 Bs.F. to 1000 Bs.

1 US Dollar to Venezuelan Bolívar exchange rates chart

1 US Dollar to Venezuelan Bolívar exchange rates graph
1 USD to VEF exchange rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 US Dollar to Venezuelan Bolívar exchange rates FAQs

What is 1 USD to VEF?

The meaning of 1 USD to VEF is to exchange 1 US Dollar to Venezuelan Bolívar by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. Forex.gg is offering inter-market exchange rates to convert 1 USD to VEF on the chart below.

Who can exchange 1 USD to VEF?

Anyone with 1 US Dollar can find a local bank or a bureau de change to convert into US Dollar. However, if neither USD nor VEF is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why Forex.gg is offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 1 USD to VEF?

Due to the nature of the forex market, the exchange rates for 1 USD to VEF is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 1 USD to VEF?

Most likely you are traveling and want to get some Venezuelan Bolívar cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 1 US Dollar to Venezuelan Bolívar. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 1 USD to VEF?

Usually you can find a local bank, post office or bureau de change to exchange 1 USD to VEF. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why Forex.gg is doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of Venezuelan Bolívar you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to exchange 1 USD to VEF?

Use the tool we provided here to find the best exchange rates for 1 US Dollar to Venezuelan Bolívar. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 1 USD in hand and exchange the cash you want in store or online. It's just that simple with no fees or commissions from Forex.gg!

1 US Dollar to Venezuelan Bolívar exchange rates table

Exchange USD to VEF
1 US Dollar = 9.988 Venezuelan Bolívar
2 US Dollar = 19.975 Venezuelan Bolívar
5 US Dollar = 49.938 Venezuelan Bolívar
10 US Dollar = 99.875 Venezuelan Bolívar
Exchange US Dollar to Venezuelan Bolívar
1 US Dollar to Venezuelan Bolívar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 US Dollar to Venezuelan Bolívar news tweets

1 USD to VEF added 1 tweet
2019-08-25 01:15:22 UTC
RT @RichardHaass: Yes, we are some ways from a post-dollar dominated world, but we are heading in that direction given… https://t.co/cQ73V8zted
1 USD to VEF added 1 tweet
2019-08-25 01:15:13 UTC
RT @wedonopeneyes: Trump says US doesn’t need China. 85% of Walmart- Made in China 70% of Target- Made in China 100% of Dollar Tree-M… https://t.co/tfl8oLF6j2
1 USD to VEF added 1 tweet
2019-08-25 01:15:01 UTC
@m_tahirqasim Tab dollar 105rs, ab 158rs...Bhai mein yeh nae kehraha ke bilkul sahi kaha tha tab unho ne...bas fact… https://t.co/VJkpP0WLjq
1 USD to VEF added 1 tweet
2019-08-25 01:14:40 UTC
RT @wedonopeneyes: Trump says US doesn’t need China. 85% of Walmart- Made in China 70% of Target- Made in China 100% of Dollar Tree-M… https://t.co/tfl8oLF6j2
1 USD to VEF added 1 tweet
2019-08-25 01:14:34 UTC
RT @wedonopeneyes: Trump says US doesn’t need China. 85% of Walmart- Made in China 70% of Target- Made in China 100% of Dollar Tree-M… https://t.co/tfl8oLF6j2
1 USD to VEF added 1 tweet
2019-08-21 17:54:02 UTC
RT @EmbaVEStVincent: The Venezuelan Ambassador without Borders,the Simón Bolívar School Vessel bids farewell to Saint Vincent and the G… https://t.co/80NsjVi7Km
1 USD to VEF added 1 tweet
2019-08-21 17:50:05 UTC
RT @EmbaVEStVincent: The Venezuelan Ambassador without Borders,the Simón Bolívar School Vessel bids farewell to Saint Vincent and the G… https://t.co/80NsjVi7Km
1 USD to VEF added 1 tweet
2019-08-21 17:48:17 UTC
RT @EmbaVEStVincent: The Venezuelan Ambassador without Borders,the Simón Bolívar School Vessel bids farewell to Saint Vincent and the G… https://t.co/80NsjVi7Km
1 USD to VEF added 1 tweet
2019-08-21 17:38:49 UTC
RT @EmbaVEStVincent: The Venezuelan Ambassador without Borders,the Simón Bolívar School Vessel bids farewell to Saint Vincent and the G… https://t.co/80NsjVi7Km
1 USD to VEF added 1 tweet
2019-08-21 17:32:12 UTC
RT @EmbaVEStVincent: The Head of the Venezuelan mission in Saint Vincent and the Grenadines @FPerezSantana says goodbye to the Ambassado… https://t.co/5dIUVBPDNC

1 US Dollar to Venezuelan Bolívar news media

1 USD to VEF added 1 medium
2019-08-25T01:37:41+02:00
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1 USD to VEF added 1 medium
2019-08-25T00:49:42+02:00
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1 USD to VEF added 1 medium
2019-08-25T00:47:11+02:00
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1 USD to VEF added 1 medium
2019-08-24T13:34:11+02:00
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1 USD to VEF added 1 medium
2019-08-24T09:58:07+02:00
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1 USD to VEF added 1 medium
2019-08-07T16:48:11+02:00
#Repost @infinity_crypto⠀ ---⠀ VENEZUELA CONTINUES TO TURN TO BITCOIN AMID HYPERINFLATION.⠀ The number of Venezuelan Bolivars that were exchanged for Bitcoin last week hit a new all-time high as the International Monetary Fund (IMF) projected that Venezuela will experience the world’s highest inflation rate in 2019.⠀ The IMF is projecting that Venezuela’s inflation rate will hit nearly 1,000,000 percent by the end of this year.⠀ ⠀ Bitcoin having real-world applications will definitely help in its adoption globally.⠀ Agree?⠀ •⠀ •⠀ •⠀ •⠀ •⠀ #crypto #cryptocurrency #venezuela #venezuelancrisis #venezuelanbolivar #bitcoin #bitcoins #altcoin #altcoins #cryptonews #cryptoworld #cryptolife #cryptoadoption #digitalcurrency #digitalmoney #cryptowallet #cryptoexchanges #cryptousa #cryptocanada #infinitycoin #infinitycrypto⠀ ---
1 USD to VEF added 1 medium
2018-07-04T04:01:48+02:00
Unbelievable 🤦🏽‍♂️
1 USD to VEF added 1 medium
2019-08-05T23:00:04+02:00
VENEZUELA CONTINUES TO TURN TO BITCOIN AMID HYPERINFLATION.⠀ The number of Venezuelan Bolivars that were exchanged for Bitcoin last week hit a new all-time high as the International Monetary Fund (IMF) projected that Venezuela will experience the world’s highest inflation rate in 2019.⠀ The IMF is projecting that Venezuela’s inflation rate will hit nearly 1,000,000 percent by the end of this year.⠀ ⠀ Bitcoin having real-world applications will definitely help in its adoption globally.⠀ Agree?⠀ •⠀ •⠀ •⠀ •⠀ •⠀ #crypto #cryptocurrency #venezuela #venezuelancrisis #venezuelanbolivar #bitcoin #bitcoins #altcoin #altcoins #cryptonews #cryptoworld #cryptolife #cryptoadoption #digitalcurrency #digitalmoney #cryptowallet #cryptoexchanges #cryptousa #cryptocanada #infinitycoin #infinitycrypto
1 USD to VEF added 1 medium
2019-04-05T12:14:34+02:00
#venezuela #bolivar #banknotes a nice series. #banknotecollecting #venezuelanbolivar
1 USD to VEF added 1 medium
2019-01-07T02:04:49+01:00
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1 US Dollar to Venezuelan Bolívar news texts

Venezuelans are turning to bitcoin as the bolívar crumbles
Venezuelans are turning to bitcoin as the bolívar crumbles

Venezuela's currency has lost so much of its value that people have given up on counting the notes—they just weigh piles of cash. So far this year, the bolívar has lost nearly half its value compared to the dollar, while inflation has shot up as much as 15 times. That's according to best estimates, since official data isn't available....

over 2 years indicative positive
What Happened When Venezuela Outlawed Its Own Currency
What Happened When Venezuela Outlawed Its Own Currency

In mid-December, the Venezuelan government surprised its citizens by withdrawing from circulation the 100-bolívar note, its largest and most used bill, with only 72 hours’ warning. Here’s what happened next.

over 2 years conditional negative
Venezuela's Hyperinflation, 24 Months and Counting

Venezuela is suffering from the ravages of hyperinflation. Alas, the word “hyperinflation” is thrown around carelessly and misused frequently in the press. Indeed, the debasement of language in the popular press has gone to such lengths that the word “hyperinflation” has almost lost its meaning.

10 months indicative negative
You can't get $1 out of the bank in Venezuela. I tried.
You can't get $1 out of the bank in Venezuela. I tried.

An economic crisis has severely worsened in recent months, making it nearly impossible for people to withdraw meaningful sums of cash.

9 months indicative negative
Venezuela: 'All my life's savings were destroyed by hyperinflation' | #TheCube

#TheCube | "Hyperinflation is too great for families to feed themselves." Amid a political crisis and growing economic collapse, what is hyperinflation like for Venezuelans? The Cube reached out to social media users who told their stories through receipts.

6 months conditional negative

1 US Dollar to Venezuelan Bolívar currency converter

1 US Dollar to Venezuelan Bolívar exchange rates

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