Meanwhile, the euro was quoted at 8.31 bolivars on the street (exchangers) of the city of Caracas.
Similarly, the exchange rate for a dollar in Cucuta, Colombia, a city near the border with Venezuela, was 8.32 bolivares.
For its part, the bolívar to sol rate is 2,030 bolívares, according to the threshold ChangesItalo, at the Banco Banesco rate. In other banks, the rate is 2,000 bolivares.
Price Monitor Dollar exchange rate in Venezuela
Meanwhile, according to the portal Dollar Monitorit sets the average exchange rate at 8.30 bolivars.
Central Bank of Venezuela (BCV) governs the exchange rate of Venezuela’s currency. The “DolarToday” corresponds to the average value of private operations in the city of Caracasthe value of a Cúcuta is determined based on the supply/demand of Bolívares in that city.
The devaluation has caused a loss in the value of oil amid a deep economic crisis in the South American country due, among other things, to a significant drop in the price of oil on the international market.
Adding to this problem is inflation which, according to estimates from the International Monetary Fund (IMF), rose to 10,000,000% at the end of 2019. The Central Bank of Venezuela (BCV) indicated that inflation had reached 130,060% in 2018 and that is the economy has halved since 2013.
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