Meanwhile, the euro was quoted at 6.51 bolivars on the city’s street (exchangers). Caracas.
Likewise, the exchange rate for dollars in Cúcuta, Colombia, near the border with Venezuela, was 5.55 bolivars.
For its part, according to the portal, the rate of the bolivar is 1,436 bolivars. If there are changes, at the rate of Banco Banesco. In other banks, the rate is 1,426 bolivars.
Exchange rate price of dollar monitor in Venezuela
Meanwhile, according to the portal Dollar MonitorSetting the average exchange rate at 5.78 bolivars.
of Central Bank Venezuela (BCV) controls the exchange rate of the Venezuelan currency. “DolarToday” corresponds to the average value of private operations in the city CaracasThe value of a Cúcuta is determined by the supply/demand of bolivars in that city.
The devaluation has led to a loss in the value of the bolivar amid a deep economic crisis the South American country is facing due to a significant drop in oil prices on the international market.
Adding to the problem is inflation, which has risen to 10,000,000% by the end of 2019, according to estimates by the International Monetary Fund (IMF). The Central Bank of Venezuela (BCV) itself revealed that inflation reached 130,060% in 2018. The economy has halved since 2013.
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