The exchange rate in Venezuela was quoted this Tuesday in 1.873.893,89 bolivars per dollar in the parallel market, according to the portal Dolar Today.
Meanwhile, the euro traded at 2,042,544.34 bolivars on the street (moneychangers) of the city of Caracas.
Likewise, the exchange of dollars in Chrysanthemumuta, Colombia, a city near the border with Venezuela, it was of 87750.00 bolivars.
For its part, the rate from bolívar to sol is 490000, according to the portal ChangesItalo, in the rate Bank banque. At other banks, the rate is 490000 bolivars.
Meanwhile, according to the Monitor Dollar portal, it establishes the average of the exchange rate at 297,777.00 bolivars.
The Central Bank of Venezuela (BCV) controls the exchange rate of the Venezuelan currency. The “DolarToday”Corresponds to the average value of private operations in the city of Caracas, the value of Cucuta It is determined based on the supply / demand of Bolívares in that city.
The devaluation it has caused a loss in the value of the bolivar in the midst of the deep economic crisis that the South American country is experiencing due to, among other things, a significant reduction in the price of oil on the international market.
To this problem is added the inflation which, according to estimates by International Monetary Fund (IMF), climbed to 10,000,000% at the end of 2019. The same Central bank of Venezuela (BCV) revealed that inflation had reached 130.060% in 2018 and that the economy had halved since 2013.