Venezuela's currency is the Bolivar Fuerte (VEF), which replaced the Bolivar (VEB) in January 2008. The revaluation means that Bs. 1,000 becomes Bs F 1. It is divided into 100 centimos. US dollars are the most favoured foreign currency so it is best to have cash in USD. Foreign currency can be changed at bureau de change offices found in most larger cities and tourist destinations. Some banks will now buy US dollars for bolivares or sell bolivares against a foreign credit card; some major hotels will also swap US dollars for bolivares. Banks are usually open Monday to Friday. Bolivars should be exchanged before exiting Venezuela. There are ATMs in the cities (however some travellers have experienced problems using them), and most credit cards, including MasterCard/Eurocard and Visa, are accepted in major cities. Visitors are also warned that there is a serious problem with credit card fraud and using credit/debit cards will greatly increase trip expenses.
Currency Exchange Rates
|Venezuela||VEF 1||VEF 5||VEF 10||VEF 100||VEF 1,000|
|Australia||AUD 0.13||AUD 0.65||AUD 1.30||AUD 13.03||AUD 130.28|
|Canada||CAD 0.13||CAD 0.67||CAD 1.34||CAD 13.40||CAD 134.03|
|Ireland||EUR 0.09||EUR 0.45||EUR 0.90||EUR 9.04||EUR 90.43|
|New Zealand||NZD 0.14||NZD 0.68||NZD 1.37||NZD 13.65||NZD 136.53|
|South Africa||ZAR 1.35||ZAR 6.74||ZAR 13.49||ZAR 134.87||ZAR 1,348.73|
|United Kingdom||GBP 0.08||GBP 0.40||GBP 0.80||GBP 8.05||GBP 80.49|
|United States of America||USD 0.10||USD 0.50||USD 1.00||USD 10.00||USD 100.00|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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