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Compare today's USD to VEF (US Dollar to Venezuelan Bolivar) exchange rates

British Indian Ocean Territory
Venezuela
USD

Interbank Exchange Rate: 1 USD = 61,237,735.2800 VEF
Updated over 24 hours ago

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All you need to know about US Dollar to Venezuelan Bolivar money transfers

Easily compare money transfer providers in one place to send money from British Indian Ocean Territory to Venezuela. Send money overseas to your loved ones by comparing US Dollar (USD) to Venezuelan Bolivar (VEF) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from British Indian Ocean Territory.

Were you looking to send money from Venezuela to British Indian Ocean Territory instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest USD to VEF Conversion Rates

Here are some latest USD to VEF (US Dollar to Venezuelan Bolivar) exchange rates for popular conversion amounts*.

1 USD61,237,735.28 VEF
5 USD306,188,676.40 VEF
10 USD612,377,352.80 VEF
25 USD1,530,943,382.00 VEF
50 USD3,061,886,764.00 VEF
100 USD6,123,773,528.00 VEF
150 USD9,185,660,292.00 VEF
200 USD12,247,547,056.00 VEF
250 USD15,309,433,820.00 VEF
300 USD18,371,320,584.00 VEF
400 USD24,495,094,112.00 VEF
500 USD30,618,867,640.00 VEF
600 USD36,742,641,168.00 VEF
700 USD42,866,414,696.00 VEF
800 USD48,990,188,224.00 VEF
1,000 USD61,237,735,280.00 VEF
1,500 USD91,856,602,920.00 VEF
2,000 USD122,475,470,560.00 VEF
2,500 USD153,094,338,200.00 VEF
3,000 USD183,713,205,840.00 VEF
4,000 USD244,950,941,120.00 VEF
5,000 USD306,188,676,400.00 VEF
10,000 USD612,377,352,800.00 VEF
15,000 USD918,566,029,200.00 VEF
20,000 USD1,224,754,705,600.00 VEF
30,000 USD1,837,132,058,400.00 VEF
40,000 USD2,449,509,411,200.00 VEF
50,000 USD3,061,886,764,000.00 VEF
100,000 USD6,123,773,528,000.00 VEF

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money to Venezuela from British Indian Ocean Territory?

With the global remittance market booming, there are so many choices for United States Dollar to VEF money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Venezuela from British Indian Ocean Territory. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final VEF amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for sending money from British Indian Ocean Territory to Venezuela?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your British Indian Ocean Territory to Venezuela transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your USD to Venezuelan Bolivar international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest United States Dollar to Venezuelan Bolivar exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to send money to Venezuela from British Indian Ocean Territory?

The final amount your recipient gets when you send USD to VEF is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from British Indian Ocean Territory to Venezuela used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Venezuelan Bolivar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best United States Dollar to Venezuela exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to send money from British Indian Ocean Territory to Venezuela?

We do not recommend using your local bank in British Indian Ocean Territory for your next USD to VEF overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from British Indian Ocean Territory to Venezuela (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending VEF to Venezuela. These companies will let you use your local bank account in British Indian Ocean Territory to pay for your Venezuela money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to do a money transfer to Venezuela from British Indian Ocean Territory?

If you need to convert USD to VEF as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from British Indian Ocean Territory to Venezuela could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your United States Dollar to Venezuelan Bolivar funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Venezuela.

With so many choices available, make sure to compare various forex operators that enable you to remit money from British Indian Ocean Territory to Venezuela. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to transfer money to Venezuela from British Indian Ocean Territory?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from British Indian Ocean Territory to Venezuela, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best United States Dollar to Venezuelan Bolivar exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your VEF money transfers to Venezuela. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Venezuela getting more money for every United States Dollar you send.


Step by step guide to send money to Venezuela from British Indian Ocean Territory

There are many important aspects of British Indian Ocean Territory to Venezuela remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - British Indian Ocean Territory bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include VEF bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much United States Dollar amount you want to send from British Indian Ocean Territory.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Venezuela to validate that they get the money once the transaction clears.