Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's EUR to VEF (Euro to Venezuelan Bolivar) exchange rates

Italy
Venezuela
EUR

Interbank Exchange Rate: 1 EUR = 74,988,991.5910 VEF
Updated over 24 hours ago

Found 1 Remittance Service Providers

(*)(*)(*)(*)(*)
1000 EUR =
436 445.00 VEF
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 436.4450 VEF

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about Euro to Venezuelan Bolivar money transfers

Easily compare money transfer providers in one place to send money from Italy to Venezuela. Send money overseas to your loved ones by comparing Euro (EUR) 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.

RemitFinder compared 1 money transfer operators to get you the best FX rates to send money from Italy to Venezuela.

The best rate to send Venezuelan Bolivar from Euro to your loved ones in Venezuela is currently offered by Western Union; their 1 EUR to VEF exchange rate today is 436.4450.

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 Italy.

Were you looking to send money from Venezuela to Italy 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 EUR to VEF Conversion Rates

Here are some latest EUR to VEF (Euro to Venezuelan Bolivar) exchange rates for popular conversion amounts*.

1 EUR74,988,991.59 VEF
5 EUR374,944,957.96 VEF
10 EUR749,889,915.91 VEF
25 EUR1,874,724,789.78 VEF
50 EUR3,749,449,579.55 VEF
100 EUR7,498,899,159.10 VEF
150 EUR11,248,348,738.65 VEF
200 EUR14,997,798,318.20 VEF
250 EUR18,747,247,897.75 VEF
300 EUR22,496,697,477.30 VEF
400 EUR29,995,596,636.40 VEF
500 EUR37,494,495,795.50 VEF
600 EUR44,993,394,954.60 VEF
700 EUR52,492,294,113.70 VEF
800 EUR59,991,193,272.80 VEF
1,000 EUR74,988,991,591.00 VEF
1,500 EUR112,483,487,386.50 VEF
2,000 EUR149,977,983,182.00 VEF
2,500 EUR187,472,478,977.50 VEF
3,000 EUR224,966,974,773.00 VEF
4,000 EUR299,955,966,364.00 VEF
5,000 EUR374,944,957,955.00 VEF
10,000 EUR749,889,915,910.00 VEF
15,000 EUR1,124,834,873,865.00 VEF
20,000 EUR1,499,779,831,820.00 VEF
30,000 EUR2,249,669,747,730.00 VEF
40,000 EUR2,999,559,663,640.00 VEF
50,000 EUR3,749,449,579,550.00 VEF
100,000 EUR7,498,899,159,100.00 VEF

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


What's the best way to transfer money from Italy to Venezuela?

With the global remittance market booming, there are so many choices for Euro 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 Italy. 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 Italy to Venezuela?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Venezuela from Italy.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your EUR to Venezuelan Bolivar remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for EUR to VEF remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way for transferring money to Venezuela from Italy?

When you want to send money to Venezuela from Italy, you obviously want the cheapest possible option to maximize the money your recipient gets in Venezuelan Bolivar. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your EUR to VEF money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Italy to Venezuela. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Italy to Venezuela exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Venezuelan Bolivar overseas.


Should I use my bank to send money from Italy to Venezuela?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Italy to Venezuela money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like EUR to VEF transfers.

Given this, there are umpteen additional options to send money to Venezuela instead of just your Italy bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Euro even more so that your recipient in Venezuela gets the maximum amount.


How to send money from Italy to Venezuela fast?

If you need to convert EUR 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 Italy 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 Euro 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 Italy 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 Italy?

The first step in selecting the best money transfer operators for Italy to Venezuela remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Euro to Venezuelan Bolivar money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Venezuela.


Step by step guide to do a money transfer from Italy to Venezuela

Follow the below easy steps to send money to Venezuela from Italy.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Italy bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in Venezuela).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your EUR to VEF remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.