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Compare today's GBP to VEF (British Pound to Venezuelan Bolivar) exchange rates

Jersey
Venezuela
GBP

Interbank Exchange Rate: 1 GBP = 83,035,343.2318 VEF
Updated over 24 hours ago

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All you need to know about British Pound to Venezuelan Bolivar money transfers

Easily compare money transfer providers in one place to send money from Jersey to Venezuela. Send money overseas to your loved ones by comparing British Pound (GBP) 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 Jersey.

Were you looking to send money from Venezuela to Jersey 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 GBP to VEF Conversion Rates

Here are some latest GBP to VEF (British Pound to Venezuelan Bolivar) exchange rates for popular conversion amounts*.

1 GBP83,035,343.23 VEF
5 GBP415,176,716.16 VEF
10 GBP830,353,432.32 VEF
25 GBP2,075,883,580.80 VEF
50 GBP4,151,767,161.59 VEF
100 GBP8,303,534,323.18 VEF
150 GBP12,455,301,484.77 VEF
200 GBP16,607,068,646.36 VEF
250 GBP20,758,835,807.95 VEF
300 GBP24,910,602,969.54 VEF
400 GBP33,214,137,292.72 VEF
500 GBP41,517,671,615.90 VEF
600 GBP49,821,205,939.08 VEF
700 GBP58,124,740,262.26 VEF
800 GBP66,428,274,585.44 VEF
1,000 GBP83,035,343,231.80 VEF
1,500 GBP124,553,014,847.70 VEF
2,000 GBP166,070,686,463.60 VEF
2,500 GBP207,588,358,079.50 VEF
3,000 GBP249,106,029,695.40 VEF
4,000 GBP332,141,372,927.20 VEF
5,000 GBP415,176,716,159.00 VEF
10,000 GBP830,353,432,318.00 VEF
15,000 GBP1,245,530,148,477.00 VEF
20,000 GBP1,660,706,864,636.00 VEF
30,000 GBP2,491,060,296,954.00 VEF
40,000 GBP3,321,413,729,272.00 VEF
50,000 GBP4,151,767,161,590.00 VEF
100,000 GBP8,303,534,323,180.00 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 from Jersey to Venezuela?

There are many good choices when it comes to sending money from Jersey to Venezuela. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your British Pound to VEF money transfers.

We compare different remittance companies to bring you the best options to send money to Venezuela from Jersey. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your British Pound to Venezuelan Bolivar money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best remit rate for transferring money from Jersey to Venezuela?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Venezuela from Jersey. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your GBP to Venezuelan Bolivar money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Jersey to Venezuela corridor to give you more good choices for your next VEF money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Venezuela from Jersey?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Jersey to Venezuela via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for British Pound to Venezuelan Bolivar remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Jersey to Venezuela exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for GBP to VEF remittances.


Should I use my bank to send money from Jersey 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 Jersey 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 GBP to VEF transfers.

Given this, there are umpteen additional options to send money to Venezuela instead of just your Jersey 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 British Pound even more so that your recipient in Venezuela gets the maximum amount.


How to send money to Venezuela from Jersey fast?

If you need to convert GBP 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 Jersey 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 British Pound 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 Jersey 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 send money to Venezuela from Jersey?

Comparing money transfer companies for sending money to Venezuela from Jersey can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Venezuela. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your British Pound to Venezuelan Bolivar transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Venezuelan Bolivar yield on every British Pound that you send.


Step by step guide to send money to Venezuela from Jersey

The first step to send money to Venezuela from Jersey is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your GBP to VEF overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Venezuela if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Jersey bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Venezuela!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Jersey to Venezuela.