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

Portugal
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 Portugal 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 Portugal 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 Portugal.

Were you looking to send money from Venezuela to Portugal 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 do Portugal to Venezuela money transfers?

Sending money internationally to Venezuela from Portugal can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Euro to VEF remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Venezuela. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Venezuelan Bolivar.


How to get the best exchange rate for sending money from Portugal to Venezuela?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Venezuela.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Portugal to Venezuela transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your EUR to Venezuelan Bolivar money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


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

The final amount your recipient gets when you send EUR 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 Portugal 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 Euro 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.


How to send money from Portugal to Venezuela through a bank?

We do not recommend using your local bank in Portugal for your next EUR 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 Portugal 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 Portugal 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 transfer money from Portugal to Venezuela?

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 Portugal 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 Portugal 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 Portugal?

Comparing money transfer companies for sending money to Venezuela from Portugal 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 Euro 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 Euro that you send.


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

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

  • 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 Portugal 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.