How much is the Venezuelan bolivar today? Best time to send remittances

How much is the Venezuelan bolivar today? Best time to send remittances

Visit how much is the Venezuelan bolivar today? will help you to know when it is the best time to send money to your loved ones. 

With the current situation our country is going through, where the value of the bolivar can change due to daily fluctuations, choosing the best timing can make the difference between being able to send more or less money to our family and friends. If it must be borne in mind that we cannot know exactly what the change will be like at the time of collectionBut we can minimise the risks by using options that pay out quickly.

For us, from EuropeThe difference can make a big difference, but for them, at home, selecting the right time is crucial. The difference can be quite big. 

In order to help you through this complex process, in the following article we will give you some tips that you should take into account before you start the process. send money to Venezuela. By keeping them in mind, your family will thank you. 

How much is the Venezuelan bolivar?

Venezuelan money

Unlike much more stable currencies, as would be the case for the euroThe fluctuation is generally minimal, the bolivar tends to experience daily fluctuations. This instability makes it necessary to be vigilant. how much is the Venezuelan bolivar? at the moment we want to send, in order to maximise the money our loved ones receive.

For example, if the value of the bolivar is lower than the dollar, the person receiving the money in bolivars will get a smaller amount. On the other hand, if it is sent when the bolivar has a high value against the dollar, they will be able to get more money.

Although it may seem unimportant, this difference can make it possible to instead of being able to buy food for two weeks, you can buy food for three weeks.for example. That is why it is so important to know how much is the Venezuelan bolivar today?. We recall that the amount of change at the time of shipment does not have to be equal to the amount collectedTherefore, using a fast service will be the best guarantee to mitigate risks. 

So, in practice, how can we know what the current exchange rate is? If you have any doubts on Curiara it is possible to see in real time the bolivar exchange rate against the euro and the dollar. This information will allow you to make the best use of the money you want to send and to choose the most appropriate most favourable time to carry out your transactions. 

As with Curiara the money is available in just 24 working hoursIf the price fluctuations were large, the likelihood of large fluctuations is much smaller.

The difference of choosing the perfect moment

We know that every coin counts and that the smallest difference can make a big difference for cover the basics of those who matter most to us. The difference between choosing one time or the other influences both the food, the medicines, and the education that our family members can receive. 

Hence the importance of knowing the perfect moment, because it is not something that affects us, but it affects the standard of living of the people we love.

We are aware of the impotence caused by the fact that the effort invested to earn money is not enough to cover basic needs due to a bad exchange rate. For this reason, from Curiara we advise you to take fluctuations into account before making any shipment, in order to keep the loss to a minimum.

While it is true that we can never be sure at 100%, it will make it easier to ship at a favourable exchange rate. In addition, the collection of bolivars in Venezuela You will need to be quick and not let days go by, otherwise it is much more likely that there will be changes in the value of the currency and therefore in the amount that your loved ones will receive.

The bolivar, a currency in continuous fluctuation

The bvenezuelan olivar is a currency marked by the many economic and political ups and downs it has suffered throughout its history. Although it was relatively stable for much of the 20th century, especially during the oil boom years, it began to experience uncontrolled inflation in the late 20th and early 21st centuries. 

In an effort to controlling hyperinflation y stabilising the economyIn the last two decades, the Venezuelan government has been implementing a number of measures reconversionsThese have not had the expected results. 

At 2008the bolivar fuerte (VEF) replaced the bolivar (VEB) with an exchange rate of 1/1000. However, this change failed to halt inflation and, as a result, later in the year, in 2018 introduced the sovereign bolivar (VES) at a rate of 1/100000 in an attempt to simplify financial transactions and restore confidence in the currency. In spite of these measures, hyperinflation continued, and in 2021, another currency reconversion took place, eliminating six zeros from the currency to create the bolívar digital (VED). 

Today, none of these changes has succeeded in contain inflation y the bolivar continues to lose value against other foreign currencies. This makes it a very volatile currency whose value is constantly changing.

The rise of the Venezuelan community in Spain

Statistics: Ranking of countries with the highest number of emigrants from Venezuela worldwide in 2023 | Statista
Source: Statista

The Venezuelan community in Spain and Europe has grown significantly in the last few years due to the economic and political crisis of Venezuela. According to data compiled by the statistics portal StatistaSpain is the seventh country in the world with the highest number of emigrants from Venezuela, with more than 400,000 Venezuelans currently living in some of the cities in Spain.

The the rise of the Venezuelan community in Spain is a reflection of the resilience and hope of thousands of people who are forced to leave their homes behind in search of better opportunities.

With love and sacrifice, many send money regularly to their loved ones in Venezuelademonstrating that distance cannot break family ties. Each sending is an act of affection, a show of solidarity and a reminder that, despite the difficulties, the Venezuelan spirit continues to beat in each one of them.

How can I send money to Venezuela?

Online platforms to send money to Venezuela

For sending money to Venezuela from abroad There are a number of options available and among the most common is the remittance through a specialised company. These are companies with physical locations in businesses such as call shops, bureaux de change or foreign food shops, where money can be sent.

On the other hand, there would be our favourite option, the online money transfer platforms. They are an excellent option, since they work in a very simple way and allow you to consult in real time the exchange rate so you can see if it is the right time to send or if you should wait.

This reduces uncertainty and the chances of large fluctuations on the next business day when the money will be available if you use our application.

If you need more information on any of the options we have discussed, see our article on how sending money from Spain to Venezuela you will find more detailed information on each of the processes, as well as their advantages and disadvantages.

With Curiara, the first shipment is free of charge.

Send money to Venezuela with Curiara

Have you decided to go for the option of online platforms for sending money? At Curiara we want to help you in everything you need and for that reason our platform is designed to make it easier to sending remittances from any country in Europe, the UK, Schengen countries and from the state of Florida in the United States to Venezuela..

In addition, Curiara is a application created by Venezuelans with the purpose of helping other Venezuelans to send money safely and efficiently. Unlike other money remittance applicationsCuriara deeply understands the specific needs and challenges faced by Venezuelans, both at home and abroad. This sentiment is reflected throughout our business and services, with which we seek to facilitate transfers in a complicated economic environment. 

For this reason, we guarantee you the tmost competitive exchange rate handle on the market so that your family and friends can receive more money in your country. Don't worry about any possible complications, we take the seurity of your money and we treat it as if it were our own. 

It is very important to us that all shipments arrive when they are needed. And if you have any problems, we are available to you 24 hours a day via WhatsApp, ready to answer any questions or to assist you in the sending your remittances.

And if you haven't made up your mind yet... The first shipment is 100% free of chargewithout any commission! You can do it easily through our website or from our website.plication available at Google Play y App Store. Very fast and uncomplicated.

Sit down with your loved ones and get the most bang for your buck!