Exchange Rate in Venezuela
The exchange rate ended 2022 at VEF 17.23 per USD, compared to the end-2021 value of VEF 4.59 per USD and the figure a decade earlier of VEF 6.29 per USD in Venezuela. For more exchange rate information, visit our dedicated page.
Venezuela Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Venezuela from 2014 to 2023.
Source: Macrobond.
Venezuela Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (VED per USD, eop) | 46,829.06 | 709,900.00 | 4.59 | 17.23 | 35.85 |
| Exchange Rate (VED per USD, aop) | 13,356.19 | 234,031.65 | 3.28 | 6.70 | 28.57 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Venezuelan exchange rate projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Venezuelan exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Venezuelan exchange rate projections.
Want to get access to the full dataset of Venezuelan exchange rate forecasts? Send an email to info@focus-economics.com.