You could also opt to use the faster option offered by Western Union. With MoneyGram’s fast option, your money should reach its Venezuelan destination in a matter of minutes. Make sure you are using their fast option, however, or you could end up waiting up to five days. The fastest way to send money online to Venezuela is through MoneyGram (fast option). What’s The Fastest Way To Send Money Online To Venezuela? You can reasonably expect extreme and wild fluctuations to take place sporadically until the crisis comes to an end. This rate of volatility is exceptional and unsustainable. The average volatility rate of the VES against the USD was 6.28% over the last 90 days. The VES had an average exchange rate of nan VES per USD for the last 90 days. The VES reached a high of 0.0000 VES per USD and a low of 0.0000 VES per USD during the last 90 days. The current exchange rate for the Venezuelan Bolivar (VES) is VES per American Dollar (USD). As the Central Bank’s gold reserves continue to empty (they are set to run out before the end of 2019), the situation on the ground will likely grow direr. The VEF has been pushed forward by the authorities, but the currency situation remains complex and fast-changing. The Venezuelan Bolivar (VES) has been more or less phased out because it has become effectively useless. South Georgia and the South Sandwich Islandsĭuring the current crisis, Venezuela launched a second currency, the Venezuelan Sovereign Bolivar (VEF), in order to counter inflation.
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