What does VEF stand for in Venezuela?

Hard bolívar

Venezuelan hard bolívar
bolívar fuerte venezolano (Spanish)
ISO 4217
Code VEF

What is 1 million bolivars in US dollars?

Convert Venezuelan Bolivars (VES) to US Dollars (USD)

Convert To Explain
100 VES USD 100 Venezuelan Bolivars = 20.1926 US Dollars as of 5/26/2022
10,000 VES USD 10,000 Venezuelan Bolivars = 2,019.26 US Dollars as of 5/26/2022
1,000,000 VES USD 1,000,000 Venezuelan Bolivars = 201,926.38 US Dollars as of 5/26/2022

How much is $100 in Venezuelan money worth?

100 US Dollar is 493.985210 Venezuelan Bolívar Soberano.

How much is $50 in Bolivar?

50 US Dollar is 247.695308 Venezuelan Bolívar Soberano.

How much is $1 in Venezuelan dollars?

Convert US Dollar to Venezuelan Bolívar

1 USD 495,135 VEF
5 USD 2,475,680 VEF
10 USD 4,951,350 VEF
25 USD 12,378,400 VEF

How much does a burger cost in Venezuela?

In Venezuela, a typical fast food meal costs: 8.00 USD for a McMeal at McDonalds or BurgerKing (or similar combo meal), and 2.40 USD for a cheeseburger.

Why is VEF so low?

It comes as Venezuela’s gross domestic product or GDP has plummeted by 80 percent since 2013 as the price of oil crashed and output dwindled during decades of under-investment and government mismanagement. The bolivar has lost nearly all its value in just more than 10 years – shedding almost 73 percent in 2021 alone.

How much is a bolivar?

Convert Venezuelan Bolívar to US Dollar

1 VEF 0.00000208411 USD
5 VEF 0.0000104206 USD
10 VEF 0.0000208411 USD
25 VEF 0.0000521028 USD