EnParaleloVzla Parallel Dollar Rate — USD to VES
Current market indicator for the unofficial parallel dollar exchange rate in Venezuela, tracking buy and sell spreads, daily variations, and peer-to-peer liquidity benchmarks.
964.28 VES / USD
USD / VES Currency Calculator
Convert US Dollars to Venezuelan Bolívar and vice versa with live parallel or official BCV benchmarks.
Quick USD to VES Table
| US Dollars (USD) | Bolívares (VES) |
|---|---|
| $1 USD | 964.28 VES |
| $5 USD | 4,821.40 VES |
| $10 USD | 9,642.80 VES |
| $20 USD | 19,285.60 VES |
| $50 USD | 48,214.00 VES |
| $100 USD | 96,428.00 VES |
| $200 USD | 192,856.00 VES |
| $500 USD | 482,140.00 VES |
| $1,000 USD | 964,280.00 VES |
Quick VES to USD Table
| Bolívares (VES) | US Dollars (USD) |
|---|---|
| 50 VES | $0.05 USD |
| 100 VES | $0.10 USD |
| 500 VES | $0.52 USD |
| 1,000 VES | $1.04 USD |
| 2,000 VES | $2.07 USD |
| 5,000 VES | $5.19 USD |
| 10,000 VES | $10.37 USD |
| 25,000 VES | $25.93 USD |
| 50,000 VES | $51.85 USD |
What is the "Dólar Paralelo" in Venezuela?
The parallel dollar is an informal currency indicator that reflects the unconstrained exchange value of the US Dollar against the Venezuelan Bolívar in non-banking transactions. Because access to official foreign currency through commercial banking auctions can be limited by foreign currency rationing or strict banking controls, businesses and individuals turn to peer-to-peer markets to satisfy their foreign exchange needs.
The EnParaleloVzla indicator surveys leading digital exchanges, remittance services, and OTC (over-the-counter) desks to present a composite indicator. It is widely monitored across Venezuela to anticipate retail price adjustments and track informal purchasing power.
Market Operating Hours & Daily Update Windows
Parallel market monitors in Venezuela traditionally publish two primary daily benchmarks on business days (Monday through Friday):
- Morning Opening Indicator (9:00 AM VET): Reflects overnight P2P order settlements, opening trade liquidity, and morning demand.
- Afternoon Closing Indicator (1:00 PM VET): Reflects midday trading volume, interbank cash movements, and afternoon market sentiment.
Inflation Pass-Through and Domestic Price Formation
In economics, the "pass-through effect" describes how exchange rate fluctuations directly translate into consumer price changes. In Venezuela, because the vast majority of raw materials, auto parts, pharmaceuticals, hardware, and electronics are imported, shifts in the parallel dollar quickly transmit into retail shelf prices, even when stores are legally required to invoice in Bolívares at the official BCV rate.
Frequently Asked Questions About the Parallel Rate
Is it illegal to consult the parallel dollar rate in Venezuela?
In August 2018, the National Constituent Assembly repealed the Illicit Foreign Exchange Law (Ley de Ilícitos Cambiarios), eliminating criminal penalties for consulting, holding, and transacting in foreign currency. However, commercial businesses must price and bill their domestic sales strictly at the official BCV rate.
Why does the parallel rate change multiple times during the day?
Because the parallel market operates without price ceilings or central bank trading collars, prices fluctuate dynamically based on live buy and sell orders executed by thousands of traders on peer-to-peer exchanges throughout trading hours.
What causes sudden spikes in the parallel dollar?
Sudden jumps typically coincide with major government bonus disbursements (injecting massive bolívar liquidity into accounts), reductions in weekly central bank foreign currency sales to banks, or heightened macroeconomic uncertainty.