Venezuela introduced a new currency, the sovereign bolivar, on August 20th 2018, in an attempt to curb hyperinflation and economic crisis in the country. The new bolivar is anchored to the Petro, an oil-backed digital cryptocurrency launched in February. The exchange rate of the Petro cryptocurrency is fixed at $60, or 3,600 redenominated bolivars. The USDVES spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VES. While the USDVES spot exchange rate is quoted and exchanged in the same day, the USDVES forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Venezuelan Bolivar - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuelan Bolivar - actual data, historical chart and calendar of releases - was last updated on March of 2019.