The value of 1 million Venezuelan Bolivars (VES) in US Dollars (USD) fluctuates constantly due to Venezuela’s volatile economy and hyperinflationary pressures. As of July 2, 2025, at 5:00 PM UTC, 1,000,000 VES equals $9,176.12 USD. This means that 1 VES = 0.009176 USD, while conversely, 1 USD = 108.98 VES.
Understanding this conversion is essential for travelers, investors, expatriates, and anyone involved in cross-border transactions involving Venezuela. In this comprehensive guide, we’ll explore current exchange rates, historical trends, economic context, and practical tools for converting VES to USD accurately.
Current Exchange Rate: 1,000,000 VES to USD
As of the latest update:
1,000,000 Venezuelan Bolivars = $9,176.12 US Dollars
This rate reflects the ongoing depreciation of the Venezuelan Bolivar over recent years. The country has faced prolonged economic instability, leading to one of the most severe cases of hyperinflation in modern history.
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Historical Trends in VES to USD Exchange Rates
To understand the current value of the Venezuelan Bolivar, it’s crucial to examine its performance over time.
Peak and Trough: Last 12-Month Performance
Over the past year (from July 2, 2024, to July 1, 2025), the average exchange rate stood at 0.01936 USD per VES.
- Highest Rate: On July 2, 2024, 1 VES was worth $0.02742 USD — a relative high amid temporary economic stabilization efforts.
- Lowest Rate: By July 1, 2025, the rate had dropped to $0.009176 USD, marking a significant decline.
Year-Over-Year Change
The VES/USD exchange rate has declined by -66.54% over the last year. This sharp drop indicates continued loss of purchasing power and investor confidence in the Venezuelan currency.
Short-Term Volatility: Past 30 and 90 Days
Even within shorter timeframes, the bolivar shows extreme volatility:
| Period | High Rate | Low Rate | Average Rate | Change |
|---|---|---|---|---|
| Last 30 Days | 0.01028 | 0.009176 | 0.009757 | -10.70% |
| Last 90 Days | 0.01424 | 0.009176 | 0.01100 | -35.54% |
These fluctuations highlight the risks associated with holding or transacting in VES. Sudden devaluations can drastically affect savings, wages, and business operations.
Conversion Table: Common VES to USD Amounts
Here are some frequently used conversions from Venezuelan Bolivars to US Dollars:
- 1,000 VES = $9.18
- 5,000 VES = $45.88
- 10,000 VES = $91.76
- 50,000 VES = $458.81
- 100,000 VES = $917.61
- 500,000 VES = $4,588.06
- 1,000,000 VES = $9,176.12
- 2,500,000 VES = $22,940
- 5,000,000 VES = $45,881
For larger amounts:
- 10 million VES ≈ $91,761
- 100 million VES ≈ $917,612
USD to VES: How Many Bolivars Per Dollar?
Conversely, here’s how many Venezuelan Bolivars you receive per US Dollar:
- $1 USD = 108.98 VES
- $5 USD = 544.89 VES
- $10 USD = 1,089.79 VES
- $50 USD = 5,448.93 VES
- $100 USD = 10,898 VES
- $1,000 USD = 108,979 VES
This inverse relationship helps clarify how much local currency is needed to purchase USD — a common transaction in Venezuela due to dollarization.
What Drives the Value of the Venezuelan Bolivar?
Several factors contribute to the instability of the VES:
- Hyperinflation: Annual inflation rates have exceeded thousands of percent.
- Economic Sanctions: International sanctions have limited access to foreign capital.
- Oil Dependency: Venezuela’s economy relies heavily on oil exports; price swings directly affect national revenue.
- Monetary Policy Mismanagement: Repeated currency redenominations (e.g., removing zeros) have failed to restore trust.
- Dollarization Trend: Many Venezuelans prefer using USD for daily transactions due to its stability.
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Frequently Asked Questions (FAQ)
What is the Venezuelan Bolivar (VES)?
The Venezuelan bolívar (VES) is the official currency of Venezuela. Due to severe hyperinflation and economic turmoil, it has undergone multiple redenominations. Despite government efforts to stabilize it, the bolivar remains highly volatile and continues to lose value against stronger currencies like the US Dollar.
What is the US Dollar (USD)?
The United States Dollar (USD) is the world’s primary reserve currency and one of the most stable and widely accepted currencies globally. Symbolized by “$”, it is used extensively in international trade and finance. Its strength and reliability make it a preferred alternative in countries facing economic crises.
How much is 1 million Venezuelan Bolivars in US Dollars?
As of July 2, 2025, 1 million Venezuelan Bolivars equals $9,176.12 USD. However, this value changes frequently due to ongoing inflation and market dynamics.
What was the highest VES to USD exchange rate in recent years?
The highest recorded rate in the last eight years was on August 20, 2018, when 1 VES equaled $0.4025 USD — significantly higher than today’s rate.
Why has the Venezuelan Bolivar lost so much value?
The bolivar’s collapse stems from chronic fiscal mismanagement, collapsing oil revenues, political instability, and hyperinflation. These factors eroded public trust in the national currency and accelerated a shift toward dollarization.
Is it better to hold USD instead of VES in Venezuela?
Yes. Due to rapid devaluation and inflation, most Venezuelans and businesses prefer holding savings and conducting transactions in US Dollars. The USD offers greater stability and preserves purchasing power over time.
Final Thoughts
While 1 million Venezuelan Bolivars may sound like a large sum, its actual value in US Dollars is modest — just over $9,176 as of mid-2025. This stark contrast underscores the devastating impact of economic mismanagement and inflation on a national currency.
For those dealing with Venezuelan finances — whether sending remittances, investing, or managing personal funds — staying updated on real-time exchange rates is critical.
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