Venezuela’s Central Bank Reports Bolivar Appreciation Against US Dollar
Caracas – The Central Bank of Venezuela (BCV) announced today, February 23, 2026, that the official exchange rate is set at 405.3518 Bolívares per US dollar. This represents an increase of 3.0175 Bolívares, or 0.75%, compared to the previous trading day. The rate is calculated as a weighted average of daily operations conducted by participating banking institutions, according to the BCV.
The publication of the BCV exchange rate aims to provide a benchmark for Venezuela’s currency market. Monitoring these daily updates is crucial for understanding the evolution of the official exchange rate, particularly within the context of the country’s complex economic landscape. The BCV’s role is to offer transparency and a reference point for financial operations, price setting and economic planning.
The annual accumulated variation in the exchange rate has reached +107.2087 Bolívares, representing a 35.9588% increase. Compared to February 24, 2025, the increase is even more significant, at +341.9379 Bolívares, or 539.216%. Last year, on the same date, the annual accumulated variation was +22.1036%, according to the BCV.
The exchange rate was valued on February 23, 2026.
Exchange Rates Against Other Major Currencies
Beyond the US dollar, the BCV also publishes reference rates for other major currencies. As of February 23, 2026, the exchange rates are as follows: Euro (EUR) at 476.70587735 Bolívares, Chinese Yuan (CNY) at 58.67860451 Bolívares, Turkish Lira (TRY) at 9.2462055 Bolívares, and Russian Ruble (RUB) at 5.27527069 Bolívares. These rates provide a broader view of the Bolivar’s performance against key international currencies.
Banking Sector Rates
While the BCV provides the official reference rate, individual banks offer varying exchange rates. On February 20, 2026, BBVA Provincial offered a purchase rate of 438.5496 Bolívares and a sale rate of 498.3161 Bolívares. Banesco offered 439.2699 Bolívares for purchases and 456.1462 Bolívares for sales. Banco Nacional de Crédito BNC had rates of 417.3635 Bolívares for purchases and 434.5419 Bolívares for sales. Banco Mercantil offered 458.7974 Bolívares for purchases and 498.5353 Bolívares for sales. R4’s rates were 566.5909 Bolívares for purchases and 520.8389 Bolívares for sales. Other institutions offered 417.4658 Bolívares for purchases and 424.8063 Bolívares for sales.
The BCV provides a historical record of daily exchange rates, allowing for analysis of trends. Interested parties can consult the daily exchange rate and compare the dollar rate across Latin America, as well as exchange rates by country.
The BCV exchange rate serves as a crucial reference for financial operations, price setting, and economic planning in Venezuela. Staying informed with these daily updates is essential for making sound financial decisions within the country.
