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US dollar to Bolivian bolíviano exchange rate
Find the best USD/BOB exchange rate for 19 Apr 2021.
Refreshing in: 60s | Mon, Apr 19, 07:46PM GMT
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Historical Rate chart of USD and BOB
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How can I get the best exchange rate between US dollar and Bolivian Boliviano?
Depending on whether you are planning to send money to someone in Bolivia or planning a trip to the country, there are different options available for exchanging your US dollars to Bolivian bolivianos.
If you’re traveling to Bolivia, bringing a debit card and withdrawing cash is an inexpensive option if you’re card waives international ATM fees. Other options include traditional money changers that will exchange US dollars for Bolivian bolivianos or exchanging cash in the bank — this may be pricier.
Online money transfer services are often the best option for sending money to someone in Bolivia. These services usually offer lower fees and better exchange rates than banks and they also process your transaction faster.
|Sub unit symbol:||c|
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Sub unit symbol:||Cvs.|
|Bank notes:||Bs. 10, 20, 50, 100, 200|
|Coins:||10Cvs, 20Cvs, 50Cvs; Bs. 1, 2, 5|
What affects exchange rates between the US dollar and Bolivian boliviano?
Today, the Bolivian boliviano is a free-floating currency. That means that the exchange rate of this currency with the US dollar depends on the supply and demand of both currencies. Also, the factors that determine the supply and demand of US dollar and Bolivian boliviano are not just limited to Bolivia and the United States, but can be determined by events anywhere in the world.
Economic and political developments in Bolivia are an important factor for the exchange rate. Although economic development in Bolivia is improving, it happens at a fairly slow pace. If the political situation in Bolivia stabilizes, the exchange rate of the boliviano compared to the US dollar will likely go up.
Higher interest rates in either Bolivia or the United States also affect exchange rates. If Bolivia raised its interest rates, more investors would be interested in putting bolivianos into local Bolivian banks, thus increasing the demand for bolivianos. Similarly, lower interest rates in Bolivia leads to a lower exchange rate for the Bolivian boliviano.
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How does the Bolivian boliviano trade against the US dollar historically?
The Bolivian boliviano replaced the Bolivian peso in 1987 in an attempt to counter inflation. At that time, one boliviano was equal to one US dollar. When the new boliviano replaced the old peso in 1987, Bolivia had for years suffered under uncontrollable inflation. The new currency was introduced at a rate of one million pesos to one boliviano.
Today, one Bolivian boliviano is worth just 0.145 US dollar. The country lacks a modern, well-developed capital market and inflation has been a big problem over the past couple of decades.
In recent years, the Bolivian government has chosen to follow a “strong currency” policy, meaning the priority of the central bank is to maintain a strong exchange rate between the Bolivian boliviano and other currencies, mainly the US dollar. Although this policy has proved to be damaging for the country’s export sector, it will likely remain in place since it is very popular in the Bolivian population. A strong currency means that imported goods will be cheaper for the local population, while also keeping inflation under control.
US Dollar to the Bolivian Boliviano for the last 10 days
|Apr 09||Apr 10||Apr 11||Apr 12||Apr 13||Apr 14||Apr 15||Apr 16||Apr 17||Apr 18|
|1 USD =||6.9003 Inverse: 0.1449||6.8952 Inverse: 0.1450||6.8952 Inverse: 0.1450||6.8959 Inverse: 0.1450||6.8949 Inverse: 0.1450||6.8951 Inverse: 0.1450||6.8951 Inverse: 0.1450||6.9026 Inverse: 0.1449||6.9099 Inverse: 0.1447||6.9167 Inverse: 0.1446|
US Dollar to the Bolivian Boliviano for the last 10 months
|Jun 2020||Jul 2020||Aug 2020||Sep 2020||Oct 2020||Nov 2020||Dec 2020||Jan 2021||Feb 2021||Mar 2021|
|1 USD =||6.9019 Inverse: 0.1449||6.9057 Inverse: 0.1448||6.8870 Inverse: 0.1452||6.9044 Inverse: 0.1448||6.9049 Inverse: 0.1448||6.8951 Inverse: 0.1450||6.8932 Inverse: 0.1451||6.8849 Inverse: 0.1452||6.9264 Inverse: 0.1444||6.9081 Inverse: 0.1448|
US Dollar to the Bolivian Boliviano for the last 10 years
|Apr 2011||Apr 2012||Apr 2013||Apr 2014||Apr 2015||Apr 2016||Apr 2017||Apr 2018||Apr 2019||Apr 2020|
|1 USD =||7.0104 Inverse: 0.1426||6.9078 Inverse: 0.1448||6.9974 Inverse: 0.1429||6.9246 Inverse: 0.1444||6.9109 Inverse: 0.1447||6.8807 Inverse: 0.1453||6.8872 Inverse: 0.1452||6.9093 Inverse: 0.1447||6.9098 Inverse: 0.1447||6.8935 Inverse: 0.1451|
Market rate for common transfer amounts USD to BOB
|US Dollars (USD)||Bolivian Boliviano (BOB)|
Exchange rates from USD to other currencies
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