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USD/Venezuelan Bolivar Update: Subtle Shift and Long-Term Projections

USD/Venezuelan Bolivar Update: Subtle Shift and Long-Term Projections

The USD/Venezuelan Bolivar (USDVES) experienced a minor increase of 0.0007 or 0.00%, reaching a rate of 36.8051 on Thursday, Stember 26, up from 36.8044 in the previous trading session.

Historically, the USDVES has seen dramatic fluctuations, peaking at an all-time high of 4,171,327.50 in Stember 2021.

Looking ahead, analysts and global macro models predict that the Venezuelan Bolivar is likely to trade at approximately 36.63 by the end of this quarter. Furthermore, projections indicate a slight increase to 36.76 over the next twelve months.