Caracas – The Central Bank of Venezuela (BCV) reported a slight increase in the official exchange rate on February 23, 2026, settling at 405.3518 Bolivars per US dollar. This represents an increase of 3.0175 Bolivars, or 0.75%, compared to the previous day’s rate, according to the BCV. The rate is calculated as a weighted average of daily operations conducted by participating banking institutions. Understanding the BCV exchange rate is crucial for businesses and individuals in Venezuela navigating the country’s complex economic landscape.
The BCV publishes this rate to provide an official reference point for the Venezuelan foreign exchange market. Monitoring these daily updates is essential for comprehending the evolution of the official exchange rate and its impact on the broader economy. The recent uptick reflects ongoing economic pressures and the BCV’s efforts to manage currency fluctuations.
Annual Exchange Rate Trends
Looking at the broader picture, the accumulated annual variation of the exchange rate stands at +107.2087 Bolivars, representing a 35.9588% increase over the year. Compared to February 24, 2025, the increase is even more significant, at +341.9379 Bolivars, or 539.216%. This substantial year-over-year change underscores the volatility of the Venezuelan Bolivar and the challenges faced by the nation’s financial system.
On February 23, 2025, the accumulated annual variation was +22.1036%, demonstrating a considerable acceleration in the rate of currency devaluation over the past year. The “fecha valor” – the settlement date – for this rate is Monday, February 23, 2026.
Exchange Rates with Major Currencies
Beyond the US dollar, the BCV also publishes exchange rates for other key currencies. As of February 23, 2026, the rates were as follows:
- Euro (EUR): 476.70587735 Bs
- Chinese Yuan (CNY): 58.67860451 Bs
- Turkish Lira (TRY): 9.2462055 Bs
- Russian Ruble (RUB): 5.27527069 Bs
Bank-Specific Exchange Rates
Although the BCV provides the official reference rate, individual banks offer slightly different rates for buying and selling US dollars. Data from February 20, 2026, shows the following:
| Bank | Compra (Buy) | Venta (Sell) |
|---|---|---|
| BBVA Provincial | 438.5496 | 498.3161 |
| Banesco | 439.2699 | 456.1462 |
| Banco Nacional de Crédito BNC | 417.3635 | 434.5419 |
| Banco Mercantil | 458.7974 | 498.5353 |
| R4 | 566.5909 | 520.8389 |
| Otras Instituciones | 417.4658 | 424.8063 |
These variations reflect each bank’s individual risk assessment and market conditions. Individuals and businesses are advised to compare rates across different institutions to secure the most favorable exchange.
Historical BCV Exchange Rate Data
For those seeking a comprehensive view of the BCV’s exchange rate history, the bank provides a detailed record of daily closing rates. Interested parties can consult the daily exchange rate on the Finanzas Digital website. Comparative data for the dollar’s performance across Latin America and globally is also available through the same source. A comparison of the dollar’s rate in Latin America and the dollar’s rate by country can provide valuable context.
The BCV exchange rate serves as a critical benchmark for financial operations, price setting, and economic planning within Venezuela. Staying informed about these daily updates is vital for making sound financial decisions in the current economic climate. The BCV’s role in managing the exchange rate remains central to Venezuela’s economic stability.
The next official update from the BCV is expected on February 24, 2026. Readers can stay informed by regularly checking the BCV’s official website and reputable financial news sources for the latest developments.
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