Does there exist a VEF/USD (Venezuelan bolivar) spot or derivative market on any public exchange?


1 Answer 1


No, because the VEF is officially pegged to the USD at the rate of 6.35:1, so there is no official need for price discovery (which is the purpose of a market).

However, the official rate is not the black market rate, and the reason there's a black market is precisely because there's no regular market.

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