AUD to VEF Exchange Rate - Convert Australian Dollar to Venezuelan Bolivar Fuerte

Converting from Australian Dollar (AUD) to Venezuelan Bolivar Fuerte (VEF)

What is Australian Dollar (AUD)

The Australian Dollar (AUD) is the official currency of Australia, as well as several other territories, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is represented by the symbol "$" and is subdivided into 100 cents. The AUD is one of the most traded currencies in the world, and it is often referred to as the "Aussie."

The currency was introduced in 1966, replacing the Australian Pound at a value of 2 AUD for every 1 AUD. This switch was part of a broader effort to simplify the financial system and align with decimal currencies globally. The Reserve Bank of Australia (RBA) is responsible for issuing the currency and controlling its supply.

The Australian economy is known for its wealth in natural resources, ranging from minerals to agricultural products. This resource-rich background has made the AUD a popular choice for international traders, particularly in commodities markets. Additionally, the AUD is considered a "risk-on" currency, meaning it tends to rise in value when investors are optimistic about global economic growth and fall when uncertainty prevails.

Exchange rates for AUD can fluctuate significantly based on a variety of factors, including interest rates, economic reports, and global market trends. This volatility presents both opportunities and risks for traders and travelers alike.

What is Venezuelan Bolivar Fuerte (VEF)

The Venezuelan Bolivar Fuerte (VEF) was the official currency of Venezuela until 2018, where it was replaced by the Sovereign Bolivar (VES) as part of the government's efforts to stabilize the country’s struggling economy. The Bolivar Fuerte was introduced in 2008 at a rate of 1,000 to 1 from the old Bolivar, aimed at combating hyperinflation and devaluation.

During its existence, the VEF faced significant challenges. Venezuela's economy was heavily influenced by oil revenues, leading to high inflation rates and currency devaluations. By 2018, the country was in the midst of an economic crisis fueled by these issues, leading to the creation of the Sovereign Bolivar.

Despite its short lifespan, the Bolivar Fuerte represented a crucial period in Venezuela's economic history, reflecting the profound impact of resource dependency and economic mismanagement. The currency was often rendered nearly worthless as hyperinflation took hold, with prices for everyday goods rising exponentially.

While the VEF is no longer in use, understanding its history can provide insights into the ongoing economic challenges in Venezuela. It serves as a stark reminder of how economies can be affected by mismanagement and reliance on volatile resources.

In conclusion, converting between the Australian Dollar and the Venezuelan Bolivar Fuerte is a reflection of the contrasting economic landscapes in Australia and Venezuela. Understanding both currencies gives insight into the complexities of international finance and the global marketplace.

Australian Dollar to Venezuelan Bolivar Fuerte conversion table

AUD to VEF conversion table

Australian Dollar (AUD)Venezuelan Bolivar Fuerte (VEF)
1 AUD5 956 871.34837257255 VEF
2 AUD11 913 742.69674514509 VEF
3 AUD17 870 614.04511771764 VEF
4 AUD23 827 485.39349029018 VEF
5 AUD29 784 356.74186286273 VEF
6 AUD35 741 228.09023543527 VEF
7 AUD41 698 099.43860800782 VEF
8 AUD47 654 970.78698058036 VEF
9 AUD53 611 842.13535315291 VEF
10 AUD59 568 713.48372572545 VEF
100 AUD595 687 134.83725725454 VEF
200 AUD1 191 374 269.67451450908 VEF
300 AUD1 787 061 404.51177176362 VEF
400 AUD2 382 748 539.34902901816 VEF
500 AUD2 978 435 674.1862862727 VEF
600 AUD3 574 122 809.02354352724 VEF
700 AUD4 169 809 943.86080078178 VEF
800 AUD4 765 497 078.69805803632 VEF
900 AUD5 361 184 213.53531529086 VEF
1 000 AUD5 956 871 348.3725725454 VEF
2 000 AUD11 913 742 696.7451450908 VEF
5 000 AUD29 784 356 741.862862727 VEF
10 000 AUD59 568 713 483.72572545399 VEF
20 000 AUD119 137 426 967.45145090798 VEF
50 000 AUD297 843 567 418.62862726996 VEF
100 000 AUD595 687 134 837.25725453991 VEF
Last updated May 13, 2025 at 06:55 AM