The Bolivian Balo: Understanding Exchange Rates

The Bolivian boliviano is the official currency in Bolivia, denoted by the code BOB and the symbol $b. As of September 29, 2024, 1 BOB is worth 0.144734 USD. This exchange rate has likely fluctuated since then, and other sources suggest that the rate was 0.144656 USD per BOB on September 30, 2024. The Bolivian boliviano is divided into 100 centavos.

BOB to USD conversion rate

The Bolivian boliviano is the official currency in Bolivia, denoted by the symbol Bs and the currency code BOB. The US Dollar is the official currency in the United States of America, denoted by the symbol $ and the currency code USD. As of 5 October 2024, 1 BOB is worth 0.1441 USD.

Currency Conversion Rates

The currency converter on xe.com provides the mid-market rate for informational purposes. It is important to note that you will not receive this rate when sending money. On 29 September 2024, 1.00 Bolivian Boliviano was equal to 0.1441971 US Dollars. On the same website but a few days earlier, on 27 July 2024, 1.00000 BOB was equal to 0.14440 USD.

Country Information

The Bolivian boliviano is the currency in Bolivia, whereas the US Dollar is used in American Samoa, the British Virgin Islands, El Salvador, Guam, the Marshall Islands, the Northern Mariana Islands, Palau, Puerto Rico, the United States, the Turks and Caicos Islands, the Virgin Islands, and Timor-Leste, among others.

Currency Divisions

The Bolivian boliviano is divided into 100 centavos, while the US Dollar is divided into 100 cents.

USD to BOB conversion rate

The Bolivian boliviano is the official currency in Bolivia, denoted by the symbol Bs and the currency code BOB. The US dollar is the official currency in the United States of America, denoted by the symbol $ and the currency code USD. As of 30 September 2024, 1 USD is worth 6.9129409 Bolivian bolivianos, and 1 BOB is worth 0.144656 USD.

Currency Conversion

The conversion rate between the two currencies varies over time. For example, on 5 June 2023, the exchange rate was 148,412.59 BOB to 1 USD, while on 5 September 2024, it was 673,797.3 USD to 1 BOB.

Currency Conversion Calculators

There are several online currency conversion calculators available, such as those provided by Xe and CoinMill, which allow users to convert between various currencies, including USD and BOB. These tools use live mid-market rates and are typically reliable and easy to use.

Sending Money

When sending money between these two currencies, it is important to note that the exchange rate offered by money transfer services will differ from the mid-market rate due to varying transfer fees and other factors. Services like Western Union allow users to send money from USD to BOB through their app, online, or in person at an agent location.

BOB currency code

The currency code BOB refers to the Bolivian boliviano, the national currency of Bolivia. The boliviano is issued and overseen by Bolivia's central bank, the Banco Central de Bolivia, which disseminates the currency in both coin and banknote formats.

The boliviano is comprised of 100 subunits, called centavos. Coins come in denominations of 10, 20, and 50 centavos, as well as 1, 2, and 5 bolivianos. Banknotes feature denominations of 10, 20, 50, 100, and 200 bolivianos.

The history of the Bolivian boliviano is quite complex, with several different currencies sharing the same name. The first boliviano was introduced in 1864 and was worth eight soles, the previous currency of Bolivia. This initial version of the boliviano was replaced in 1963 by the peso boliviano, which was worth 1,000 first bolivianos. However, due to continued inflationary pressures, the peso boliviano was replaced by the modern boliviano in 1987. This current version of the boliviano is the most recent in a series of Bolivian currencies to carry that name.

Since 1987, the central bank has allowed the boliviano to float freely against other currencies. The government has also targeted inflation through partial privatisation of public-sector businesses and legislative policymaking designed to promote private investment. As a result, the Bolivian boliviano has remained relatively stable, with a fixed exchange rate of 6.86 bolivianos to 1 US dollar since November 2011. As of September 2024, the exchange rate is 6.91 bolivianos to 1 US dollar.

BOB currency symbol

The currency symbol for the Bolivian boliviano is $b. The boliviano is the national currency of Bolivia and its ISO 4217 code is BOB.

The current version of the currency was introduced in 1987, but previous versions of the boliviano have existed since 1864. The boliviano is issued and overseen by Bolivia's central bank, the Banco Central de Bolivia, which disseminates the currency in both coin and banknote formats.

The boliviano is comprised of 100 subunits, called centavos. Boliviano coins come in denominations of 10, 20, and 50 centavos, as well as 1, 2, and 5 bolivianos. Banknotes feature denominations of 10, 20, 50, 100, and 200 bolivianos.

The Bolivian boliviano is the most popular exchange rate from Bolivian currency to US dollars.

BOB currency division

The Bolivian boliviano (BOB) is the official currency of Bolivia. As of 30 September 2024, 1 BOB is worth 0.144656 USD. The symbol for the Bolivian boliviano is $b, and it can also be written as Bs. The boliviano is divided into 100 centavos.

The word "bob" has also been used as slang for a monetary value of several shillings in British currency. The first recorded use of "bob" in this context was in a case of coining heard at the Old Bailey in 1789, where it was described as "cant, well understood among a certain set of people".

Prior to decimalisation in 1971, the British used the Carolingian monetary system ("£sd"), in which the pound (£) was divided into 20 shillings (s), and one shilling was equal to 12 pence (d). Although the coin was not minted until the 16th century, the value of a shilling had been used for accounting purposes since the early medieval period. The Normans set the value of one shilling as 12 pence following the conquest of England in 1066.

Shillings were minted during the reigns of every English monarch after Edward VI and circulated until 1990. The coin was made from silver from its introduction in or around 1503 until 1946 and thereafter in cupronickel.

Frequently asked questions