Understanding Bolivia's Exchange Rate Against The Us Dollar

The exchange rate between the US Dollar and the Bolivian Boliviano (BOB) is a popular one. As of September 2024, 1 USD is worth approximately 6.9 BOB, while 1 BOB is worth approximately 0.14 USD. The mid-market rate is used by some currency converters, but this is only for informational purposes and won't be the rate received when sending money.

How to convert US dollars to Bolivian bolivianos

To convert US dollars to Bolivian bolivianos, you'll need to follow a few simple steps. First, you need to look up the current mid-market exchange rate. This is the rate that banks and large financial institutions use when trading large volumes of currency. You can find this information on websites like Xe Currency Converter or Wise. As of September 30, 2024, 1 USD is equal to 6.9129409 Bolivian Bolivianos, according to Xe Currency Converter.

Once you have the mid-market exchange rate, you can do the math to convert your US dollars to Bolivian bolivianos. Multiply the amount of US dollars you have by the exchange rate. For example, if you have $100 USD, you would multiply that by the exchange rate of 6.9129409. This will give you the total amount in Bolivian bolivianos. In this case, it would be 691.294090 BOB.

It's important to note that the mid-market exchange rate is constantly fluctuating, so you'll want to make sure you have the most up-to-date rate before performing your conversion. Additionally, when converting currency, there may be fees or other charges involved, so be sure to factor those into your calculations as well.

Another thing to keep in mind is that the Bolivian boliviano is a relatively stable currency, but it can still experience fluctuations due to various economic factors. Therefore, if you're planning to convert a large sum of money, it's a good idea to track the exchange rate over time to ensure you're getting a favourable rate.

By following these steps and staying informed about the latest exchange rates, you can effectively convert your US dollars to Bolivian bolivianos.

Current USD to BOB exchange rate

As of September 29, 2024, 1 Bolivian boliviano (BOB) is worth 0.14 US Dollars (USD). The currency symbol for the Bolivian boliviano is $b, and the currency code is BOB. The Bolivian boliviano is divided into 100 centavos.

As of September 5, 2024, the exchange rate for the United States Dollar was last updated by the International Monetary Fund. The currency symbol for the United States Dollar is $, and the currency code is USD. The United States Dollar is divided into 100 cents.

The USD to BOB exchange rate has fluctuated over the past 30 and 90 days. As of September 8, 2024, the 30-day average exchange rate was 6.9124 (USD/BOB), with a high of 6.9340 and a low of 6.8910. Over the same period, the 90-day average was 6.9094, with a high of 6.9340 and a low of 6.8815.

Western Union also offers currency conversion for USD to BOB. However, their rates may vary due to several factors, including payment and payout methods.

BOB to USD conversion chart

The Bolivian boliviano (BOB) to US dollar (USD) conversion rate has been relatively stable in the past few months. As of 5 October 2024, 1 BOB is equal to 0.1441 USD.

Mid-Market Rates

The mid-market rate for 1 BOB to USD on 27 July 2024 was 0.14440 USD. A similar rate of 0.144656 USD was observed on 30 September 2024.

Exchange Rate History

Looking at the exchange rate history, on 8 September 2024, $1 USD was equal to 6.897 BOB. The 30-day average exchange rate was 6.9124, with a high of 6.9340 and a low of 6.8910.

Currency Information

The currency code for the Bolivian boliviano is BOB, and the currency symbol is $b. The currency code for the US dollar is USD, and the currency symbol is $.

International Money Transfers

When sending money internationally, it is important to note that you will not receive the mid-market rate. Banks and traditional providers often add extra costs, which are passed on to the customer through marked-up exchange rates. Online currency converters can provide the real mid-market exchange rate, allowing for significant savings on international money transfers.

How to get the best exchange rate

As of 8 September 2024, 1 USD is worth 6.897 BOB. This is the mid-market exchange rate, but you won't get offered this rate when exchanging money. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.

• Compare exchange rates. Even a small difference can save you a lot of money.
• Beware of bad exchange rates. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate.
• Consider using a money transfer company such as Wise, which gives you the real, mid-market, exchange rate.
• Don't exchange money at the airport – these services often have the worst exchange rates and highest fees.
• If you're exchanging a large amount, consider using a broker. They can offer better exchange rates than banks and will guide you through the process.
• Try to use the currency of the country you're in. For example, if you're in Bolivia, use a cash machine to withdraw bolivianos instead of using your bank card, which will likely add fees and offer a worse exchange rate.

What is the currency in Bolivia?

The currency of Bolivia is the boliviano, often abbreviated in financial contexts to BOB. The symbol for the boliviano is Bs, and it is divided into 100 cents or centavos in Spanish. The currency code is BOB, and the currency symbol is $b.

The boliviano was also the name of the currency of Bolivia between 1864 and 1963. The current boliviano was introduced in 1987 at a rate of 1 boliviano = 1,000,000 pesos bolivianos. This was due to rampant inflation, which had rendered the previous currency worthless.

The current exchange rate for US dollars to Bolivian bolivianos is approximately 1 USD = 6.91 BOB. This means that 1 BOB is worth approximately 0.14 USD.

It is possible to exchange US dollars for Bolivian bolivianos at casas de cambio (exchange agencies) or with street money-changers. However, with street money-changers, you will need to negotiate for a preferable rate. It is also a good idea to bring crisp, new bills, as older ones are often inspected and rejected.

ATMs are plentiful in major cities and some small towns, but be sure your ATM card has a 4-digit PIN. Credit cards are also accepted, including Visa, MasterCard, American Express, and Diners Club. However, some merchants and restaurants will add a credit card transaction fee.

Frequently asked questions