USDVES Price, Chart, Live Rate and Forecast -Markets.com

USDVES

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Analysis and statistics

Open
142.3445$
Previous Close
142.3445$
52 Week Change
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Day Range
0.00$
52 Week High/Low
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Dividend Per Share
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Market cap
--$
EPS
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Beta
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Volume
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About

The financial product symbol USDVES.FOREX likely refers to a currency pair related to the exchange rate between the United States Dollar (USD) and the Venezuelan Bolívar Soberano (VES), operating within the foreign exchange (FOREX) market. However, it's crucial to note that Venezuela has undergone multiple currency re-denominations, so the specific exchange rate referenced by VES might depend on when the symbol was in use, considering older Bolívar denominations. Further, this currency pair might not be actively traded or tracked by major financial data providers due to Venezuela's economic instability and currency controls.

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Factors

Economic Indicators: Venezuelan inflation, GDP, and unemployment influence VES demand.

Political Instability: Political turmoil in Venezuela significantly impacts investor confidence and VES value.

Oil Prices: Venezuela's reliance on oil exports means global oil prices heavily affect its currency.

US Dollar Strength: Increased USD demand globally weakens VES relative to the USD.

Government Policies: Venezuelan government's currency controls and economic policies are crucial determinants.

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