Margarita Island Guide - The ultimate guide to information and resources for those travelling to Margarita Island, Venezuela and surrounding areas - Margarita, Island, walters, walter, guide, travel information, resources, vacation, Margarita Island, Venezuela, Travel, Tour, Safari, Beach, Hotels, Resorts, margarita island, carribean, angel falls, falls, angel, angel's, canaima, margarita island.

Margarita Island Guide - the ultimate guide to information and resources for those travelling to Margarita Island, Venezuela nd surrounding areas. Travel, venezuela, margarita, island, carribbean, ocean, beach, venezuela, angel, falls, canaima

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Bolivar Exchange Rate

There is an Official Exchange Rate, valid among others for credit card and debit card purchases.
Rate today December 2007 -   one US$.......Bolivares 2.150
But.... when you bring US$ in cash you will find a Parallel Market which can provide much higher exchange rates..
For current parallel market rates Click Here. Rate listed for Dolar Callejero is approximate Street Rate. Do not exchange money with strangers on the street. Exchange locations can't be recommended but they can easily be found. Just ask around after you arrive.
If you intend to exchange US currency then large denominations of $50 and $100 are highly recommended.
Also, use local currency for tipping. Do not use small US bills. Recipients of these bills will not be able to exchange them for bolivares..