Caracas – The Central Bank of Venezuela (BCV) announced today, February 23, 2026, that the official exchange rate is set at 405.3518 Bolívares per US dollar. This represents an increase of 3.0175 Bolívares, or 0.75%, compared to the previous trading day. The rate is calculated as a weighted average of daily operations conducted by participating banking institutions, according to the BCV.
The publication of this official exchange rate aims to provide a benchmark for Venezuela’s currency market. Monitoring these daily updates is crucial for understanding the evolution of the official exchange rate, particularly within the context of the country’s complex economic landscape. The BCV’s role is to offer transparency and a reference point for financial operations, price setting, and economic planning.
The annual accumulated variation in the exchange rate has reached +107.2087 Bolívares, representing a 35.9588% increase. Compared to February 24, 2025, the increase is even more significant, at +341.9379 Bolívares, or 539.216%. Last year, on the same date, the annual accumulated variation was +22.1036% according to the BCV.
Current Exchange Rates for Major Currencies
Beyond the US dollar, the BCV also publishes reference rates for other major currencies. As of February 23, 2026, the exchange rates are as follows: Euro (EUR) at 476.70587735 Bolívares, Chinese Yuan (CNY) at 58.67860451 Bolívares, Turkish Lira (TRY) at 9.2462055 Bolívares, and Russian Ruble (RUB) at 5.27527069 Bolívares. These rates provide a broader view of the Bolivar’s performance against key international currencies.
Banking Sector Rates on February 20, 2026
While the BCV provides the official reference rate, individual banks offer varying exchange rates. Data from February 20, 2026, shows the following buy and sell rates (Bs/USD):
- BBVA Provincial: Buy 438.5496, Sell 498.3161
- Banesco: Buy 439.2699, Sell 456.1462
- Banco Nacional de Crédito BNC: Buy 417.3635, Sell 434.5419
- Banco Mercantil: Buy 458.7974, Sell 498.5353
- R: Buy 456.5909, Sell 520.8389
- Other Institutions: Buy 417.4658, Sell 424.8063
These rates demonstrate the range of options available to individuals and businesses exchanging currency within Venezuela. Finanzas Digital reports that the BCV rate increase is relatively small, indicating a period of stability in the official exchange market.
Context and Recent Trends
The slight increase in the official exchange rate comes after a period of relative stability, even during the Carnival holiday. Costa del Sol FM notes that the market has seen increased currency offerings, particularly through sales to individuals via the banking system. The BCV’s rate is determined by the weighted average of these transactions.
The BCV’s efforts to provide a clear and consistent exchange rate are part of a broader strategy to manage Venezuela’s economic challenges. The official rate serves as a reference for commercial transactions, public sector operations, and private payments within the country.
Looking ahead, continued monitoring of the BCV’s daily updates will be essential for businesses and individuals navigating Venezuela’s financial landscape. The BCV will continue to publish these rates as a key component of its monetary policy.
Disclaimer: This article provides informational purposes only and should not be considered financial advice.
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