Currency exchange rate Venezuelan Bolivar against the Magi. Chart, history price and prediction on tomorrow, next month, 2024 year

On this page, you can always find detailed information about the Venezuelan Bolivar currency exchange rate against the Magi currency:
currency exchange rate history, background information, prediction and more about VEF/XMG

Chart of History of changes in the VEF/XMG exchange rate

VEF/XMG exchange rate on today

06 15, 2020
1 VEF = 4.549786 XMG
▼ -0.7 %

This page provides information about the currency pair Venezuelan Bolivar/Magi, and more precisely about how much 1 Venezuelan Bolivar costs in Magi.

Data on the currency pair VEF/XMG are presented by the world's leading exchanges and Central banks of the countries that issue these currencies. We constantly update this data so that you get only the most up-to-date information about the currency pair VEF/XMG and make a balanced decision about buying and selling the currency you are interested in.

The page also provides information about the dynamics of the exchange rate of Venezuelan Bolivar/Magi, statistics and prediction of the exchange rate of these currencies in the near future from our experts.

How to make a forecast for currencies and cryptocurrencies?

There are several approaches to forecasting the exchange rate of currencies and cryptocurrencies:

  1. Fundamental analysis: This approach involves analyzing economic and financial data to determine the intrinsic value of a currency or cryptocurrency. This can include factors such as interest rates, inflation rates, economic growth, political stability, and fiscal policy. Based on this analysis, investors can make predictions about the future exchange rate.

  2. Technical analysis: This approach involves analyzing past market data, such as price and volume, to identify patterns and trends that can be used to predict future market movements. Technical analysis can be used to identify support and resistance levels, momentum indicators, and other factors that can influence the exchange rate.

  3. Sentiment analysis: This approach involves analyzing market sentiment and investor behavior to predict future market movements. Sentiment analysis can include monitoring social media, news articles, and other sources of market sentiment to gauge investor sentiment and predict market movements.

  4. Machine learning: This approach involves using statistical models and machine learning algorithms to analyze vast amounts of market data and make predictions about future market movements. Machine learning can be used to identify patterns and relationships in market data that might not be visible to the human eye.

In summary, there are several approaches to forecasting the exchange rate of currencies and cryptocurrencies, including fundamental analysis, technical analysis, sentiment analysis, and machine learning. Each approach has its strengths and weaknesses, and investors may use a combination of approaches to make more accurate predictions about future market movements.

Change in the VEF/XMG exchange rate over the past 30 days

For the last 30 days (05 17, 2020 — 06 15, 2020) the Venezuelan Bolivar exchange rate against the Magi currency changed by -12.93% (5.225567 XMG — 4.549786 XMG)

Change in the VEF/XMG exchange rate over the past 90 days

For the last 90 days (04 10, 2020 — 06 15, 2020) the Venezuelan Bolivar exchange rate against the Magi currency changed by -29.53% (6.456558 XMG — 4.549786 XMG)

Change in the VEF/XMG exchange rate over the past 365 days

For the last 365 days (04 10, 2020 — 06 15, 2020) the Venezuelan Bolivar exchange rate against the Magi currency changed by -29.53% (6.456558 XMG — 4.549786 XMG)

Change in the VEF/XMG exchange rate for all time

For all the time our site has been running (04 10, 2020 — 06 15, 2020) the Venezuelan Bolivar exchange rate against the Magi currency changed by -29.53% (6.456558 XMG — 4.549786 XMG)

Venezuelan Bolivar/Magi price prediction

Venezuelan Bolivar/Magi price prediction for the next 30 days*

12/06 4.550196 XMG ▲ 0.01 %
13/06 4.335163 XMG ▼ -4.73 %
14/06 4.120081 XMG ▼ -4.96 %
15/06 4.102514 XMG ▼ -0.43 %
16/06 4.09825 XMG ▼ -0.1 %
17/06 4.110955 XMG ▲ 0.31 %
18/06 4.117101 XMG ▲ 0.15 %
19/06 4.117819 XMG ▲ 0.02 %
20/06 4.119531 XMG ▲ 0.04 %
21/06 4.107654 XMG ▼ -0.29 %
22/06 3.857893 XMG ▼ -6.08 %
23/06 4.14027 XMG ▲ 7.32 %
24/06 4.073405 XMG ▼ -1.61 %
25/06 4.071056 XMG ▼ -0.06 %
26/06 4.069175 XMG ▼ -0.05 %
27/06 4.0819 XMG ▲ 0.31 %
28/06 3.939118 XMG ▼ -3.5 %
29/06 4.060584 XMG ▲ 3.08 %
30/06 4.031256 XMG ▼ -0.72 %
01/07 4.017191 XMG ▼ -0.35 %
02/07 4.027938 XMG ▲ 0.27 %
03/07 4.026475 XMG ▼ -0.04 %
04/07 3.980047 XMG ▼ -1.15 %
05/07 3.915869 XMG ▼ -1.61 %
06/07 3.913917 XMG ▼ -0.05 %
07/07 3.921211 XMG ▲ 0.19 %
08/07 3.949655 XMG ▲ 0.73 %
09/07 3.955139 XMG ▲ 0.14 %
10/07 3.957118 XMG ▲ 0.05 %
11/07 3.956354 XMG ▼ -0.02 %

* — Price prediction of the Venezuelan Bolivar/Magi currency pair are compiled by our specialists based on statistical data, global trends and major business news. Price prediction for 30 days, 3 months, and a year are made by different experts and may have slight differences.

Venezuelan Bolivar/Magi price prediction for the next 3 months*

17/06 — 23/06 4.633305 XMG ▲ 1.84 %
24/06 — 30/06 4.467377 XMG ▼ -3.58 %
01/07 — 07/07 4.200829 XMG ▼ -5.97 %
08/07 — 14/07 3.377394 XMG ▼ -19.6 %
15/07 — 21/07 3.299327 XMG ▼ -2.31 %
22/07 — 28/07 3.506861 XMG ▲ 6.29 %
29/07 — 04/08 3.376791 XMG ▼ -3.71 %
05/08 — 11/08 3.309695 XMG ▼ -1.99 %
12/08 — 18/08 3.247138 XMG ▼ -1.89 %
19/08 — 25/08 3.238477 XMG ▼ -0.27 %

Venezuelan Bolivar/Magi price prediction for the next year*

07/2024 3.968701 XMG ▼ -12.77 %
08/2024 3.36867 XMG ▼ -15.12 %
09/2024 3.289696 XMG ▼ -2.34 %

Venezuelan Bolivar/Magi exchange rate statistics

For 30 days
Minimum 4.521404 XMG
Maximum 5.229766 XMG
Weighted Average 4.67261 XMG
For 90 days
Minimum 4.521404 XMG
Maximum 6.640875 XMG
Weighted Average 5.206806 XMG
For 365 days
Minimum 4.521404 XMG
Maximum 6.640875 XMG
Weighted Average 5.206806 XMG

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Our expert

All forecasts on our website are made by our professional financial experts. Here are just a few of them:

Anthony Carter Anthony Carter CEO, lead analyst
David Bailey David Bailey Managing Director, Director of research Department
Anthony Glenn Anthony Glenn Deputy head of analytical Department
Joseph Hensley Joseph Hensley Senior analyst, markets and equities Department