[Scheduled] Redenomination of Venezuelan Bolívar (VEF) to Bolívar Soberano (VES) on 20th August 2018

Scheduled Maintenance Report for Open Exchange Rates

Completed

The scheduled maintenance has been completed.

Posted Aug 20, 2018 - 23:59 UTC

In progress

Scheduled maintenance is currently in progress. We will provide updates as necessary.

Posted Aug 20, 2018 - 00:00 UTC

Scheduled

Dear clients,

The redenomination of the Venezuelan Bolívar (ISO 4217 symbol: "VEF") to the Venezuelan Bolívar Soberano (ISO 4217 symbol: "VES") is scheduled to go into effect on 20th August, 2018. The conversion rate is 100,000 (old) Bolívar to 1 (new) Bolívar Soberano (100,000:1).

We will begin providing rate updates for the new Bolívar from this date, both in our Latest and Historical API endpoints, under the ISO 4217 symbol "VES".

There will not be any API downtime or maintenance period associated with this change.

We will continue to provide rates for the old Bolivar (VEF), according to the official exchange rate between the two, until further notice. This is intended to prevent disruption to clients that rely on the VEF value being available, however we advise affected clients to update their systems to the new rate as soon as possible.

For more information about this redenomination, please refer to the ISO 4217 amendment documents below:

– https://www.currency-iso.org/dam/downloads/dl_currency_iso_amendment_166.pdf
– https://www.currency-iso.org/dam/downloads/dl_currency_iso_amendment_167.pdf
– https://www.currency-iso.org/dam/downloads/dl_currency_iso_amendment_168.pdf

Further information:

– https://en.wikipedia.org/wiki/Venezuelan_bol%C3%ADvar#Bol%C3%ADvar_soberano

If you would like to speak to us about these changes, or have any questions or concerns, please contact support@openexchangerates.org and we’ll be happy to help.

Kind regards,
Open Exchange Rates Team

Posted Aug 16, 2018 - 13:04 UTC

This scheduled maintenance affected: Exchange Rate API.