Bitcoin exchange volume Venezuela Week 02/04 /2019- 02/ 04/2019 = 2485 BTC
Equivalent to: VES 24,344,000,000 (Bolívares Soberanos) or VEF 2,434,400,000,000,000 (Bolívares Fuertes)
Average Price per Bitcoin: BTC / VES: 9,796,563.26 ( Bolivares Soberanos) or BTC / VEF: 979,656,326,000 (Bolivares Fuertes)
Average price of Bitcoin BTC / USD: $ 3618,466
It is with these data that the calculation of the VES / USD exchange rate is made, by dividing the Bitcoin price in Bolivares between the price of the Cryptocurrency in USD
Implicit Average VES / $: 9,796,563.26 / 3618,466 = 2707.38 VES / $
This means that in terms of dollars, the localbitcoin Venezuela market had a volume of: USD 8,991,718.93, higher than the United States Market in localbitcoin where USD 8,435,655.00 were exchanged.
In terms of bitcoin Venezuela was surpassed only by Russia in exchange volume, with 3853 BTC
RE: Trading volumes on LocalBitcoins