The USD/BOB exchange rate fluctuates daily. As of late 2024, the rate hovers near:
1 USD ≈ 6.91 BOB (Bolivian Boliviano)
Note: This is a reference midpoint. Actual rates vary by provider.
Official channels (best rates): Banks (Banco Nacional de Bolivia, BCP, Banco Unión), authorized casas de cambio.
Airport/hotel: Convenient but worse rates (3–5% spread).
ATMs: Withdraw BOB directly (check your bank's foreign fees). Widely available in cities.
Credit cards: Accepted in urban establishments; 2–4% foreign transaction fees typical.
Dual currency economy: USD widely accepted informally (especially tourist areas, large purchases). Carry small USD denominations ($1, $5, $10, $20) in good condition—torn/marked bills rejected.
Black market: Exists but unnecessary; official rate is market-driven since 2011 float.
Counterfeits: Check BOB notes (watermark, security thread, color-shift ink).
Rural areas: Cash (BOB) essential; cards/USD rarely accepted.
Monitor: Banco Central de Bolivia (bcb.gob.bo), XE.com, OANDA, or local bank apps. Rates update intraday.