Value of Bs. 1 from 2005 to 2002
Bs. 1 in 2005 is equivalent in purchasing power to about Bs. 0.54 in 2002, a difference of Bs. -0.46 over 3 years. The bolivar had an average inflation rate of 22.78% per year between 2002 and 2005, producing a cumulative price increase of -45.97%.
This means that prices in 2002 are 45.97% lower than average prices in 2005, according to the International Monetary Fund consumer price index.
The inflation rate in 2002 was 22.40%. The inflation rate in 2005 was 16.00%. The 2005 inflation rate is lower compared to the average inflation rate of 228.62% per year between 2005 and 2021.
Contents
⌃
| Cumulative price change | -45.97% |
| Average inflation rate | 22.78% |
|
Converted amount
Bs. 1 base | Bs. 0.54 |
|
Price difference
Bs. 1 base | Bs. -0.46 |
| CPI in 2005 | 91,962.730 |
| CPI in 2002 | 49,689.039 |
| Inflation in 2002 | 22.40% |
| Inflation in 2005 | 16.00% |
| Bs. 1 in 2005 | Bs. 0.54 in 2002 |
Buying power of Bs. 1 in 2002
This chart shows a calculation of buying power equivalence for Bs. 1 in 2002 (price index tracking began in 1979).
For example, if you started with Bs. 1, you would need to end with Bs. 0.54 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Bs. 1 is equivalent to Bs. 0.54 over time, that means that the "real value" of a single Venezuelan bolivar decreases over time. In other words, a bolivar will pay for fewer items at the store.
This effect explains how inflation erodes the value of a bolivar over time. By calculating the value in 2002 dollars, the chart below shows how Bs. 1 is worth less over 3 years.
According to the International Monetary Fund, each of these VEF amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 2002 amounts in 2005 bolivars, based on the -45.97% change in prices:
| Initial value | Equivalent value |
|---|---|
| Bs. 1 bolivar in 2002 | Bs. 1.85 bolivars in 2005 |
| Bs. 5 bolivars in 2002 | Bs. 9.25 bolivars in 2005 |
| Bs. 10 bolivars in 2002 | Bs. 18.51 bolivars in 2005 |
| Bs. 50 bolivars in 2002 | Bs. 92.54 bolivars in 2005 |
| Bs. 100 bolivars in 2002 | Bs. 185.08 bolivars in 2005 |
| Bs. 500 bolivars in 2002 | Bs. 925.38 bolivars in 2005 |
| Bs. 1,000 bolivars in 2002 | Bs. 1,850.76 bolivars in 2005 |
| Bs. 5,000 bolivars in 2002 | Bs. 9,253.82 bolivars in 2005 |
| Bs. 10,000 bolivars in 2002 | Bs. 18,507.65 bolivars in 2005 |
| Bs. 50,000 bolivars in 2002 | Bs. 92,538.25 bolivars in 2005 |
| Bs. 100,000 bolivars in 2002 | Bs. 185,076.49 bolivars in 2005 |
| Bs. 500,000 bolivars in 2002 | Bs. 925,382.46 bolivars in 2005 |
| Bs. 1,000,000 bolivars in 2002 | Bs. 1,850,764.92 bolivars in 2005 |
How to calculate inflation rate for Bs. 1, 2002 to 2005
Our calculations use the following inflation rate formula to calculate the change in value between 2002 and 2005:
CPI in 2002CPI in 2005
×
2005 VEF value
=
2002 VEF value
Then plug in historical CPI values. The Venezuelan CPI was 91962.73017 in the year 2005 and 49689.03894 in 2002:
49689.0389491962.73017
×
Bs. 1
=
Bs. 0.54
Bs. 1 in 2005 has the same "purchasing power" or "buying power" as Bs. 0.54 in 2002.
To get the total inflation rate for the 3 years between 2002 and 2005, we use the following formula:
CPI in 2002 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (3 years)
Plugging in the values to this equation, we get:
49689.03894 - 91962.7301791962.73017
×
100
=
-46%
Frequently asked questions
How much is Bs. 1 from 2005 worth in 2002?
Bs. 1 in 2005 has about the same buying power as Bs. 0.54 in 2002, based on the consumer price index published by the International Monetary Fund. Prices in 2002 are 45.97% lower than they were in 2005.
What was the inflation rate in 2002?
The Venezuelan inflation rate in 2002 was 22.40%, measured as the change in the consumer price index from 2001 to 2002. See inflation in 2002 for more detail.
What has the average inflation rate been from 2002 to 2005?
Prices rose by an average of 22.78% per year between 2002 and 2005, a cumulative increase of 85.08%. Because inflation compounds, these yearly changes add up over 3 years.
How is this calculated?
Divide the CPI in 2002 (49,689.039) by the CPI in 2005 (91,962.73), then multiply by the original amount: 49,689.039 ÷ 91,962.73 × Bs. 1 = Bs. 0.54. See the step-by-step formula above.
Data source & citation
Raw data for these calculations comes from the government of Venezuela's annual (CPI) as provided by the International Monetary Fund.
You may use the following MLA citation for this page: “Bs. 1 in 2005 → 2002 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/venezuela/inflation/2005?amount=1&endYear=2002.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | -45.97% |
| Average inflation rate | 22.78% |
|
Converted amount
Bs. 1 base | Bs. 0.54 |
|
Price difference
Bs. 1 base | Bs. -0.46 |
| CPI in 2005 | 91,962.730 |
| CPI in 2002 | 49,689.039 |
| Inflation in 2002 | 22.40% |
| Inflation in 2005 | 16.00% |
| Bs. 1 in 2005 | Bs. 0.54 in 2002 |