Bs. 1 in 2005 is worth Bs. 0.86 in 2004

Bs.

Value of Bs. 1 from 2005 to 2004

Bs. 1 in 2005 is equivalent in purchasing power to about Bs. 0.86 in 2004. The bolivar had an average inflation rate of 16.00% per year between 2004 and 2005, producing a cumulative price increase of -13.79%.

This means that prices in 2004 are 13.79% lower than average prices in 2005, according to the International Monetary Fund consumer price index.

The inflation rate in 2004 was 21.70%. 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.

⌃
Inflation from 2005 to 2004
Average inflation rate 16.00%
Converted amount
Bs. 1 base		 Bs. 0.86
Price difference
Bs. 1 base		 Bs. -0.14
CPI in 2005 91,962.730
CPI in 2004 79,278.216
Inflation in 2004 21.70%
Inflation in 2005 16.00%
Bs. 1 in 2005 Bs. 0.86 in 2004
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 2004 to 2005

Our calculations use the following inflation rate formula to calculate the change in value between 2004 and 2005:

CPI in 2004CPI in 2005
×
2005 VEF value
=
2004 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 91962.73017 in the year 2005 and 79278.21567 in 2004:

79278.2156791962.73017
×
Bs. 1
=
Bs. 0.86

Bs. 1 in 2005 has the same "purchasing power" or "buying power" as Bs. 0.86 in 2004.

To get the total inflation rate for the 1 years between 2004 and 2005, we use the following formula:

CPI in 2004 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

79278.21567 - 91962.7301791962.73017
×
100
=
-14%

Frequently asked questions

How much is Bs. 1 from 2005 worth in 2004?

Bs. 1 in 2005 has about the same buying power as Bs. 0.86 in 2004, based on the consumer price index published by the International Monetary Fund. Prices in 2004 are 13.79% lower than they were in 2005.

What was the inflation rate in 2004?

The Venezuelan inflation rate in 2004 was 21.70%, measured as the change in the consumer price index from 2003 to 2004. See inflation in 2004 for more detail.

What has the average inflation rate been from 2004 to 2005?

Prices rose by an average of 16.00% per year between 2004 and 2005, a cumulative increase of 16.00%.

How is this calculated?

Divide the CPI in 2004 (79,278.216) by the CPI in 2005 (91,962.73), then multiply by the original amount: 79,278.216 ÷ 91,962.73 × Bs. 1 = Bs. 0.86. 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 → 2004 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/venezuela/inflation/2005?amount=1&endYear=2004.

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.

Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 2005 to 2004
Average inflation rate 16.00%
Converted amount
Bs. 1 base		 Bs. 0.86
Price difference
Bs. 1 base		 Bs. -0.14
CPI in 2005 91,962.730
CPI in 2004 79,278.216
Inflation in 2004 21.70%
Inflation in 2005 16.00%
Bs. 1 in 2005 Bs. 0.86 in 2004