# \$100 in 2010 is worth \$5,767,638,140,618.89 today

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## Why a bolivar today is worth much less than a bolivar in 2010

Updated: November 10, 2021

\$100 in 2010 is equivalent in purchasing power to about \$5,767,638,140,618.89 today, an increase of \$5,767,638,140,518.89 over 10 years. The bolivar had an average inflation rate of 1,091.52% per year between 2010 and today, producing a cumulative price increase of 5,767,638,140,518.89%.

This means that today's prices are 57,676,381,406.19 times higher than average prices since 2010, according to the International Monetary Fund consumer price index. A bolivar today only buys NaN% of what it could buy back then.

The 2010 inflation rate was 28.20%. The current year-over-year inflation rate (2019 to 2020) is now 0.00%1. If this number holds, the rate of inflation is so negligible that \$100 today will roughly maintain its value.

 Cumulative price change 5,767,638,140,518.89% Average inflation rate 1,091.52% Converted amount (\$100 base) \$5,767,638,140,618.89 Price difference (\$100 base) \$5,767,638,140,518.89 CPI in 2010 263,437.123 CPI in 2020 15,194,100,000,000,000.000 Inflation in 2010 28.20% Inflation in 2020 0.00% \$100 in 2010 \$5,767,638,140,618.89 in 2020

VEF Inflation since 1979
Annual Rate, the International Monetary Fund CPI

## Buying power of \$100 in 2010

This chart shows a calculation of buying power equivalence for \$100 in 2010 (price index tracking began in 1979).

For example, if you started with \$100, you would need to end with \$5,767,638,140,618.89 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$5,767,638,140,618.89 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 2010 dollars, the chart below shows how \$100 is worth less over 10 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:

Bolivar inflation: 2010-2020
Year Bolivar Value Inflation Rate
2010 \$100.00 28.20%
2011 \$126.10 26.10%
2012 \$152.71 21.10%
2013 \$219.13 43.50%
2014 \$344.70 57.30%
2015 \$730.07 111.80%
2016 \$2,587.38 254.40%
2017 \$30,725.09 1,087.50%
2018 \$420,964,435.72 1,370,000.00%
2019 \$5,767,638,140,618.89 1,370,001.05%
2020 \$5,767,638,140,618.89 0.00%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 4 more rows

This conversion table shows various other 2010 amounts in today's bolivars, based on the 5,767,638,140,518.89% change in prices:

Conversion: 2010 bolivars today
Initial value Equivalent value
\$1 bolivar in 2010 \$57,676,381,406.19 bolivars today
\$5 bolivars in 2010 \$288,381,907,030.94 bolivars today
\$10 bolivars in 2010 \$576,763,814,061.89 bolivars today
\$50 bolivars in 2010 \$2,883,819,070,309.44 bolivars today
\$100 bolivars in 2010 \$5,767,638,140,618.89 bolivars today
\$500 bolivars in 2010 \$28,838,190,703,094.43 bolivars today
\$1,000 bolivars in 2010 \$57,676,381,406,188.86 bolivars today
\$5,000 bolivars in 2010 \$288,381,907,030,944.31 bolivars today
\$10,000 bolivars in 2010 \$576,763,814,061,888.63 bolivars today
\$50,000 bolivars in 2010 \$2,883,819,070,309,443.00 bolivars today
\$100,000 bolivars in 2010 \$5,767,638,140,618,886.00 bolivars today
\$500,000 bolivars in 2010 \$28,838,190,703,094,424.00 bolivars today
\$1,000,000 bolivars in 2010 \$57,676,381,406,188,848.00 bolivars today

## How to Calculate Inflation Rate for \$100 since 2010

Our calculations use the following inflation rate formula to calculate the change in value between 2010 and today:

CPI today CPI in 2010
×
2010 VEF value
=
Today's value

Then plug in historical CPI values. The Venezuelan CPI was 263437.1233 in the year 2010 and 15194100000000000 in 2020:

15194100000000000263437.1233
×
\$100
=
\$5,767,638,140,618.89

\$100 in 2010 has the same "purchasing power" or "buying power" as \$5,767,638,140,618.89 in 2020.

To get the total inflation rate for the 10 years between 2010 and 2020, we use the following formula:

CPI in 2020 - CPI in 2010CPI in 2010
×
100
=
Cumulative inflation rate (10 years)

Plugging in the values to this equation, we get:

15194100000000000 - 263437.1233263437.1233
×
100
=
5,767,638,140,519%

Politics and news often influence economic performance. Here's what was happening at the time:

• The Copiapo mining accident in Chile ends, after 33 miners resurface having spent 69 days trapped in the ruins.
• Big Haiti earthquake kills 230,000 people and leaves most of Port-au-Prince, its capital, in ruins.
• An explosion on the Deepwater Horizon (a drilling rig), kills 11 people and spills a massive amount of oil into the Gulf of Mexico.
• The US army abolishes the "Don't Ask Don't Tell" policy, which had banned homosexuals from openly serving in the US military.

## 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: “Value of 2010 Venezuelan Bolivars today | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Nov. 2021, https://www.officialdata.org/venezuela/inflation/2010.

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.