View $1 in 2010 → 2021
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Value of $1 from 2010 to 2020
$1 in 2010 is equivalent in purchasing power to about $2,306,482.64 in 2020, an increase of $2,306,481.64 over 10 years. The bolivar had an average inflation rate of 332.81% per year between 2010 and 2020, producing a cumulative price increase of 230,648,164.15%.
This means that prices in 2020 are 2,306,482.64 times as high as average prices since 2010, according to the International Monetary Fund consumer price index.
The inflation rate in 2010 was 28.20%. The inflation rate in 2020 was 2360.00%. The 2020 inflation rate is lower compared to the average inflation rate of 2,700.00% per year between 2020 and 2021.
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| Cumulative price change | 230,648,164.15% |
| Average inflation rate | 332.81% |
| Converted amount $1 base | $2,306,482.64 |
| Price difference $1 base | $2,306,481.64 |
| CPI in 2010 | 263,437.123 |
| CPI in 2020 | 607,613,152,011.000 |
| Inflation in 2010 | 28.20% |
| Inflation in 2020 | 2,360.00% |
| $1 in 2010 | $2,306,482.64 in 2020 |
Buying power of $1 in 2010
This chart shows a calculation of buying power equivalence for $1 in 2010 (price index tracking began in 1979).
For example, if you started with $1, you would need to end with $2,306,482.64 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $1 is equivalent to $2,306,482.64 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 $1 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:
This conversion table shows various other 2010 amounts in 2020 bolivars, based on the 230,648,164.15% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 bolivar in 2010 | $2,306,482.64 bolivars in 2020 |
| $5 bolivars in 2010 | $11,532,413.21 bolivars in 2020 |
| $10 bolivars in 2010 | $23,064,826.41 bolivars in 2020 |
| $50 bolivars in 2010 | $115,324,132.07 bolivars in 2020 |
| $100 bolivars in 2010 | $230,648,264.15 bolivars in 2020 |
| $500 bolivars in 2010 | $1,153,241,320.74 bolivars in 2020 |
| $1,000 bolivars in 2010 | $2,306,482,641.47 bolivars in 2020 |
| $5,000 bolivars in 2010 | $11,532,413,207.36 bolivars in 2020 |
| $10,000 bolivars in 2010 | $23,064,826,414.73 bolivars in 2020 |
| $50,000 bolivars in 2010 | $115,324,132,073.64 bolivars in 2020 |
| $100,000 bolivars in 2010 | $230,648,264,147.29 bolivars in 2020 |
| $500,000 bolivars in 2010 | $1,153,241,320,736.44 bolivars in 2020 |
| $1,000,000 bolivars in 2010 | $2,306,482,641,472.88 bolivars in 2020 |
How to calculate inflation rate for $1, 2010 to 2020
Our calculations use the following inflation rate formula to calculate the change in value between 2010 and 2020:
CPI in 2020 CPI in 2010
×
2010 VEF value
=
2020 VEF value
Then plug in historical CPI values. The Venezuelan CPI was 263437.1233 in the year 2010 and 607613152011 in 2020:
607613152011263437.1233
×
$1
=
$2,306,482.64
$1 in 2010 has the same "purchasing power" or "buying power" as $2,306,482.64 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:
607613152011 - 263437.1233263437.1233
×
100
=
230,648,164%
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: “$1 in 2010 → 2020 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Apr. 2024, https://www.officialdata.org/venezuela/inflation/2010?amount=1&endYear=2020.
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 | 230,648,164.15% |
| Average inflation rate | 332.81% |
| Converted amount $1 base | $2,306,482.64 |
| Price difference $1 base | $2,306,481.64 |
| CPI in 2010 | 263,437.123 |
| CPI in 2020 | 607,613,152,011.000 |
| Inflation in 2010 | 28.20% |
| Inflation in 2020 | 2,360.00% |
| $1 in 2010 | $2,306,482.64 in 2020 |