Value of Bs. 1 from 2015 to 2012
Bs. 1 in 2015 is equivalent in purchasing power to about Bs. 0.21 in 2012, a difference of Bs. -0.79 over 3 years. The bolivar had an average inflation rate of 68.46% per year between 2012 and 2015, producing a cumulative price increase of -79.08%.
This means that prices in 2012 are 79.08% lower than average prices in 2015, according to the International Monetary Fund consumer price index.
The inflation rate in 2012 was 21.10%. The inflation rate in 2015 was 111.80%. The 2015 inflation rate is lower compared to the average inflation rate of 1,338.10% per year between 2015 and 2021.
Contents
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| Cumulative price change | -79.08% |
| Average inflation rate | 68.46% |
|
Converted amount
Bs. 1 base | Bs. 0.21 |
|
Price difference
Bs. 1 base | Bs. -0.79 |
| CPI in 2015 | 1,923,281.191 |
| CPI in 2012 | 402,287.191 |
| Inflation in 2012 | 21.10% |
| Inflation in 2015 | 111.80% |
| Bs. 1 in 2015 | Bs. 0.21 in 2012 |
Buying power of Bs. 1 in 2012
This chart shows a calculation of buying power equivalence for Bs. 1 in 2012 (price index tracking began in 1979).
For example, if you started with Bs. 1, you would need to end with Bs. 0.21 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Bs. 1 is equivalent to Bs. 0.21 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 2012 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 2012 amounts in 2015 bolivars, based on the -79.08% change in prices:
| Initial value | Equivalent value |
|---|---|
| Bs. 1 bolivar in 2012 | Bs. 4.78 bolivars in 2015 |
| Bs. 5 bolivars in 2012 | Bs. 23.90 bolivars in 2015 |
| Bs. 10 bolivars in 2012 | Bs. 47.81 bolivars in 2015 |
| Bs. 50 bolivars in 2012 | Bs. 239.04 bolivars in 2015 |
| Bs. 100 bolivars in 2012 | Bs. 478.09 bolivars in 2015 |
| Bs. 500 bolivars in 2012 | Bs. 2,390.43 bolivars in 2015 |
| Bs. 1,000 bolivars in 2012 | Bs. 4,780.87 bolivars in 2015 |
| Bs. 5,000 bolivars in 2012 | Bs. 23,904.33 bolivars in 2015 |
| Bs. 10,000 bolivars in 2012 | Bs. 47,808.66 bolivars in 2015 |
| Bs. 50,000 bolivars in 2012 | Bs. 239,043.30 bolivars in 2015 |
| Bs. 100,000 bolivars in 2012 | Bs. 478,086.61 bolivars in 2015 |
| Bs. 500,000 bolivars in 2012 | Bs. 2,390,433.05 bolivars in 2015 |
| Bs. 1,000,000 bolivars in 2012 | Bs. 4,780,866.09 bolivars in 2015 |
How to calculate inflation rate for Bs. 1, 2012 to 2015
Our calculations use the following inflation rate formula to calculate the change in value between 2012 and 2015:
CPI in 2012CPI in 2015
×
2015 VEF value
=
2012 VEF value
Then plug in historical CPI values. The Venezuelan CPI was 1923281.191 in the year 2015 and 402287.1912 in 2012:
402287.19121923281.191
×
Bs. 1
=
Bs. 0.21
Bs. 1 in 2015 has the same "purchasing power" or "buying power" as Bs. 0.21 in 2012.
To get the total inflation rate for the 3 years between 2012 and 2015, we use the following formula:
CPI in 2012 - CPI in 2015CPI in 2015
×
100
=
Cumulative inflation rate (3 years)
Plugging in the values to this equation, we get:
402287.1912 - 1923281.1911923281.191
×
100
=
-79%
Frequently asked questions
How much is Bs. 1 from 2015 worth in 2012?
Bs. 1 in 2015 has about the same buying power as Bs. 0.21 in 2012, based on the consumer price index published by the International Monetary Fund. Prices in 2012 are 79.08% lower than they were in 2015.
What was the inflation rate in 2012?
The Venezuelan inflation rate in 2012 was 21.10%, measured as the change in the consumer price index from 2011 to 2012. See inflation in 2012 for more detail.
What has the average inflation rate been from 2012 to 2015?
Prices rose by an average of 68.46% per year between 2012 and 2015, a cumulative increase of 378.09%. Because inflation compounds, these yearly changes add up over 3 years.
How is this calculated?
Divide the CPI in 2012 (402,287.191) by the CPI in 2015 (1,923,281.191), then multiply by the original amount: 402,287.191 ÷ 1,923,281.191 × Bs. 1 = Bs. 0.21. 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 2015 → 2012 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/venezuela/inflation/2015?amount=1&endYear=2012.
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 | -79.08% |
| Average inflation rate | 68.46% |
|
Converted amount
Bs. 1 base | Bs. 0.21 |
|
Price difference
Bs. 1 base | Bs. -0.79 |
| CPI in 2015 | 1,923,281.191 |
| CPI in 2012 | 402,287.191 |
| Inflation in 2012 | 21.10% |
| Inflation in 2015 | 111.80% |
| Bs. 1 in 2015 | Bs. 0.21 in 2012 |