Value of Bs. 1 from 2020 to 2021
Bs. 1 in 2020 is equivalent in purchasing power to about Bs. 28.00 today. The bolivar had an average inflation rate of 2,700.00% in the last 12 months. As a result, the real value of a bolivar has been decreasing recently.
This means that today's prices are 28.00 times as high as average prices in 2020, according to the International Monetary Fund consumer price index. A bolivar today only buys 3.6% of what it could buy back then.
The inflation rate in 2020 was 2360.00%. The current inflation rate compared to the end of last year is now 2,700.00%. If this number holds, Bs. 1 today will be equivalent in buying power to Bs. 28.00 next year.
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| Average inflation rate | 2,700.00% |
|
Converted amount
Bs. 1 base | Bs. 28.00 |
|
Price difference
Bs. 1 base | Bs. 27.00 |
| CPI in 2020 | 607,613,152,011.000 |
| CPI in 2021 | 17,013,168,256,313.000 |
| Inflation in 2020 | 2,360.00% |
| Inflation in 2021 | 2,700.00% |
| Bs. 1 in 2020 | Bs. 28.00 in 2021 |
How to calculate inflation rate for Bs. 1 since 2020
Our calculations use the following inflation rate formula to calculate the change in value between 2020 and today:
CPI todayCPI in 2020
×
2020 VEF value
=
Today's value
Then plug in historical CPI values. The Venezuelan CPI was 607613152011 in the year 2020 and 17013168256313 in 2021:
17013168256313607613152011
×
Bs. 1
=
Bs. 28.00
Bs. 1 in 2020 has the same "purchasing power" or "buying power" as Bs. 28.00 in 2021.
To get the total inflation rate for the 1 years between 2020 and 2021, we use the following formula:
CPI in 2021 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
17013168256313 - 607613152011607613152011
×
100
=
2,700%
Frequently asked questions
How much is Bs. 1 from 2020 worth today?
Bs. 1 in 2020 has about the same buying power as Bs. 28.00 today, based on the consumer price index published by the International Monetary Fund. Prices today are 28.00 times as high as they were in 2020.
What was the inflation rate in 2020?
The Venezuelan inflation rate in 2020 was 2360.00%, measured as the change in the consumer price index from 2019 to 2020. See inflation in 2020 for more detail.
What has the average inflation rate been since 2020?
Prices rose by an average of 2,700.00% per year between 2020 and today, a cumulative increase of 2,700.00%.
How much value has the bolivar lost since 2020?
A bolivar today buys about 3.6% of what it could in 2020. In other words, it has lost about 96.4% of its purchasing power.
How is this calculated?
Divide the CPI in 2021 (17,013,168,256,313) by the CPI in 2020 (607,613,152,011), then multiply by the original amount: 17,013,168,256,313 ÷ 607,613,152,011 × Bs. 1 = Bs. 28.00. 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 2020 → 2021 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/venezuela/inflation/2020?amount=1.
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.
| Average inflation rate | 2,700.00% |
|
Converted amount
Bs. 1 base | Bs. 28.00 |
|
Price difference
Bs. 1 base | Bs. 27.00 |
| CPI in 2020 | 607,613,152,011.000 |
| CPI in 2021 | 17,013,168,256,313.000 |
| Inflation in 2020 | 2,360.00% |
| Inflation in 2021 | 2,700.00% |
| Bs. 1 in 2020 | Bs. 28.00 in 2021 |