View Bs. 1 in 2018 → 2021
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Value of Bs. 1 from 2020 to 2018
Bs. 1 in 2020 is equivalent in purchasing power to about Bs. 0.00 in 2018, a difference of Bs. -1.00 over 2 years. The bolivar had an average inflation rate of 6,772.55% per year between 2018 and 2020, producing a cumulative price increase of -99.98%.
This means that prices in 2018 are 99.98% lower than average prices in 2020, according to the International Monetary Fund consumer price index.
The inflation rate in 2018 was 431.80%. 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.
Contents
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| Cumulative price change | -99.98% |
| Average inflation rate | 6,772.55% |
|
Converted amount
Bs. 1 base | Bs. 0.00 |
|
Price difference
Bs. 1 base | Bs. -1.00 |
| CPI in 2020 | 607,613,152,011.000 |
| CPI in 2018 | 128,644,383.500 |
| Inflation in 2018 | 431.80% |
| Inflation in 2020 | 2,360.00% |
| Bs. 1 in 2020 | Bs. 0.00 in 2018 |
Buying power of Bs. 1 in 2018
This chart shows a calculation of buying power equivalence for Bs. 1 in 2018 (price index tracking began in 1979).
For example, if you started with Bs. 1, you would need to end with Bs. 0.00 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When Bs. 1 is equivalent to Bs. 0.00 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 2018 dollars, the chart below shows how Bs. 1 is worth less over 2 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 2018 amounts in 2020 bolivars, based on the -99.98% change in prices:
| Initial value | Equivalent value |
|---|---|
| Bs. 1 bolivar in 2018 | Bs. 4,723.20 bolivars in 2020 |
| Bs. 5 bolivars in 2018 | Bs. 23,616.00 bolivars in 2020 |
| Bs. 10 bolivars in 2018 | Bs. 47,232.00 bolivars in 2020 |
| Bs. 50 bolivars in 2018 | Bs. 236,160.00 bolivars in 2020 |
| Bs. 100 bolivars in 2018 | Bs. 472,320.00 bolivars in 2020 |
| Bs. 500 bolivars in 2018 | Bs. 2,361,600.00 bolivars in 2020 |
| Bs. 1,000 bolivars in 2018 | Bs. 4,723,200.00 bolivars in 2020 |
| Bs. 5,000 bolivars in 2018 | Bs. 23,615,999.99 bolivars in 2020 |
| Bs. 10,000 bolivars in 2018 | Bs. 47,231,999.99 bolivars in 2020 |
| Bs. 50,000 bolivars in 2018 | Bs. 236,159,999.95 bolivars in 2020 |
| Bs. 100,000 bolivars in 2018 | Bs. 472,319,999.89 bolivars in 2020 |
| Bs. 500,000 bolivars in 2018 | Bs. 2,361,599,999.47 bolivars in 2020 |
| Bs. 1,000,000 bolivars in 2018 | Bs. 4,723,199,998.94 bolivars in 2020 |
How to calculate inflation rate for Bs. 1, 2018 to 2020
Our calculations use the following inflation rate formula to calculate the change in value between 2018 and 2020:
CPI in 2018CPI in 2020
×
2020 VEF value
=
2018 VEF value
Then plug in historical CPI values. The Venezuelan CPI was 607613152011 in the year 2020 and 128644383.5 in 2018:
128644383.5607613152011
×
Bs. 1
=
Bs. 0.00
Bs. 1 in 2020 has the same "purchasing power" or "buying power" as Bs. 0.00 in 2018.
To get the total inflation rate for the 2 years between 2018 and 2020, we use the following formula:
CPI in 2018 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (2 years)
Plugging in the values to this equation, we get:
128644383.5 - 607613152011607613152011
×
100
=
-100%
Frequently asked questions
How much is Bs. 1 from 2020 worth in 2018?
Bs. 1 in 2020 has about the same buying power as Bs. 0.00 in 2018, based on the consumer price index published by the International Monetary Fund. Prices in 2018 are 99.98% lower than they were in 2020.
What was the inflation rate in 2018?
The Venezuelan inflation rate in 2018 was 431.80%, measured as the change in the consumer price index from 2017 to 2018. See inflation in 2018 for more detail.
What has the average inflation rate been from 2018 to 2020?
Prices rose by an average of 6,772.55% per year between 2018 and 2020, a cumulative increase of 472,220.00%. Because inflation compounds, these yearly changes add up over 2 years.
How is this calculated?
Divide the CPI in 2018 (128,644,383.5) by the CPI in 2020 (607,613,152,011), then multiply by the original amount: 128,644,383.5 ÷ 607,613,152,011 × Bs. 1 = Bs. 0.00. 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 → 2018 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/venezuela/inflation/2020?amount=1&endYear=2018.
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 | -99.98% |
| Average inflation rate | 6,772.55% |
|
Converted amount
Bs. 1 base | Bs. 0.00 |
|
Price difference
Bs. 1 base | Bs. -1.00 |
| CPI in 2020 | 607,613,152,011.000 |
| CPI in 2018 | 128,644,383.500 |
| Inflation in 2018 | 431.80% |
| Inflation in 2020 | 2,360.00% |
| Bs. 1 in 2020 | Bs. 0.00 in 2018 |