Bs. 1 in 2020 is worth Bs. 0.04 in 2019

View Bs. 1 in 2019 → 2021
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Value of Bs. 1 from 2020 to 2019

Bs. 1 in 2020 is equivalent in purchasing power to about Bs. 0.04 in 2019. The bolivar had an average inflation rate of 2,360.00% per year between 2019 and 2020, producing a cumulative price increase of -95.93%.

This means that prices in 2019 are 95.93% lower than average prices in 2020, according to the International Monetary Fund consumer price index.

The inflation rate in 2019 was 19100.00%. 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.

⌃
Inflation from 2020 to 2019
Average inflation rate 2,360.00%
Converted amount
Bs. 1 base		 Bs. 0.04
Price difference
Bs. 1 base		 Bs. -0.96
CPI in 2020 607,613,152,011.000
CPI in 2019 24,699,721,626.000
Inflation in 2019 19,100.00%
Inflation in 2020 2,360.00%
Bs. 1 in 2020 Bs. 0.04 in 2019
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for Bs. 1, 2019 to 2020

Our calculations use the following inflation rate formula to calculate the change in value between 2019 and 2020:

CPI in 2019CPI in 2020
×
2020 VEF value
=
2019 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 607613152011 in the year 2020 and 24699721626 in 2019:

24699721626607613152011
×
Bs. 1
=
Bs. 0.04

Bs. 1 in 2020 has the same "purchasing power" or "buying power" as Bs. 0.04 in 2019.

To get the total inflation rate for the 1 years between 2019 and 2020, we use the following formula:

CPI in 2019 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

24699721626 - 607613152011607613152011
×
100
=
-96%

Frequently asked questions

How much is Bs. 1 from 2020 worth in 2019?

Bs. 1 in 2020 has about the same buying power as Bs. 0.04 in 2019, based on the consumer price index published by the International Monetary Fund. Prices in 2019 are 95.93% lower than they were in 2020.

What was the inflation rate in 2019?

The Venezuelan inflation rate in 2019 was 19100.00%, measured as the change in the consumer price index from 2018 to 2019. See inflation in 2019 for more detail.

What has the average inflation rate been from 2019 to 2020?

Prices rose by an average of 2,360.00% per year between 2019 and 2020, a cumulative increase of 2,360.00%.

How is this calculated?

Divide the CPI in 2019 (24,699,721,626) by the CPI in 2020 (607,613,152,011), then multiply by the original amount: 24,699,721,626 ÷ 607,613,152,011 × Bs. 1 = Bs. 0.04. 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 → 2019 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/venezuela/inflation/2020?amount=1&endYear=2019.

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.

Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 2020 to 2019
Average inflation rate 2,360.00%
Converted amount
Bs. 1 base		 Bs. 0.04
Price difference
Bs. 1 base		 Bs. -0.96
CPI in 2020 607,613,152,011.000
CPI in 2019 24,699,721,626.000
Inflation in 2019 19,100.00%
Inflation in 2020 2,360.00%
Bs. 1 in 2020 Bs. 0.04 in 2019