$1 in 2010 is equivalent in purchasing power to about $57,676,381,406.19 today, an increase of $57,676,381,405.19 over 10 years. The bolivar had an average inflation rate of 1,091.52% per year between 2010 and today, producing a cumulative price increase of 5,767,638,140,518.89%.

This means that today's prices are 57,676,381,406.19 times higher than average prices since 2010, according to the International Monetary Fund consumer price index. A bolivar today only buys NaN% of what it could buy back then.

The 2010 inflation rate was 28.20%. The current year-over-year inflation rate (2019 to 2020) is now 0.00%^{1}.
If this number holds, the rate of inflation is so negligible that $1 today will roughly maintain its value.

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Cumulative price change | 5,767,638,140,518.89% |

Average inflation rate | 1,091.52% |

Converted amount ($1 base) | $57,676,381,406.19 |

Price difference ($1 base) | $57,676,381,405.19 |

CPI in 2010 | 263,437.123 |

CPI in 2020 | 15,194,100,000,000,000.000 |

Inflation in 2010 | 28.20% |

Inflation in 2020 | 0.00% |

$1 in 2010 | $57,676,381,406.19 in 2020 |

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 $57,676,381,406.19 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $57,676,381,406.19 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 today's bolivars, based on the 5,767,638,140,518.89% change in prices:

Initial value | Equivalent value |
---|---|

$1 bolivar in 2010 | $57,676,381,406.19 bolivars today |

$5 bolivars in 2010 | $288,381,907,030.94 bolivars today |

$10 bolivars in 2010 | $576,763,814,061.89 bolivars today |

$50 bolivars in 2010 | $2,883,819,070,309.44 bolivars today |

$100 bolivars in 2010 | $5,767,638,140,618.89 bolivars today |

$500 bolivars in 2010 | $28,838,190,703,094.43 bolivars today |

$1,000 bolivars in 2010 | $57,676,381,406,188.86 bolivars today |

$5,000 bolivars in 2010 | $288,381,907,030,944.31 bolivars today |

$10,000 bolivars in 2010 | $576,763,814,061,888.63 bolivars today |

$50,000 bolivars in 2010 | $2,883,819,070,309,443.00 bolivars today |

$100,000 bolivars in 2010 | $5,767,638,140,618,886.00 bolivars today |

$500,000 bolivars in 2010 | $28,838,190,703,094,424.00 bolivars today |

$1,000,000 bolivars in 2010 | $57,676,381,406,188,848.00 bolivars today |

Our calculations use the following inflation rate formula to calculate the change in value between 2010 and today:

CPI today
CPI in 2010

×

2010 VEF value

=

Today's value

Then plug in historical CPI values. The Venezuelan CPI was 263437.1233 in the year 2010 and 15194100000000000 in 2020:

15194100000000000263437.1233

×

$1

=

$1 in 2010 has the same "purchasing power" or "buying power" as $57,676,381,406.19 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

=

Plugging in the values to this equation, we get:

15194100000000000 - 263437.1233263437.1233

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- The Copiapo mining accident in Chile ends, after 33 miners resurface having spent 69 days trapped in the ruins.
- Big Haiti earthquake kills 230,000 people and leaves most of Port-au-Prince, its capital, in ruins.
- An explosion on the Deepwater Horizon (a drilling rig), kills 11 people and spills a massive amount of oil into the Gulf of Mexico.
- The US army abolishes the "Don't Ask Don't Tell" policy, which had banned homosexuals from openly serving in the US military.

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, 28 Oct. 2021, 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.

Cumulative price change | 5,767,638,140,518.89% |

Average inflation rate | 1,091.52% |

Converted amount ($1 base) | $57,676,381,406.19 |

Price difference ($1 base) | $57,676,381,405.19 |

CPI in 2010 | 263,437.123 |

CPI in 2020 | 15,194,100,000,000,000.000 |

Inflation in 2010 | 28.20% |

Inflation in 2020 | 0.00% |

$1 in 2010 | $57,676,381,406.19 in 2020 |