# \$1 in 2015 is worth \$315,925.28 in 2020

\$
👉 You may be interested in \$1 in 2015 → 2021

## Value of \$1 from 2015 to 2020

\$1 in 2015 is equivalent in purchasing power to about \$315,925.28 in 2020, an increase of \$315,924.28 over 5 years. The bolivar had an average inflation rate of 1,158.68% per year between 2015 and 2020, producing a cumulative price increase of 31,592,428.17%.

This means that prices in 2020 are 315,925.28 times higher than average prices since 2015, according to the International Monetary Fund consumer price index.

The inflation rate in 2015 was 111.80%. 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.

 Cumulative price change 31,592,428.17% Average inflation rate 1,158.68% Converted amount (\$1 base) \$315,925.28 Price difference (\$1 base) \$315,924.28 CPI in 2015 1,923,281.191 CPI in 2020 607,613,152,011.000 Inflation in 2015 111.80% Inflation in 2020 2,360.00% \$1 in 2015 \$315,925.28 in 2020

VEF inflation since 2015
Annual Rate, the International Monetary Fund CPI

## Buying power of \$1 in 2015

This chart shows a calculation of buying power equivalence for \$1 in 2015 (price index tracking began in 1979).

For example, if you started with \$1, you would need to end with \$315,925.28 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$315,925.28 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 2015 dollars, the chart below shows how \$1 is worth less over 5 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:

Bolivar inflation: 2015-2020
YearBolivar ValueInflation Rate
2015\$1.00111.80%
2016\$3.54254.40%
2017\$12.58254.90%
2018\$66.89431.80%
2019\$12,842.4919,100.00%
2020\$315,925.282,360.00%
2021\$8,845,907.892,700.00%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2015 amounts in 2020 bolivars, based on the 31,592,428.17% change in prices:

Conversion: 2015 bolivars in 2020
Initial valueEquivalent value
\$1 bolivar in 2015\$315,925.28 bolivars in 2020
\$5 bolivars in 2015\$1,579,626.41 bolivars in 2020
\$10 bolivars in 2015\$3,159,252.82 bolivars in 2020
\$50 bolivars in 2015\$15,796,264.08 bolivars in 2020
\$100 bolivars in 2015\$31,592,528.17 bolivars in 2020
\$500 bolivars in 2015\$157,962,640.84 bolivars in 2020
\$1,000 bolivars in 2015\$315,925,281.68 bolivars in 2020
\$5,000 bolivars in 2015\$1,579,626,408.39 bolivars in 2020
\$10,000 bolivars in 2015\$3,159,252,816.77 bolivars in 2020
\$50,000 bolivars in 2015\$15,796,264,083.86 bolivars in 2020
\$100,000 bolivars in 2015\$31,592,528,167.71 bolivars in 2020
\$500,000 bolivars in 2015\$157,962,640,838.56 bolivars in 2020
\$1,000,000 bolivars in 2015\$315,925,281,677.13 bolivars in 2020

## How to calculate inflation rate for \$1, 2015 to 2020

Our calculations use the following inflation rate formula to calculate the change in value between 2015 and 2020:

CPI in 2020 CPI in 2015
×
2015 VEF value
=
2020 VEF value

Then plug in historical CPI values. The Venezuelan CPI was 1923281.191 in the year 2015 and 607613152011 in 2020:

6076131520111923281.191
×
\$1
=
\$315,925.28

\$1 in 2015 has the same "purchasing power" or "buying power" as \$315,925.28 in 2020.

To get the total inflation rate for the 5 years between 2015 and 2020, we use the following formula:

CPI in 2020 - CPI in 2015CPI in 2015
×
100
=
Cumulative inflation rate (5 years)

Plugging in the values to this equation, we get:

607613152011 - 1923281.1911923281.191
×
100
=
31,592,428%

## 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: “\$1 in 2015 → 2020 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 18 Aug. 2022, https://www.officialdata.org/venezuela/inflation/2015?amount=1&endYear=2020.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.