$1 in 2020 is worth $0.04 in 2019

View $1 in 2019 → 2021
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Value of $1 from 2020 to 2019

$1 in 2020 is equivalent in purchasing power to about $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 since 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 rate2,360.00%
Converted amount
$1 base		$0.04
Price difference
$1 base		$-0.96
CPI in 2020607,613,152,011.000
CPI in 201924,699,721,626.000
Inflation in 201919,100.00%
Inflation in 20202,360.00%
$1 in 2020$0.04 in 2019
Recent VEF inflation
Annual Rate, the International Monetary Fund CPI
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How to calculate inflation rate for $1, 2019 to 2020

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

CPI in 2019 CPI 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
×
$1
=
$0.04

$1 in 2020 has the same "purchasing power" or "buying power" as $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%

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 2020 → 2019 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Apr. 2024, 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.

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 rate2,360.00%
Converted amount
$1 base		$0.04
Price difference
$1 base		$-0.96
CPI in 2020607,613,152,011.000
CPI in 201924,699,721,626.000
Inflation in 201919,100.00%
Inflation in 20202,360.00%
$1 in 2020$0.04 in 2019