$100 in 2019 is equivalent in purchasing power to about $68,880.00 today, an increase of $68,780.00 over 2 years. The bolivar had an average inflation rate of 2,524.50% per year between 2019 and today, producing a cumulative price increase of 68,780.00%.
This means that today's prices are 688.80 times as high as average prices since 2019, according to the International Monetary Fund consumer price index. A bolivar today only buys 0.145% of what it could buy back then.
The inflation rate in 2019 was 19100.00%. The current inflation rate compared to the end of last year is now 2,700.00%. If this number holds, $100 today will be equivalent in buying power to $2,800.00 next year.
Cumulative price change | 68,780.00% |
Average inflation rate | 2,524.50% |
Converted amount $100 base | $68,880.00 |
Price difference $100 base | $68,780.00 |
CPI in 2019 | 24,699,721,626.000 |
CPI in 2021 | 17,013,168,256,313.000 |
Inflation in 2019 | 19,100.00% |
Inflation in 2021 | 2,700.00% |
$100 in 2019 | $68,880.00 in 2021 |
This chart shows a calculation of buying power equivalence for $100 in 2019 (price index tracking began in 1979).
For example, if you started with $100, you would need to end with $68,880.00 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $68,880.00 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 2019 dollars, the chart below shows how $100 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 2019 amounts in today's bolivars, based on the 68,780.00% change in prices:
Initial value | Equivalent value |
---|---|
$1 bolivar in 2019 | $688.80 bolivars today |
$5 bolivars in 2019 | $3,444.00 bolivars today |
$10 bolivars in 2019 | $6,888.00 bolivars today |
$50 bolivars in 2019 | $34,440.00 bolivars today |
$100 bolivars in 2019 | $68,880.00 bolivars today |
$500 bolivars in 2019 | $344,400.00 bolivars today |
$1,000 bolivars in 2019 | $688,800.00 bolivars today |
$5,000 bolivars in 2019 | $3,444,000.00 bolivars today |
$10,000 bolivars in 2019 | $6,888,000.00 bolivars today |
$50,000 bolivars in 2019 | $34,440,000.00 bolivars today |
$100,000 bolivars in 2019 | $68,880,000.00 bolivars today |
$500,000 bolivars in 2019 | $344,400,000.01 bolivars today |
$1,000,000 bolivars in 2019 | $688,800,000.01 bolivars today |
Our calculations use the following inflation rate formula to calculate the change in value between 2019 and today:
Then plug in historical CPI values. The Venezuelan CPI was 24699721626 in the year 2019 and 17013168256313 in 2021:
$100 in 2019 has the same "purchasing power" or "buying power" as $68,880.00 in 2021.
To get the total inflation rate for the 2 years between 2019 and 2021, we use the following formula:
Plugging in the values to this equation, we get:
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: “$100 in 2019 → 2021 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Sep. 2024, https://www.officialdata.org/venezuela/inflation/2019?amount=100.
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 | 68,780.00% |
Average inflation rate | 2,524.50% |
Converted amount $100 base | $68,880.00 |
Price difference $100 base | $68,780.00 |
CPI in 2019 | 24,699,721,626.000 |
CPI in 2021 | 17,013,168,256,313.000 |
Inflation in 2019 | 19,100.00% |
Inflation in 2021 | 2,700.00% |
$100 in 2019 | $68,880.00 in 2021 |