$1 in 2015 is equivalent in purchasing power to about $8,845,907.89 today, an increase of $8,845,906.89 over 6 years. The bolivar had an average inflation rate of 1,338.10% per year between 2015 and today, producing a cumulative price increase of 884,590,688.70%.
This means that today's prices are 8,845,907.89 times as high as average prices since 2015, according to the International Monetary Fund consumer price index. A bolivar today only buys 0.000% of what it could buy back then.
The inflation rate in 2015 was 111.80%. The current inflation rate compared to the end of last year is now 2,700.00%. If this number holds, $1 today will be equivalent in buying power to $28.00 next year.
Cumulative price change | 884,590,688.70% |
Average inflation rate | 1,338.10% |
Converted amount $1 base | $8,845,907.89 |
Price difference $1 base | $8,845,906.89 |
CPI in 2015 | 1,923,281.191 |
CPI in 2021 | 17,013,168,256,313.000 |
Inflation in 2015 | 111.80% |
Inflation in 2021 | 2,700.00% |
$1 in 2015 | $8,845,907.89 in 2021 |
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 $8,845,907.89 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $1 is equivalent to $8,845,907.89 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 6 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 2015 amounts in today's bolivars, based on the 884,590,688.70% change in prices:
Initial value | Equivalent value |
---|---|
$1 bolivar in 2015 | $8,845,907.89 bolivars today |
$5 bolivars in 2015 | $44,229,539.43 bolivars today |
$10 bolivars in 2015 | $88,459,078.87 bolivars today |
$50 bolivars in 2015 | $442,295,394.35 bolivars today |
$100 bolivars in 2015 | $884,590,788.70 bolivars today |
$500 bolivars in 2015 | $4,422,953,943.48 bolivars today |
$1,000 bolivars in 2015 | $8,845,907,886.96 bolivars today |
$5,000 bolivars in 2015 | $44,229,539,434.81 bolivars today |
$10,000 bolivars in 2015 | $88,459,078,869.62 bolivars today |
$50,000 bolivars in 2015 | $442,295,394,348.11 bolivars today |
$100,000 bolivars in 2015 | $884,590,788,696.22 bolivars today |
$500,000 bolivars in 2015 | $4,422,953,943,481.11 bolivars today |
$1,000,000 bolivars in 2015 | $8,845,907,886,962.23 bolivars today |
Our calculations use the following inflation rate formula to calculate the change in value between 2015 and today:
Then plug in historical CPI values. The Venezuelan CPI was 1923281.191 in the year 2015 and 17013168256313 in 2021:
$1 in 2015 has the same "purchasing power" or "buying power" as $8,845,907.89 in 2021.
To get the total inflation rate for the 6 years between 2015 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: “$1 in 2015 → 2021 | Venezuela Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Oct. 2024, https://www.officialdata.org/venezuela/inflation/2015?amount=1&endYear=2021.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
Cumulative price change | 884,590,688.70% |
Average inflation rate | 1,338.10% |
Converted amount $1 base | $8,845,907.89 |
Price difference $1 base | $8,845,906.89 |
CPI in 2015 | 1,923,281.191 |
CPI in 2021 | 17,013,168,256,313.000 |
Inflation in 2015 | 111.80% |
Inflation in 2021 | 2,700.00% |
$1 in 2015 | $8,845,907.89 in 2021 |