Venezuela Exchange Rates and Real Effective Exchange Rates
Venezuela VE: DEC Alternative Conversion Factor: per USD
VE: DEC Alternative Conversion Factor: per USD data was reported at 6.284 VEF/USD in 2014. This records an increase from the previous number of 6.053 VEF/USD for 2013. VE: DEC Alternative Conversion Factor: per USD data is updated yearly, averaging 0.015 VEF/USD from Dec 1960 to 2014, with 55 observations. The data reached an all-time high of 6.284 VEF/USD in 2014 and a record low of 0.003 VEF/USD in 1963. VE: DEC Alternative Conversion Factor: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Exchange Rates and Real Effective Exchange Rates. The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.; ; International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.; ; In the WDI database, the DEC alternative conversion factor is used to convert data in local currency units (LCU) into U.S. dollars.
| Last | Frequency | Range |
|---|---|---|
| 9.97 2017 | yearly | 1960 - 2017 |
View Venezuela's Venezuela VE: DEC Alternative Conversion Factor: per USD from 1960 to 2017 in the chart:
Venezuela VE: Official Exchange Rate: Average: per USD
VE: Official Exchange Rate: Average: per USD data was reported at 9.975 VEF/USD in 2017. This records an increase from the previous number of 9.257 VEF/USD for 2016. VE: Official Exchange Rate: Average: per USD data is updated yearly, averaging 0.080 VEF/USD from Dec 1960 to 2017, with 58 observations. The data reached an all-time high of 9.975 VEF/USD in 2017 and a record low of 0.004 VEF/USD in 1983. VE: Official Exchange Rate: Average: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).; ; International Monetary Fund, International Financial Statistics.; ;
| Last | Frequency | Range |
|---|---|---|
| 9.97 2017 | yearly | 1960 - 2017 |
View Venezuela's Venezuela VE: Official Exchange Rate: Average: per USD from 1960 to 2017 in the chart:
Venezuela VE: Real Effective Exchange Rate Index
VE: Real Effective Exchange Rate Index data was reported at 2,321.549 2010=100 in 2017. This records an increase from the previous number of 779.847 2010=100 for 2016. VE: Real Effective Exchange Rate Index data is updated yearly, averaging 69.002 2010=100 from Dec 1980 to 2017, with 38 observations. The data reached an all-time high of 2,321.549 2010=100 in 2017 and a record low of 36.088 2010=100 in 1990. VE: Real Effective Exchange Rate Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Exchange Rates and Real Effective Exchange Rates. Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.; ; International Monetary Fund, International Financial Statistics.; ;
| Last | Frequency | Range |
|---|---|---|
| 2,321.55 2017 | yearly | 1980 - 2017 |