Nominal Effecive Exchange Rate in Venezuela
Venezuela: Nominal Effecive Exchange Rate was 33.52 in 2022. ◆ Volatile
Nominal Effecive Exchange Rate in Venezuela, 1994–2022
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2022, nominal effecive exchange rate in Venezuela stood at 33.52.
That represents a change of up 1.8% on the previous year and down 44.1% over ten years.
Over the whole period, nominal effecive exchange rate in Venezuela peaked at 1,486 in 1994 and was at its lowest, 30.91, in 2018.
Venezuela ranks 106th of 112 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nominal Effecive Exchange Rate in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 1,486 | — |
| 1995 | 1,262 | -15.1% |
| 1996 | 580.85 | -54.0% |
| 1997 | 495.62 | -14.7% |
| 1998 | 469.21 | -5.3% |
| 1999 | 445.48 | -5.1% |
| 2000 | 417.43 | -6.3% |
| 2001 | 409.92 | -1.8% |
| 2002 | 274.33 | -33.1% |
| 2003 | 185.34 | -32.4% |
| 2004 | 151.83 | -18.1% |
| 2005 | 132.54 | -12.7% |
| 2006 | 127.21 | -4.0% |
| 2007 | 121.7 | -4.3% |
| 2008 | 117.86 | -3.2% |
| 2009 | 123.64 | +4.9% |
| 2010 | 100 | -19.1% |
| 2011 | 58.57 | -41.4% |
| 2012 | 60.02 | +2.5% |
| 2013 | 43.36 | -27.7% |
| 2014 | 42.16 | -2.8% |
| 2015 | 46.6 | +10.5% |
| 2016 | 34.08 | -26.9% |
| 2017 | 31.41 | -7.8% |
| 2018 | 30.91 | -1.6% |
| 2019 | 32.82 | +6.2% |
| 2020 | 33.7 | +2.7% |
| 2021 | 32.93 | -2.3% |
| 2022 | 33.52 | +1.8% |
Venezuela compared with similar countries
- Venezuela's 33.52 is below the median for lower middle income countries, which is 71.92, 47% of the median. (18 countries reporting)
- Venezuela's 33.52 is below the median for Latin America & Caribbean, which is 107.73, 31% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 790.02 | 445.48 | 1,486 | 6 |
| 2000s | 206.18 | 117.86 | 417.43 | 10 |
| 2010s | 47.99 | 30.91 | 100 | 10 |
| 2020s | 33.38 | 32.93 | 33.7 | 3 |
Countries ranked near Venezuela
More reference data data for Venezuela
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 6.85 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.34 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2667 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Crop Residues 384.74 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied 1,190 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - IPCC Agriculture 14,168 (2050)
- Emission Totals - Direct emissions (N2O) - Manure left on Pasture 31.16 (2050)
- Emission Totals - Emissions (N2O) - Agricultural Soils 51.45 (2050)
Frequently asked questions
- What is nominal effecive exchange rate in Venezuela?
- Nominal effecive exchange rate in Venezuela was 33.52 in 2022, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest nominal effecive exchange rate recorded in Venezuela?
- The highest recorded value was 1,486 in 1994.
- What is the lowest nominal effecive exchange rate recorded in Venezuela?
- The lowest recorded value was 30.91 in 2018.
- How does Venezuela rank for nominal effecive exchange rate?
- Venezuela ranks 106th out of 112 countries with data for 2022.
- Is nominal effecive exchange rate rising or falling in Venezuela?
- Over the last ten years it is down 44.1%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Nominal Effecive Exchange Rate. Statizoid updates them automatically from the source API.
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About this data
A measure of the value of a currency against a weighted average of several foreign currencies