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 - Emissions (CO2eq) from N2O (AR5) - Crop Residues 384.74 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 1,173 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 43,034 (2050)
- Emission Totals - Emissions (CH4) - Manure Management 41.9 (2050)
- Emission Totals - Emissions (N2O) - Burning - Crop residues 0.1023 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.91 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 110.44 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Enteric 39,390 (2050)
- Emission Totals - Emissions (CH4) - IPCC Agriculture 1,537 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.45 (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