Real Effective Exchange Rate in Venezuela
Venezuela: Real Effective Exchange Rate was 15,577 in 2022. ◆ Volatile
Real Effective Exchange Rate in Venezuela, 1994–2022
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2022, real effective exchange rate in Venezuela stood at 15,577. That is the highest value across all 29 years on record.
Compared with earlier readings it is up 29.9% on the previous year and up 18,228.9% over ten years.
Over the whole period, real effective exchange rate in Venezuela peaked at 15,577 in 2022 and was at its lowest, 54.59, in 2005.
That places Venezuela 1st out of 107 countries with data for 2022, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Real Effective Exchange Rate in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 64.33 | — |
| 1995 | 82.34 | +28.0% |
| 1996 | 68.31 | -17.0% |
| 1997 | 86.29 | +26.3% |
| 1998 | 105.95 | +22.8% |
| 1999 | 120.03 | +13.3% |
| 2000 | 79.96 | -33.4% |
| 2001 | 85.05 | +6.4% |
| 2002 | 66.5 | -21.8% |
| 2003 | 57.74 | -13.2% |
| 2004 | 55.76 | -3.4% |
| 2005 | 54.59 | -2.1% |
| 2006 | 57.81 | +5.9% |
| 2007 | 63.35 | +9.6% |
| 2008 | 75.97 | +19.9% |
| 2009 | 99.07 | +30.4% |
| 2010 | 100 | +0.9% |
| 2011 | 70.8 | -29.2% |
| 2012 | 84.99 | +20.0% |
| 2013 | 83.22 | -2.1% |
| 2014 | 128.95 | +54.9% |
| 2015 | 310.06 | +140.5% |
| 2016 | 740.65 | +138.9% |
| 2017 | 2,322 | +213.5% |
| 2018 | 5,045 | +117.3% |
| 2019 | 4,931 | -2.3% |
| 2020 | 7,925 | +60.7% |
| 2021 | 11,988 | +51.3% |
| 2022 | 15,577 | +29.9% |
Venezuela compared with similar countries
- Venezuela's 15,577 is above the median for lower middle income countries, which is 97.6, 159.6× the median. (17 countries reporting)
- Venezuela's 15,577 is above the median for Latin America & Caribbean, which is 104.5, 149.1× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Real Effective Exchange Rate in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +213.5% | 740.65 | 2,322 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 87.88 | 64.33 | 120.03 | 6 |
| 2000s | 69.58 | 54.59 | 99.07 | 10 |
| 2010s | 1,382 | 70.8 | 5,045 | 10 |
| 2020s | 11,830 | 7,925 | 15,577 | 3 |
Countries ranked near Venezuela
More reference data data for Venezuela
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2667 (2050)
- 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 - 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 real effective exchange rate in Venezuela?
- Real effective exchange rate in Venezuela was 15,577 in 2022, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Venezuela?
- The highest recorded value was 15,577 in 2022.
- What is the lowest real effective exchange rate recorded in Venezuela?
- The lowest recorded value was 54.59 in 2005.
- How does Venezuela rank for real effective exchange rate?
- Venezuela ranks 1st out of 107 countries with data for 2022.
- Is real effective exchange rate rising or falling in Venezuela?
- Over the last ten years it is up 18,228.9%. 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 Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.