File:Venezuela_inflation_on_the_black_market_(DolarToday)_on_a_logarithmic_scale.png
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Summary
DescriptionVenezuela inflation on the black market (DolarToday) on a logarithmic scale.png |
English: The value of one US dollar in Venezuelan bolívares (VEF/VES) on the black market through time, according to DolarToday.com. Blue vertical lines represent every time the currency has lost 90% of its value relative to the US dollar since the last one. This has happened four times since 2012, meaning that the currency is worth, as of December 2017, less than one ten-thousandth of what it was worth five years ago, since it has lost 99.99% of its value. The rate at which the value is lost (inflation) is rapidly accelerating. The first time the money took 2 years and 2 months (an implied monthly inflation rate of 9.3%) to lose 90% of its value, the second time 1 year and 10 months (implied rate 11% m/m), the third time only 10 months (implied rate 26% m/m), and the fourth time a mere four months (implied rate 77% m/m). |
Date | |
Source | Own work. Black market exchange rates from https://dolartoday.com/indicadores/ (click on their graph to download the data). Official government-approved exchange rates (in black on the graph) are from http://www.bcv.org.ve/estadisticas/tipo-de-cambio |
Author | |
Updates InfoField | In theory, every three months or whenever the US dollar is worth three times more bolívares (1000, 3000, 10,000, 30,000, 100,000, etc.), whichever comes first. In practice, when I think about it and haven't updated in a while. |
Missing data InfoField | DolarToday data is missing from 25 February to 20 April 2013 inclusively. |
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Licensing
I, the copyright holder of this work, hereby publish it under the following license:
This file is made available under the Creative Commons CC0 1.0 Universal Public Domain Dedication. | |
The person who associated a work with this deed has dedicated the work to the public domain by waiving all of their rights to the work worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law. You can copy, modify, distribute and perform the work, even for commercial purposes, all without asking permission.
http://creativecommons.org/publicdomain/zero/1.0/deed.enCC0Creative Commons Zero, Public Domain Dedicationfalsefalse |
Items portrayed in this file
depicts
some value
3 December 2017
File history
Click on a date/time to view the file as it appeared at that time.
Date/Time | Thumbnail | Dimensions | User | Comment | |
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current | 22:54, 27 October 2021 | 1,572 × 1,076 (192 KB) | Nicolas Perrault III | Update 1 year + redenomination | |
02:48, 7 November 2020 | 1,526 × 1,046 (183 KB) | Nicolas Perrault III | Update | ||
11:15, 8 March 2020 | 1,592 × 1,100 (222 KB) | Nicolas Perrault III | Update 4 months, 1 USD = 75,000 BsS | ||
19:55, 21 October 2019 | 1,494 × 1,098 (211 KB) | Nicolas Perrault III | Update 4 months. | ||
17:47, 20 June 2019 | 1,546 × 1,102 (213 KB) | Nicolas Perrault III | Fixed legend ("Series 1" --> "Official rate") | ||
17:38, 15 June 2019 | 1,396 × 1,020 (179 KB) | Nicolas Perrault III | Update 6 months. | ||
18:18, 18 January 2019 | 1,538 × 1,082 (193 KB) | Nicolas Perrault III | Too cramed, reduce thickness of vertical lines | ||
18:03, 18 January 2019 | 1,492 × 1,066 (199 KB) | Nicolas Perrault III | Update Ditcom 1000 | ||
17:52, 18 January 2019 | 1,494 × 1,100 (201 KB) | Nicolas Perrault III | Update 3000 | ||
14:53, 14 December 2018 | 1,488 × 1,096 (196 KB) | Nicolas Perrault III | Update official ditcom rate |
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Horizontal resolution | 56.69 dpc |
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