Official exchange rate in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Official exchange rate was 9.97 LCU per US$, period average in 2017. ◆ Volatile
Official exchange rate in Venezuela, Bolivarian Republic of, 1960–2017
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
Venezuela, Bolivarian Republic of recorded 9.97 LCU per US$, period average for official exchange rate in 2017. That is the highest value across all 58 years on record.
That represents a change of up 7.8% on the previous year and up 364.6% over ten years.
Over the whole period, official exchange rate in Venezuela, Bolivarian Republic of peaked at 9.97 LCU per US$, period average in 2017 and was at its lowest, 0.0033 LCU per US$, period average, in 1960.
Venezuela, Bolivarian Republic of ranks 109th of 213 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Official exchange rate in Venezuela, Bolivarian Republic of, year by year
| Year | LCU per US$, period average | Change |
|---|---|---|
| 1960 | 0.0033 LCU per US$, period average | — |
| 1961 | 0.0033 LCU per US$, period average | +0.0% |
| 1962 | 0.0033 LCU per US$, period average | -0.0% |
| 1963 | 0.0033 LCU per US$, period average | +0.0% |
| 1964 | 0.0043 LCU per US$, period average | +29.9% |
| 1965 | 0.0044 LCU per US$, period average | +1.1% |
| 1966 | 0.0044 LCU per US$, period average | +0.0% |
| 1967 | 0.0044 LCU per US$, period average | +0.0% |
| 1968 | 0.0044 LCU per US$, period average | +0.0% |
| 1969 | 0.0044 LCU per US$, period average | +0.0% |
| 1970 | 0.0044 LCU per US$, period average | +0.0% |
| 1971 | 0.0044 LCU per US$, period average | +0.0% |
| 1972 | 0.0043 LCU per US$, period average | -2.3% |
| 1973 | 0.0043 LCU per US$, period average | +0.0% |
| 1974 | 0.0043 LCU per US$, period average | +0.0% |
| 1975 | 0.0043 LCU per US$, period average | +0.0% |
| 1976 | 0.0043 LCU per US$, period average | +0.0% |
| 1977 | 0.0043 LCU per US$, period average | +0.0% |
| 1978 | 0.0043 LCU per US$, period average | +0.0% |
| 1979 | 0.0043 LCU per US$, period average | +0.0% |
| 1980 | 0.0043 LCU per US$, period average | +0.0% |
| 1981 | 0.0043 LCU per US$, period average | +0.0% |
| 1982 | 0.0043 LCU per US$, period average | +0.0% |
| 1983 | 0.0043 LCU per US$, period average | +0.0% |
| 1984 | 0.007 LCU per US$, period average | +63.2% |
| 1985 | 0.0075 LCU per US$, period average | +6.9% |
| 1986 | 0.0081 LCU per US$, period average | +7.8% |
| 1987 | 0.0145 LCU per US$, period average | +79.4% |
| 1988 | 0.0145 LCU per US$, period average | +0.0% |
| 1989 | 0.0347 LCU per US$, period average | +139.3% |
| 1990 | 0.0469 LCU per US$, period average | +35.2% |
| 1991 | 0.0568 LCU per US$, period average | +21.2% |
| 1992 | 0.0684 LCU per US$, period average | +20.3% |
| 1993 | 0.0908 LCU per US$, period average | +32.8% |
| 1994 | 0.1469 LCU per US$, period average | +61.7% |
| 1995 | 0.1768 LCU per US$, period average | +20.4% |
| 1996 | 0.4173 LCU per US$, period average | +136.0% |
| 1997 | 0.4886 LCU per US$, period average | +17.1% |
| 1998 | 0.5476 LCU per US$, period average | +12.1% |
| 1999 | 0.6057 LCU per US$, period average | +10.6% |
| 2000 | 0.68 LCU per US$, period average | +12.3% |
| 2001 | 0.7237 LCU per US$, period average | +6.4% |
| 2002 | 1.16 LCU per US$, period average | +60.4% |
| 2003 | 1.61 LCU per US$, period average | +38.4% |
| 2004 | 1.89 LCU per US$, period average | +17.7% |
| 2005 | 2.09 LCU per US$, period average | +10.5% |
| 2006 | 2.15 LCU per US$, period average | +2.7% |
| 2007 | 2.15 LCU per US$, period average | +0.0% |
| 2008 | 2.15 LCU per US$, period average | +0.0% |
| 2009 | 2.15 LCU per US$, period average | +0.0% |
| 2010 | 2.58 LCU per US$, period average | +20.3% |
| 2011 | 4.29 LCU per US$, period average | +66.1% |
| 2012 | 4.29 LCU per US$, period average | +0.0% |
| 2013 | 6.05 LCU per US$, period average | +41.0% |
| 2014 | 6.28 LCU per US$, period average | +3.9% |
| 2015 | 6.28 LCU per US$, period average | +0.0% |
| 2016 | 9.26 LCU per US$, period average | +47.3% |
| 2017 | 9.97 LCU per US$, period average | +7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.004 LCU per US$, period average | 0.0033 LCU per US$, period average | 0.0044 LCU per US$, period average | 10 |
| 1970s | 0.0043 LCU per US$, period average | 0.0043 LCU per US$, period average | 0.0044 LCU per US$, period average | 10 |
| 1980s | 0.0103 LCU per US$, period average | 0.0043 LCU per US$, period average | 0.0347 LCU per US$, period average | 10 |
| 1990s | 0.2646 LCU per US$, period average | 0.0469 LCU per US$, period average | 0.6057 LCU per US$, period average | 10 |
| 2000s | 1.67 LCU per US$, period average | 0.68 LCU per US$, period average | 2.15 LCU per US$, period average | 10 |
| 2010s | 6.13 LCU per US$, period average | 2.58 LCU per US$, period average | 9.97 LCU per US$, period average | 8 |
Countries ranked near Venezuela, Bolivarian Republic of
- 106 Ghana 12.56 LCU per US$, period average compare
- 107 Norway 10.4 LCU per US$, period average compare
- 108 Tajikistan 10.02 LCU per US$, period average compare
- 110 Sweden 9.82 LCU per US$, period average compare
- 111 Morocco 9.35 LCU per US$, period average compare
- 112 Solomon Islands 8.33 LCU per US$, period average compare
More financial sector data for Venezuela, Bolivarian Republic of
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -18.98 % change on previous year (2017)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0107 SDR per US$ of GDP (2017)
- Reserves excluding gold, foreign exchange (SDR), per capita 40.5 SDR per person (2017)
- Reserves excluding gold (SDR), annual growth rate -12.26 % change on previous year (2017)
- Reserves excluding gold (SDR), per capita 69.71 SDR per person (2017)
- Total reserves (gold at market value) (SDR), annual growth rate -8.91 % change on previous year (2017)
- Total reserves (gold at market value) (SDR), per capita 225 SDR per person (2017)
- Total reserves (gold at national valuation) (SDR), annual growth rate -17.03 % change on previous year (2017)
- Total reserves (gold at national valuation) (SDR), per capita 221.95 SDR per person (2017)
- Total reserves (gold at national valuation) 6.78 billion SDR (2017)
Frequently asked questions
- What is official exchange rate in Venezuela, Bolivarian Republic of?
- Official exchange rate in Venezuela, Bolivarian Republic of was 9.97 LCU per US$, period average in 2017, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 9.97 LCU per US$, period average in 2017.
- What is the lowest official exchange rate recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0.0033 LCU per US$, period average in 1960.
- How does Venezuela, Bolivarian Republic of rank for official exchange rate?
- Venezuela, Bolivarian Republic of ranks 109th out of 213 countries with data for 2017.
- Is official exchange rate rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 364.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.