File:Venezuela inflation on the black market (DolarToday) on a logarithmic scale.png

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Summary

Description	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	3 December 2017
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	Nicolas Perrault III
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.
Other versions	Español

Licensing

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	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. CC0falsefalse

File history

Click on a date/time to view the file as it appeared at that time.

	Date/Time	Dimensions	User	Comment
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