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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
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.
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Creative Commons CC-Zero 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.

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3 December 2017

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Date/TimeThumbnailDimensionsUserComment
current22:54, 27 October 2021Thumbnail for version as of 22:54, 27 October 20211,572 × 1,076 (192 KB)Nicolas Perrault IIIUpdate 1 year + redenomination
02:48, 7 November 2020Thumbnail for version as of 02:48, 7 November 20201,526 × 1,046 (183 KB)Nicolas Perrault IIIUpdate
11:15, 8 March 2020Thumbnail for version as of 11:15, 8 March 20201,592 × 1,100 (222 KB)Nicolas Perrault IIIUpdate 4 months, 1 USD = 75,000 BsS
19:55, 21 October 2019Thumbnail for version as of 19:55, 21 October 20191,494 × 1,098 (211 KB)Nicolas Perrault IIIUpdate 4 months.
17:47, 20 June 2019Thumbnail for version as of 17:47, 20 June 20191,546 × 1,102 (213 KB)Nicolas Perrault IIIFixed legend ("Series 1" --> "Official rate")
17:38, 15 June 2019Thumbnail for version as of 17:38, 15 June 20191,396 × 1,020 (179 KB)Nicolas Perrault IIIUpdate 6 months.
18:18, 18 January 2019Thumbnail for version as of 18:18, 18 January 20191,538 × 1,082 (193 KB)Nicolas Perrault IIIToo cramed, reduce thickness of vertical lines
18:03, 18 January 2019Thumbnail for version as of 18:03, 18 January 20191,492 × 1,066 (199 KB)Nicolas Perrault IIIUpdate Ditcom 1000
17:52, 18 January 2019Thumbnail for version as of 17:52, 18 January 20191,494 × 1,100 (201 KB)Nicolas Perrault IIIUpdate 3000
14:53, 14 December 2018Thumbnail for version as of 14:53, 14 December 20181,488 × 1,096 (196 KB)Nicolas Perrault IIIUpdate official ditcom rate
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