Venezuela, RB: Real effective exchange rate index (2010 = 100)

Key figures

What the numbers say

In 2016, Venezuela, RB's real effective exchange rate index (2010 = 100) rose 431.78 on 2015 (from 309.75 to 741.53).

Across the 30 yearly changes before that (1986 to 2015), the average change was +7.9 and a typical year strayed about 35.54 from that (the standard deviation). This year's change was 11.9 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 431.78 in 2016 and the biggest yearly fall was 30.58 in 1984. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2007 to 2016 the straight-line trend is upward, about 47.6 a year. A straight line explains 46% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

What this measures

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. This indicator is an index series where 2010=100.

Limitations: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution.

All 37 values

Real effective exchange rate index (2010 = 100) in nearby economies

• Antigua and Barbuda — 111.94 (2025)
• Bahamas, The — 94.76 (2025)
• Belize — 105.97 (2025)
• Bolivia — 181.03 (2025)
• Brazil — 59.15 (2025)
• Chile — 84.56 (2025)
• Colombia — 77.03 (2025)
• Costa Rica — 118.6 (2025)
• Dominica — 95.6 (2025)
• Dominican Republic — 83.08 (2025)

More financial sector data for Venezuela, RB

• GDP deflator (base year varies by country) — 97,055 (2025)
• DEC alternative conversion factor (LCU per US$) — US$165.46 (2025)
• Inflation, GDP deflator (annual % growth) — 227.09% (2025)
• Official exchange rate (LCU per US$, period average) — US$9.98 (2017)
• Wholesale price index (2010 = 100) — 4,005 (2016)
• Domestic credit to private sector by banks (% of GDP) — 23.93% (2015)
• Inflation, GDP deflator, linked series (annual % growth) — 227.09% (2025)
• GDP deflator, linked series (base year varies by country) — 97,055 (2025)
• Deposit interest rate (%)

Reading data like this

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Questions people ask

What is Venezuela, RB's real effective exchange rate index (2010 = 100)?

741.53 in 2016, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is up 820.48% from 80.56 in 1980 (6.36% a year on average, compounded). The highest value was 741.53 in 2016 and the lowest 36.81 in 1990.

Is the latest change in real effective exchange rate index (2010 = 100) unusual for Venezuela, RB?

In 2016, Venezuela, RB's real effective exchange rate index (2010 = 100) rose 431.78 on 2015 (from 309.75 to 741.53). Across the 30 yearly changes before that (1986 to 2015), the average change was +7.9 and a typical year strayed about 35.54 from that (the standard deviation). This year's change was 11.9 standard deviations above that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator PX.REX.REER, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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