Time series key
|
BBEX3.A.VEF.USD.CA.AB.B04 |
Unit
|
VEF |
Dimension
|
one |
Timespan
|
from
2010 to
2015 |
Last update
|
20.09.2023 12:51:25 PM |
|
|
Methodology
|
Calculated on the basis of month-end rates. |
Source
|
Banco Central de Venezuela, Caracas |
|
|
Comment on
2013 |
On 9 February 2013, the fixed exchange rates (buying/selling) between the bolÃvar and the US dollar of USD 1 = VEF 4.2893 / 4.3000 were changed to USD 1 = VEF 6.2842 / 6.3000; this corresponds to a depreciation of the bolÃvar vis-á-vis the US dollar of 31.7%. |
Comment on
2010 |
On 11 January 2010, a multiple exchange rate system was introduced and the fixed exchange rate with the US dollar was changed; on the basis of the exchange rates (buying/selling) before (USD 1 = VEF 2.1446 / 2.1500) and after the introduction of the multiple system (USD 1 = VEF 4.2893 / 4.3000), the devaluation for official exchange rate II was 50.0%. Average for official exchange rate I see BBEX3:A:VEF:USD:CA:AB:A04. |