Time series key
|
BBEX3.A.VES.USD.CA.AA.A04 |
Unit
|
VES |
Dimension
|
one |
Timespan
|
from
2018 to
2023 |
Last update
|
12.01.2024 02:14:32 PM |
|
|
Methodology
|
Calculated on the basis of month-end rates; to calculate the annual average for 2021, the exchange rates set in (old) bolívar were converted at a rate of 1,000,000:1 and included in the calculation. |
Source
|
Banco Central de Venezuela, Caracas |
|
|
Comment on
2021 |
With effect from 1 October 2021, a currency changeover took place at the ratio of 1,000,000 (old) bolÃvar (VES) = 1 (new) bolÃvar (VES). |
Comment on
2019 |
The exchange rates were adjusted multipe times, see BBEX3:M:VES:USD:CA:AA:A01. |
Comment on
2018 |
Calculation not meaningful due to multiple episodes of sharp depreciation, see BBEX3:M:VEF:USD:CA:AA:B09 and BBEX3:M:VES:USD:CA:AA:A01. |