Official exchange rate in Venezuela
Venezuela: Official exchange rate was 9.97 LCU per US$, period average in 2017. ◆ Volatile
Official exchange rate in Venezuela, 1960–2017
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
Venezuela recorded 9.97 LCU per US$, period average for official exchange rate in 2017. That is the highest value across all 58 years on record.
That represents a change of up 7.8% on the previous year and up 364.6% over ten years.
Over the whole period, official exchange rate in Venezuela peaked at 9.97 LCU per US$, period average in 2017 and was at its lowest, 0.0033 LCU per US$, period average, in 1960.
Venezuela ranks 109th of 214 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.004 LCU per US$, period average | 0.0033 LCU per US$, period average | 0.0044 LCU per US$, period average | 10 |
| 1970s | 0.0043 LCU per US$, period average | 0.0043 LCU per US$, period average | 0.0044 LCU per US$, period average | 10 |
| 1980s | 0.0103 LCU per US$, period average | 0.0043 LCU per US$, period average | 0.0347 LCU per US$, period average | 10 |
| 1990s | 0.2646 LCU per US$, period average | 0.0469 LCU per US$, period average | 0.6057 LCU per US$, period average | 10 |
| 2000s | 1.67 LCU per US$, period average | 0.68 LCU per US$, period average | 2.15 LCU per US$, period average | 10 |
| 2010s | 6.13 LCU per US$, period average | 2.58 LCU per US$, period average | 9.97 LCU per US$, period average | 8 |
Countries ranked near Venezuela
- 106 Ghana 12.56 LCU per US$, period average compare
- 107 Norway 10.4 LCU per US$, period average compare
- 108 Tajikistan 10.02 LCU per US$, period average compare
- 110 Sweden 9.82 LCU per US$, period average compare
- 111 Morocco 9.35 LCU per US$, period average compare
- 112 Solomon Islands 8.33 LCU per US$, period average compare
More financial sector data for Venezuela
- Net migration -100,467 (2025)
- Total reserves in months of imports 3.65 (2016)
- Net domestic credit 13.91 current LCU (2013)
- Domestic credit to private sector by banks 23.9% (2015)
- Broad money 48.6% (2013)
- Net foreign assets 1.51 current LCU (2013)
- Monetary Sector credit to private sector 27.5% (2013)
- Domestic credit to private sector 27.5% (2013)
- Claims on central government, etc. 7.3% (2013)
- Claims on central government 4.9% (2013)
Frequently asked questions
- What is official exchange rate in Venezuela?
- Official exchange rate in Venezuela was 9.97 LCU per US$, period average in 2017, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Venezuela?
- The highest recorded value was 9.97 LCU per US$, period average in 2017.
- What is the lowest official exchange rate recorded in Venezuela?
- The lowest recorded value was 0.0033 LCU per US$, period average in 1960.
- How does Venezuela rank for official exchange rate?
- Venezuela ranks 109th out of 214 countries with data for 2017.
- Is official exchange rate rising or falling in Venezuela?
- Over the last ten years it is up 364.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
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About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.