FACTOID # 2: Iran, Cuba, Iraq and Syria all have something in common: their currencies are fixed to the US Dollar.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
 
 
WHAT'S NEW
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


South America > Venezuela > Currency

VENEZUELAN CURRENCY STATS:   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Currency bolivar
DEC alternative conversion factor > LCU per US$ 2089.75 ...
ISO code VEB 862
Official exchange rate > LCU per US$, period average 2147 ...
PPP conversion factor to official exchange rate ratio 34 ... [34th of 169]
Real effective exchange rate index 93 % ... [93rd of 96]
Regime float
S&P/EMDB indexes > annual % change 5 annual % change ... [5th of 58]
Subdivision 128 [128th of 192]
Symbol Bs

... View all Currency stats

SOURCES: A nation's primary official unit of currency; The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.; ISO is the International Standards Organisation ISO has specified 3 letter codes for most, if not all currencies in the world. Although the standard can be purchased from ISO's web site, the codes are often published by data vendors and in market literature.; Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).; Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar). The ratio of the PPP conversion factor to the official exchange rate (also referred to as the national price level) makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.; 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.
2000 = 100; ; S&P/EMDB indexes measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/IFCG country indexes.; The unit, and the number of those units, into which a nation's primary official unit of currency is most commonly divided.

ALTERNATIVE NAMES: Venezuela, Bolivarian Republic of Venezuela, Republica Bolivariana de Venezuela, Venezuela, RB

Related links:

More facts and figures on Venezuela

 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your location
Your comments
Please enter the 5-letter protection code


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
© Copyright NationMaster.com 2003-2008. All Rights Reserved. Usage implies agreement with terms.