In 1948 the exchange rate ranged from 3.09 to 4.80 bolívars per US dollar, making the value of two million bolívars range from about $647,249 to $416,666.67. Adjusting the value in US dollars for inflation from 1948, the value on January 16, 2015, would range from $6,357,974 to $4,092,946, assuming a cumulative rate of change of 882.3%. The data used to determine the cumulative rate of change was culled from the CPI published on January 16, 2015. An online version of the calculator can be found at www.coinnews.net. The range of historical exchange rates are found under the article, "Currency of Venezuela"
