Brief information about Greek Currency

FACTOID # 1: ‘Dollar’ is the most common currency name, followed by ‘franc,’ ‘pound,’ ‘dinar,’ ‘peso,’ and ‘rupee.’

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Europe > Greece > Currency

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Official exchange rate > LCU per US$, period average	0.8
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PPP conversion factor to official exchange rate ratio	0.87		[28th of 169]
DEFINITION: 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.		View time series
SOURCE: World Development Indicators database
Real effective exchange rate index	113.7 %		[23rd of 96]
DEFINITION: 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		View time series
SOURCE: World Development Indicators database
S&P/EMDB indexes > annual % change	-31.24 annual % change		[51st of 58]
DEFINITION: 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.		View time series
SOURCE: World Development Indicators database
Terms of trade since 1995	94.82		[69th of 117]
DEFINITION: Net barter terms of trade (1995 = 100). Net barter terms of trade are the ratio of the export price index to the corresponding import price index measured relative to the base year 1995.
SOURCE: World Development Indicators database