FACTOID # 1: ‘Dollar’ is the most common currency name, followed by ‘franc,’ ‘pound,’ ‘dinar,’ ‘peso,’ and ‘rupee.’
 
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Currency Statistics > PPP conversion factor to official exchange rate ratio (1977) by country

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Rank   Countries  Amount  Date  
# 1     Sweden: 1.41   1977 Time series
# 2     Norway: 1.3   1977 Time series
# 3     Nigeria: 1.29   1977 Time series
# 4     Congo, Republic of the: 1.27   1977 Time series
# 5     Iceland: 1.26   1977 Time series
# 6     United Arab Emirates: 1.25   1977 Time series
# 7     Jamaica: 1.2   1977 Time series
# 8     Luxembourg: 1.2   1977 Time series
# 9     Denmark: 1.18   1977 Time series
# 10     Australia: 1.16   1977 Time series
# 11     Belgium: 1.14   1977 Time series
# 12     Netherlands: 1.11   1977 Time series
# 13     Germany: 1.1   1977 Time series
# 14     Canada: 1.09   1977 Time series
# 15     Finland: 1.08   1977 Time series
# 16     France: 1.07   1977 Time series
# 17     Kuwait: 1.01   1977 Time series
# 18     Switzerland: 1.01   1977 Time series
# 19     United States: 1   1977 Time series
# 20     Gabon: 0.99   1977 Time series
# 21     Venezuela: 0.93   1977 Time series
# 22     Japan: 0.93   1977 Time series
# 23     Singapore: 0.9   1977 Time series
# 24     Austria: 0.9   1977 Time series
# 25     Syria: 0.87   1977 Time series
# 26     Saudi Arabia: 0.87   1977 Time series
# 27     Trinidad and Tobago: 0.86   1977 Time series
# 28     Zambia: 0.84   1977 Time series
# 29     Hong Kong: 0.82   1977 Time series
# 30     Oman: 0.82   1977 Time series
# 31     Bahamas, The: 0.8   1977 Time series
# 32     Chile: 0.76   1977 Time series
# 33     Jordan: 0.76   1977 Time series
# 34     Turkey: 0.76   1977 Time series
# 35     Belize: 0.75   1977 Time series
# 36     Ireland: 0.75   1977 Time series
# 37     Côte d'Ivoire: 0.75   1977 Time series
# 38     Malaysia: 0.74   1977 Time series
# 39     New Zealand: 0.73   1977 Time series
# 40     Kenya: 0.72   1977 Time series
# 41     Sudan: 0.71   1977 Time series
# 42     Ecuador: 0.7   1977 Time series
# 43     China: 0.69   1977 Time series
# 44     Fiji: 0.68   1977 Time series
# 45     Italy: 0.68   1977 Time series
# 46     Indonesia: 0.67   1977 Time series
# 47     Suriname: 0.66   1977 Time series
# 48     Israel: 0.65   1977 Time series
# 49     United Kingdom: 0.64   1977 Time series
# 50     Cyprus: 0.63   1977 Time series
# 51     Iran: 0.63   1977 Time series
# 52     Zimbabwe: 0.63   1977 Time series
# 53     Malta: 0.61   1977 Time series
# 54     Papua New Guinea: 0.61   1977 Time series
# 55     Spain: 0.61   1977 Time series
# 56     Antigua and Barbuda: 0.61   1977 Time series
# 57     Brazil: 0.6   1977 Time series
# 58     Benin: 0.6   1977 Time series
# 59     Greece: 0.6   1977 Time series
# 60     Sierra Leone: 0.59   1977 Time series
# 61     Panama: 0.59   1977 Time series
# 62     Congo, Democratic Republic of the: 0.57   1977 Time series
# 63     Cameroon: 0.57   1977 Time series
# 64     Senegal: 0.57   1977 Time series
# 65     Korea, South: 0.56   1977 Time series
# 66     Algeria: 0.56   1977 Time series
# 67     Malawi: 0.56   1977 Time series
# 68     Madagascar: 0.55   1977 Time series
# 69     Tunisia: 0.55   1977 Time series
# 70     Portugal: 0.54   1977 Time series
# 71     Costa Rica: 0.54   1977 Time series
# 72     Burkina Faso: 0.54   1977 Time series
# 73     Solomon Islands: 0.53   1977 Time series
# 74     Morocco: 0.53   1977 Time series
# 75     Niger: 0.53   1977 Time series
# 76     Guatemala: 0.53   1977 Time series
# 77     Botswana: 0.53   1977 Time series
# 78     Uruguay: 0.52   1977 Time series
# 79     Dominican Republic: 0.51   1977 Time series
# 80     Chad: 0.51   1977 Time series
# 81     Paraguay: 0.49   1977 Time series
# 82     Swaziland: 0.48   1977 Time series
# 83     Thailand: 0.48   1977 Time series
# 84     Mexico: 0.47   1977 Time series
# 85     Egypt: 0.46   1977 Time series
# 86     Pakistan: 0.46   1977 Time series
# 87     Saint Kitts and Nevis: 0.46   1977 Time series
# 88     Grenada: 0.46   1977 Time series
# 89     Dominica: 0.44   1977 Time series
# 90     Mali: 0.44   1977 Time series
# 91     Argentina: 0.44   1977 Time series
# 92     Honduras: 0.43   1977 Time series
# 93     Mauritania: 0.43   1977 Time series
# 94     Sri Lanka: 0.43   1977 Time series
# 95     Guinea-Bissau: 0.42   1977 Time series
# 96     Togo: 0.42   1977 Time series
# 97     Peru: 0.41   1977 Time series
# 98     Rwanda: 0.4   1977 Time series
# 99     Guyana: 0.4   1977 Time series
# 100     Burundi: 0.39   1977 Time series
# 101     Colombia: 0.39   1977 Time series
# 102     Ghana: 0.39   1977 Time series
# 103     South Africa: 0.38   1977 Time series
# 104     Bolivia: 0.38   1977 Time series
# 105     India: 0.37   1977 Time series
# 106     Saint Vincent and the Grenadines: 0.37   1977 Time series
# 107     Hungary: 0.33   1977 Time series
# 108     Gambia, The: 0.33   1977 Time series
# 109     Central African Republic: 0.32   1977 Time series
# 110     Seychelles: 0.32   1977 Time series
# 111     El Salvador: 0.32   1977 Time series
# 112     Bangladesh: 0.3   1977 Time series
# 113     Nicaragua: 0.29   1977 Time series
# 114     Philippines: 0.28   1977 Time series
# 115     Nepal: 0.27   1977 Time series
# 116     Lesotho: 0.25   1977 Time series
# 117     Kiribati: 0.2   1977 Time series
# 118     Haiti: 0.18   1977 Time series
Weighted average: 0.7  


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.

SOURCE: World Development Indicators database

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CITATION

"PPP conversion factor to official exchange rate ratio (1977) by country", World Development Indicators database. Retrieved from http://www.NationMaster.com/red/graph/cur_ppp_con_fac_to_off_exc_rat_rat-factor-official-exchange-rate-ratio&date=1977&b_map=1

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COMMENTARY     

Andras
30th March 2011 		The definition is wrong.

"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."

Hungary's conversion factor is 0.61, for example. According to the above definition, I'd need 0.61 Hungarian forints to buy the same amount of goods / services in the domestic market that a USD would buy in the US. But 0.61 forints is worth absolutely nothing --it's less than 1 cent.

The definition should read:

DEFINITION: Purchasing power parity conversion factor is the number of units of ***U.S. dollars*** 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.
je
13th June 2010 		I don't understand it.
When I look at the IMF and world bank data I receive different numbers and different factors than the one here.
Are you sure this is correct numbers???
shaft (malaysia)
8th February 2009 		i want the PPP conversion factor to official exchange rate ratio for UAE from 2006 to
thank you
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