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

 Home Encyclopedia Statistics Countries A-Z Flags Maps Education Forum FAQ About

 WHAT'S NEW EDUCATION

SEARCH ALL

Search encyclopedia, statistics and forums:

(* = Graphable)

Currency Statistics > PPP conversion factor to official exchange rate ratio > Israel (historical data)

 VIEW DATA: Values
Definition     Source      Printable version
 Date Amount Rank 2005 0.69 #41 2004 0.71 #39 2003 0.72 #36 2002 0.7 #34 2001 0.77 #27 2000 0.8 #29 1999 0.79 #27 1998 0.82 #26 1997 0.86 #27 1996 0.86 #29 1995 0.84 #30 1994 0.76 #32 1993 0.73 #33 1992 0.79 #31 1991 0.77 #34 1990 0.76 #33 1989 0.72 #35 1988 0.74 #33 1987 0.63 #49 1986 0.58 #52 1985 0.5 #58 1984 0.58 #50 1983 0.64 #45 1982 0.62 #55 1981 0.63 #61 1980 0.68 #65 1979 0.64 #66 1978 0.57 #70 1977 0.65 #48 1976 0.62 #50 1975 0.66 #47

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.

Want to know more?
Search encyclopedia, statistics and forums:

Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact