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 > Burkina Faso (historical data)

 VIEW DATA: Values
Definition     Source      Printable version
 Date Amount Rank 2005 0.32 #111 2004 0.32 #112 2003 0.3 #110 2002 0.25 #126 2001 0.23 #137 2000 0.23 #141 1999 0.26 #130 1998 0.28 #132 1997 0.27 #137 1996 0.31 #126 1995 0.3 #124 1994 0.25 #144 1993 0.31 #115 1992 0.32 #116 1991 0.46 #75 1990 0.51 #65 1989 0.45 #76 1988 0.47 #75 1987 0.47 #79 1986 0.41 #87 1985 0.35 #100 1984 0.35 #103 1983 0.4 #95 1982 0.45 #86 1981 0.53 #77 1980 0.66 #72 1979 0.66 #57 1978 0.62 #58 1977 0.54 #72 1976 0.49 #79 1975 0.55 #70

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.

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