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 > Laos (historical data)

 VIEW DATA: Values
Definition     Source      Printable version
 Date Amount Rank 2005 0.24 #137 2004 0.23 #143 2003 0.21 #147 2002 0.2 #145 2001 0.2 #146 2000 0.22 #145 1999 0.2 #156 1998 0.19 #161 1997 0.27 #143 1996 0.32 #125 1995 0.33 #117 1994 0.31 #115 1993 0.3 #122 1992 0.27 #134 1991 0.27 #136 1990 0.25 #148 1989 0.22 #142 1988 0.22 #143 1987 0.41 #91 1986 0.68 #36 1985 0.97 #8 1984 0.78 #26

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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