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 > Vietnam (historical data)

 VIEW DATA: Values
Definition     Source      Printable version
 Date Amount Rank 2005 0.21 #144 2004 0.2 #153 2003 0.19 #153 2002 0.19 #154 2001 0.19 #150 2000 0.2 #150 1999 0.2 #157 1998 0.2 #158 1997 0.21 #162 1996 0.21 #164 1995 0.2 #165 1994 0.17 #167 1993 0.16 #166 1992 0.13 #165 1991 0.14 #164 1990 0.1 #164 1989 0.11 #150 1988 0.5 #67 1987 0.78 #32 1986 0.6 #50 1985 0.34 #104

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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