Conversion rates

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Conversion rates presents data on purchasing power parities (PPP) and exchange rates. PPPs are the rates of currency conversion that equalise the purchasing power of different currencies by eliminating the differences in price levels between countries. PPPs are used to remove the effects of the different levels of prices within a group of countries at a point in time. Exchange rates are used to convert GDP in different currencies to a common currency.

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Keywords:  ppp, exchange rate
 

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  • Purchasing power parities (PPP)

    Purchasing power parities (PPP) is defined as the rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries.
  • Exchange rates

    Exchange rates are defined as the price of one country's currency in relation to another. Exchange rates may be expressed as period average rates or end of period rates.
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