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23rd April 2008
On the receipt of many queries from our visitors regarding conversion of Lakhs and Crores to Millions and Billions, this conversion table has been provided for ready reference.
| 1 |
Crore
(1,00,00,000)
|
|
100 |
Lakhs |
| 1 |
Lakh
(1,00,000)
|
|
0.01 |
Crores |
| 1 |
Million
(1,000,000)
|
|
0.1 |
Crores |
| 1 |
Crore
(1,00,00,000)
|
|
10 |
Million |
| 1 |
Billion
(1,000,000,000)
|
|
100 |
Crores |
| 1 |
Crore
(1,00,00,000)
|
|
0.01 |
Billion |
|
|
|
To convert a Rupee amount (given in Crores), into its corresponding Dollar amount in Millions, divide the rupee Amount by "Spot Rate", the Current Dollar Rupee rate multiplied by 10.
Thus, Rs 4 Cr = Rs 4,00,00,000/- = 4,00,00,000 / 40 = USD 1 million (assuming the Dollar Rupee Spot rate to be Rs. 40/$
Similarly, Rs 16 Cr = USD 4 million
The idea behind providing this rough and ready conversion method is to help foreigners who may be reading textual articles or financial statements (where amounts are mentioned as "so-many" Crores) in converting these amounts into equivalent Million Dollars.
Dear Visitors, If you are interested in this page you might be interested in Dollar-Rupee forecasts also. Click here to see our Dollar-Rupee report.
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Please find below our views on this subject which appeared on Economic Times on 3rd January 2005
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Our July'10 Longterm forecast is now available. To order a PAID copy, please
mail us.
In order to read our previous forecasts please Click Here.
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