Purchasing Power Parity Calculator
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Purchasing Power Parity Calculator for New Zealand (USD vs NZD)
What is New Zealand's (NZD) equivalent in USD based on purchasing power?
Use this calculator to find purchasing power parity for New Zealand's (NZD). Purchasing power parity (PPP) is a theory that estimates the amount of adjustment needed on the exchange rate between countries to make the exchange of goods and services of the two countries equal. This means that a good or service should have the same price in one country as it does in another country, after taking into account the exchange rate between the two countries.
New Zealand Purchasing Power Parity
The current PPP rate for New Zealand's (NZD) is 1.558.
What does this mean?
This means that 1 USD is euqivalent to 1.558 NZD in New Zealand based on the general cost & standard of living in New Zealand.
Source
World Bank 'Purchasing Power Parities and the Size of World Economies' - 2017 International Comparison ProgramGet funding with a business plan that will impress investors.
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