Purchasing Power Parity Calculator
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Purchasing Power Parity Calculator for South Korea (USD vs KRW)
What is South Korea's (KRW) equivalent in USD based on purchasing power?
Use this calculator to find purchasing power parity for South Korea's (KRW). 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.
South Korea Purchasing Power Parity
The current PPP rate for South Korea's (KRW) is 902.695.
What does this mean?
This means that 1 USD is euqivalent to 902.695 KRW in South Korea based on the general cost & standard of living in South Korea.
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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