International dollar

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The international dollar (int'l dollar or intl dollar, symbols Int'l$., Intl$., Int$), also known as Geary–Khamis dollar (symbols G-K$ or GK$), is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar had in the United States at a given point in time.[1][2] It is widely used in economics and financial statistics for various purposes, most notably to determine and compare the purchasing power parity and gross domestic product of various countries and markets. The year 1990 or 2000 is often used as a benchmark year for comparisons that run through time. The unit is often abbreviated, e.g. 2000 US dollars (if the benchmark year is 2000) or 2000 Int'l$.

It is based on the twin concepts of purchasing power parities (PPP) of currencies and the international average prices of commodities. It shows how much a local currency unit is worth within the country's borders. It is used to make comparisons both between countries and over time. For example, comparing per capita gross domestic product (GDP) of various countries in international dollars, rather than based simply on exchange rates, provides a more valid measure to compare standards of living. It was proposed by Roy C. Geary in 1958 and developed by Salem Hanna Khamis between 1970 and 1972.

Figures expressed in international dollars cannot be converted to another country's currency using current market exchange rates; instead they must be converted using the country's PPP exchange rate used in the study.

Exchange rate by country[edit]

According to IMF, below is the exchange rate of International dollar to local currency of respective countries in 2018:

Sl. No.[clarification needed] Country Exchange rate in 2018[3]
1 Afghanistan 19.483
2 Albania 42.454
3 Algeria 31.034
4 Angola 133.623
5 Antigua and Barbuda 1.683
6 Argentina 15.95
7 Armenia 196.873
8 Aruba 1.154
9 Australia 1.44
10 Austria 0.833
11 Azerbaijan 0.445
12 Bahamas, The 1.005
13 Bahrain 0.191
14 Bangladesh 31.561
15 Barbados 1.904
16 Belarus 0.642
17 Belgium 0.818
18 Belize 1.143
19 Benin 211.003
20 Bhutan 22.711
21 Bolivia 3.119
22 Bosnia and Herzegovina 0.702
23 Botswana 4.531
24 Brazil 2.027
25 Brunei Darussalam 0.528
26 Bulgaria 0.665
27 Burkina Faso 200.504
28 Burundi 753.844
29 Cabo Verde 45.624
30 Cambodia 1399.891
31 Cameroon 225.503
32 Canada 1.207
33 Central African Republic 315.84
34 Chad 201.125
35 Chile 396.744
36 China, People's Republic of 3.499
37 Colombia 1314.614
38 Comoros 207.693
39 Congo, Dem. Rep. of the 976.995
40 Congo, Republic of 209.142
41 Costa Rica 393.262
42 Croatia 6.25
43 Cyprus 0.6
44 Czech Republic 13.45
45 Côte d'Ivoire 223.279
46 Denmark 7.356
47 Djibouti 93.361
48 Dominica 1.888
49 Dominican Republic 22.49
50 Ecuador 0.541
51 Egypt 3.425
52 El Salvador 0.488
53 Equatorial Guinea 255.465
54 Eritrea 4.865
55 Estonia 0.578
56 Eswatini 5.168
57 Ethiopia 10.028
58 Fiji 1.112
59 Finland 0.903
60 France 0.792
61 Gabon 247.587
62 Gambia, The 13.22
63 Georgia 0.964
64 Germany 0.77
65 Ghana 1.567
66 Greece 0.592
67 Grenada 1.846
68 Guatemala 4.048
69 Guinea 3532.387
70 Guinea-Bissau 235.528
71 Guyana 120.031
72 Haiti 30.474
73 Honduras 11.646
74 Hong Kong SAR 5.915
75 Hungary 134.826
76 Iceland 144.259
77 India 18.13
78 Indonesia 4240.903
79 Iran 17.750
80 Iraq 395.634
81 Ireland 0.833
82 Israel 3.943
83 Italy 0.732
84 Jamaica 73.926
85 Japan 98.089
86 Jordan 0.321
87 Kazakhstan 117.161
88 Kenya 50.041
89 Kiribati 1.05
90 Korea, Republic of 847.093
91 Kosovo 0.322
92 Kuwait 0.14
93 Kyrgyz Republic 22.703
94 Lao P.D.R. 2842.329
95 Latvia 0.51
96 Lebanon 949.423
97 Lesotho 5.302
98 Liberia 0.513
99 Libya 0.759
100 Lithuania 0.465
101 Luxembourg 0.919
102 Macao SAR 5.692
103 Madagascar 939.227
104 Malawi 213.558
105 Malaysia 1.427
106 Maldives 10.265
107 Mali 216.138
108 Malta 0.574
109 Marshall Islands 1.029
110 Mauritania 10.238
111 Mauritius 16.071
112 Mexico 9.145
113 Micronesia, Fed. States of 1.052
114 Moldova 7.337
115 Mongolia 736.791
116 Montenegro 0.387
117 Morocco 3.537
118 Mozambique 22.368
119 Myanmar 288.453
120 Namibia 7.046
121 Nauru 1.269
122 Nepal 34.978
123 Netherlands 0.798
124 New Zealand 1.483
125 Nicaragua 11.586
126 Niger 216.631
127 Nigeria 110.449
128 North Macedonia 20.231
129 Norway 8.919
130 Oman 0.152
131 Pakistan 30.278
132 Palau 1.029
133 Panama 0.61
134 Papua New Guinea 2.372
135 Paraguay 2538.502
136 Peru 1.617
137 Philippines 18.28
138 Poland 1.741
139 Portugal 0.612
140 Puerto Rico 0.802
141 Qatar 1.976
142 Romania 1.829
143 Russian Federation 24.572
144 Rwanda 296.092
145 Saint Kitts and Nevis 1.613
146 Saint Lucia 2.057
147 Saint Vincent and the Grenadines 1.659
148 Samoa 1.883
149 San Marino 0.687
150 Saudi Arabia 1.584
151 Senegal 217.987
152 Serbia 41.223
153 Seychelles 7.589
154 Sierra Leone 2647.673
155 Singapore 0.859
156 Slovak Republic 0.472
157 Slovenia 0.602
158 Solomon Islands 7.804
159 Somalia 0.391
160 South Africa 6.172
161 South Sudan, Republic of 33.285
162 Spain 0.648
163 Sri Lanka 49.561
164 Sudan 7.67
165 Suriname 2.863
166 Sweden 8.807
167 Switzerland 1.251
168 Syria no data
169 São Tomé and Príncipe 12.164
170 Taiwan Republic of China 14.212
171 Tajikistan 2.206
172 Tanzania 722.834
173 Thailand 12.354
174 Timor-Leste 0.435
175 Togo 212.697
176 Tonga 1.738
177 Trinidad and Tobago 3.435
178 Tunisia 0.731
179 Turkey 1.619
180 Turkmenistan 1.267
181 Tuvalu 1.252
182 Uganda 1085.74
183 Ukraine 9.115
184 United Arab Emirates 2.107
185 United Kingdom 0.697
186 United States 1
187 Uruguay 22.553
188 Uzbekistan 1472.271
189 Vanuatu 123.395
190 Venezuela 6.542
191 Vietnam 7790.097
192 Yemen 195.891
193 Zambia 3.818
194 Zimbabwe 1.005

See also[edit]

References[edit]

  1. ^ "International Dollar Geary-Khamis Defined, Examples Explained". Business Case Web Site. 24 February 2016. Retrieved 13 April 2019.
  2. ^ "What is an "international dollar"?". World Bank Data Help Desk. Retrieved 13 April 2019.
  3. ^ Implied PPP conversion rate. National currency per international dollar, IMF DataMapper

External links[edit]