Conversion of lakhs and crores to millions and billions
Conversion of lakhs and crores to millions and billions
|
Indian Quotation |
Amount |
International Quotation |
|
|
1 Lakh |
100,000.00 |
100 Thousands |
|
| 10 Lakhs |
1,000,000.00 |
1 Million |
|
| 1 Crore |
10,000,000.00 |
10 Million |
|
| 10 Crores |
100,000,000.00 |
100 Million |
|
| 100 Crores |
1,000,000,000.00 |
1 Billion |
Regarding conversion of Lakhs and Crores to Millions and Billions, this conversion table has been provided for ready reference.
To convert a Rupee amount (given in Crores), into its corresponding Dollar amount in Millions,divide the rupee Amount by 4.87. Thus, Rs 4.87 Cr = Rs 4,87,00,000/- = USD 1 million
Similarly, Rs 16 Cr = USD 3.29 million
Please note we are dividing Rs 4.87 Crores (in Words), by 4.87 to arrve at $ 1 million (in words). Inherent within this is the unstated equation which says 1 million = 0.1 Crore (Rs 4.87 Cr / 0.1) / 48.7 = Rs 4.87 Cr / 4.87 = $ 1 million
The idea behind providing this rough and ready conversion method is to help Indians who may be reading textual articles or financial statements (where amounts are mentioned as “so-many” Millions/billions).
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