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Conversion of lakhs and crores to millions and billions

April 13th, 2012 Leave a comment Go to comments

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

ImageRegarding 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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