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Lakhs And Crores to Millions and Billions

23rd April 2008      

On the receipt of many queries from our visitors regarding conversion of Lakhs and Crores to Millions and Billions, this conversion table has been provided for ready reference.

1
Crore
(1,00,00,000)
100
Lakhs
1
Lakh
(1,00,000)
0.01
Crores
1
Million
(1,000,000)
0.1
Crores
1
Crore
(1,00,00,000)
10
Million
1
Billion
(1,000,000,000)
100
Crores
1
Crore
(1,00,00,000)
0.01
Billion
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To convert a Rupee amount (given in Crores), into its corresponding Dollar amount in Millions, divide the rupee Amount by "Spot Rate", the Current Dollar Rupee rate multiplied by 10.
Thus, Rs 4 Cr = Rs 4,00,00,000/- = 4,00,00,000 / 40 = USD 1 million (assuming the Dollar Rupee Spot rate to be Rs. 40/$
Similarly, Rs 16 Cr = USD 4 million

The idea behind providing this rough and ready conversion method is to help foreigners who may be reading textual articles or financial statements (where amounts are mentioned as "so-many" Crores) in converting these amounts into equivalent Million Dollars.

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Please find below our views on this subject which appeared on Economic Times on 3rd January 2005

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