CGPA Calculator & Converter
Select Your Grading Scale
Please choose the grading scale you use:
How to Use This Tool
This tool allows you to:
- Calculate your CGPA by entering subject credit hours and grade points.
- Convert CGPA to Percentage and vice versa using the appropriate conversion formula based on your grading scale.
First, select your grading scale. Then use the sections below for your desired calculations.
Calculate Your CGPA
CGPA to Percentage Converter
Percentage to CGPA Converter
CGPA to Percentage Conversion Table
PPP Calculator
Compare purchasing power and see how far your money goes across countries.
PPP Conversion
Formula used: PPP Adjusted Amount = Nominal Amount × Exchange Rate × (Cost of Living IndexSource / Cost of Living IndexDestination)
Detailed Information About Purchasing Power Parity (PPP)
Purchasing Power Parity (PPP) is a fundamental economic theory used to compare the relative value of currencies and determine the purchasing power of money in different countries. Unlike nominal exchange rates, PPP takes into account the cost of living and inflation differences, offering a more realistic view of how much goods and services money can buy in various economies.
What is PPP?
PPP is based on the idea that in efficient markets, identical goods should cost the same in different countries when prices are expressed in a common currency. This concept helps economists and policymakers compare living standards and economic productivity by normalizing price levels. PPP is widely used in international economic comparisons, such as adjusting GDP figures and comparing income levels across countries.
How is PPP Calculated?
The core formula used in our calculator is:
PPP Adjusted Amount = Nominal Amount × Exchange Rate × (Cost of Living IndexSource / Cost of Living IndexDestination)
This formula adjusts the nominal amount by the exchange rate and the ratio of cost of living indices between the source and destination countries. It provides a more accurate measure of the real value of money when comparing different economies.
General Facts About PPP
- Global Economic Comparisons: PPP is crucial for comparing the economic performance and living standards of countries by adjusting for price level differences.
- Big Mac Index: An informal measure of PPP is the Big Mac Index, which compares the price of a Big Mac burger in different countries as a proxy for currency valuation.
- Income and GDP Adjustments: Economists use PPP-adjusted figures to compare national income, GDP, and other economic indicators on a more level playing field.
- Policy and Investment Decisions: PPP data informs government policy, international aid decisions, and investment strategies by revealing the true cost of living and consumer purchasing power.
- Limitations: While PPP offers valuable insights, variations in regional price data, differences in consumption patterns, and non-tradable goods can affect its accuracy.
Overall, understanding PPP is essential for anyone involved in international business, economics, or finance, as it provides a more comprehensive view of economic realities beyond nominal exchange rates.