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

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 millionSimilarly, Rs 16 Cr = USD 3.29 million.

Please note we are dividing Rs 4.87 Crores (in Words), by 4.87 to arrive 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 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.


Thanks Source : http://www.kshitij.com/utilities/LnCtoMnB.shtml