Purchasing Power Parity Calculator
Features:
- Input Fields:
- Amount in Local Currency (₹): The amount you want to compare.
- PPP Conversion Factor: The conversion factor for Purchasing Power Parity between the two countries.
- Foreign Currency Value ($): The equivalent value in foreign currency (e.g., USD).
- Calculate Button: Click to calculate the equivalent purchasing power.
- Results Display:
- Equivalent Purchasing Power: Shows the purchasing power equivalent based on the PPP conversion factor.
How It Works:
- The user inputs the amount in local currency, the PPP conversion factor, and the foreign currency value.
- The calculator computes the equivalent purchasing power using the formula:Equivalent Purchasing Power=Amount×(Foreign Currency ValuePPP Rate)\text{Equivalent Purchasing Power} = \text{Amount} \times \left( \frac{\text{Foreign Currency Value}}{\text{PPP Rate}} \right)Equivalent Purchasing Power=Amount×(PPP RateForeign Currency Value)
- The result is displayed below the form in real-time after the user clicks the "Calculate" button.
Embedding in WordPress:
- Copy this code into a Custom HTML block on your WordPress site, and the PPP Calculator will be ready to use.