how much usd is one crore

less than a minute read 07-09-2024

When it comes to converting currencies, terms like "crore" can be a bit confusing. In this article, we’ll break down how much one crore is in US dollars (USD) and help clarify any confusion surrounding this term.

Understanding the Term "Crore"

What is a Crore?

In many countries, particularly in South Asia, crore is a term used to denote ten million (10,000,000). The term is commonly used in countries like India, Pakistan, Bangladesh, and Nepal.

The Currency Exchange Rate

To convert one crore to USD, we need to consider the current exchange rate between the Indian Rupee (INR) and the US Dollar (USD). As of October 2023, the approximate exchange rate is:

1 USD = 82 INR (this rate can fluctuate)

Conversion: One Crore to USD

To find out how much one crore is in USD, you can use the following formula:

1 Crore (INR) / Current Exchange Rate (INR/USD)

Substituting the values, we have:

1 Crore = 10,000,000 INR
Current Exchange Rate = 82 INR/USD

Calculation

10,000,000 INR ÷ 82 INR/USD = 121,951.22 USD

So, one crore INR is approximately 121,951.22 USD.

Summary

One Crore = 10,000,000
Current Exchange Rate = 82 INR/USD
1 Crore = ~121,951.22 USD

Additional Tips

Currency rates fluctuate: Always check the latest rates when converting currency, as they can change daily.
Use trusted conversion tools: Websites like XE.com or Google can provide up-to-date conversions and exchange rates.

For further reading on currency conversion and economic factors influencing exchange rates, check out our related articles:

By having a clear understanding of what a crore means and how to convert it to USD, you'll be better equipped to handle financial discussions involving different currencies.