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The World Price Index Converter

The World Price Index (WPI) measures the value of an urban selection of goods and services at purchasing power parity, reflecting the real purchasing power of different nations. With same-month prices, monthly and rolling annual averages can be created, allowing for rapid and accurate international price comparisons.

This calculator allows you to convert currency into another based on it's purchasing power instead of the offical exchange rate, this demonstrates how much you could buy with your money in different countries.

E.g. At official exchange rates in June 2013, 64p was needed in the UK to buy a $1 basket of items; however, the WPI shows that 75p was actually needed. We can draw the conclusion that to buy the same items in the Pound using US Dollars you will require 13.6% more.

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