Not an exchange-desk rate
PPP supports economic comparison. It is not a rate a bank must offer.
FinFly Explains / Economy
Purchasing power parity
PPP compares currencies through the cost of comparable goods and services across countries.
Different rankings
Market-rate GDP and PPP-adjusted GDP answer different questions. FinFly recommends checking the conversion method first.
Not your budget
Average prices do not replicate one household’s spending or predict relocation costs.
Method
Primary sources
The explainer is checked against these institutional and industry sources. Links open the original material.