Thus, in a similar manner students can remember other big numbers. For example, one million will have six zeros and it is written as 1000,000. Similarly, if students want to remember other big numbers they can count the zeroes. Students can remember this by counting the zeroes. One billion can be written as 1,000,000,000. The names given to different numbers in the Indian and international system are different and students must know this concept for excelling in higher classes.ġ Billion is a big number and it is equal to 10,000 lakhs in Indian money. Students must know how to convert international numbers in the Indian system. It is important that students must have knowledge of both the Indian and the International System of place values to identify big numbers easily. One is the Indian system of place value and the other is the International System of place value. Mainly, students are taught about two different systems of place value. There are different ways to identify the numbers. They must have proper knowledge and information about the rules for identifying big numbers. It is important that students must understand how to identify big numbers. Students get scared by seeing big numbers but nothing to get scared of. We'll also look at the position value chart for both the Indian and International systems. Let us look at the value of 1 billion in rupees of the Indian scheme of place value and 1 billion dollars in rupees in words. Starting with the unit location (one's place), the place value progresses to tens, hundreds, thousands, and so on. The place value is ordered from right to left. With the support of positions, numbers in the general form can be extended. The place value charts are used to determine the number's positional values. The Indian System and the International System are the two. There are two ways to interpret the place value of the digits in a number. The concept of place value is used in mathematics to describe quantities. 1,000,000,000 is a natural number that equals one billion. Also, visit our blog and youtube channel for more details.In rupees, one billion equals 10,000 lakhs. Connect to our experts using the button below to get advisory on choosing the best time to remit money to India capitalizing on the best exchange rates for USD to INR. But worry not! We at SBNRI, trace these changes on a regular basis to help you with your investments and remittances. These factors are very volatile and these exchange rates fluctuate every day. The balancing of imports with exports is a very essential factor to determine the strength and value of the currency. The more the country exports its goods and services the more the currency strengthens. With the positives falling in one place, the value of the currency rises and it becomes preferred by investors globally. The economic, social and political conditions of a country defines how strong or weak its currency will be. There are a lot of other factors that affect the rate of exchange such as interest rates, balance of payments, supply of money, etc. The lowering of inflation is a healthy sign for the economy of the country resulting in the appreciation of the currency. The exchange rate of the currencies is impacted by external factors like inflation, which refers to the rates at which the general price of goods and services increase in a country. The Forex market is the largest market in the world and the trade of currencies happens almost all the time. How to find the Cheapest way to Remit Money to India The Factors effecting Exchange RateĬonverting one currency to another involves multiple factors that affect these exchange rates.
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