What is 120 USD in Real Terms?
When discussing currencies, it's essential to understand the value of money in real terms. In this article, we'll explore what 120 USD is equivalent to in different currencies and its purchasing power.
120 USD in Other Currencies
Let's take a look at the equivalent value of 120 USD in other popular currencies:
EUR (Euro)
120 USD is approximately equal to 105 EUR.
GBP (British Pound)
120 USD is approximately equal to 90 GBP.
AUD (Australian Dollar)
120 USD is approximately equal to 170 AUD.
CAD (Canadian Dollar)
120 USD is approximately equal to 155 CAD.
BRL (Brazilian Real)
120 USD is approximately equal to 600 BRL.
Purchasing Power of 120 USD
Now that we've seen the equivalent values in other currencies, let's examine the purchasing power of 120 USD in different aspects of life.
Food and Beverages
With 120 USD, you can buy:
- 10-15 fast food meals
- 2-3 mid-range restaurant meals
- 1-2 weeks' worth of groceries for one person
Transportation
With 120 USD, you can:
- Fill up your gas tank 2-3 times (depending on the fuel efficiency and tank size)
- Take a domestic flight or a few bus rides
- Rent a car for a day or two
Accommodation
With 120 USD, you can:
- Book a hostel room for 5-7 nights
- Rent a budget hotel room for 2-3 nights
- Book an Airbnb for 1-2 nights
Entertainment
With 120 USD, you can:
- Buy 2-3 concert tickets
- Rent a movie ticket 10-15 times
- Play video games or buy in-game items
In conclusion, the value of 120 USD varies greatly depending on the currency and location. While it can buy you a decent amount of goods and services, its purchasing power is limited compared to higher denominations.
