Lakh is used to describe the sum of 100,000 esp. of rupees (currencies in India and Pakistan). Right now 1.00 INR is equivalent to 0.0162716 USD, therefore 80 lakhs (8,000,000 INR) is equivalent to $130,165.49 USD
Check out the latest exchange rate at xe.com.
Between commissions, credit card surcharges, ATM fees and goodness knows what else, you'll almost always have to pay a little extra for the privilege of exchanging one currency for another.
But how can you minimize these expenses and get the best exchange rate when traveling in a foreign country? Check out some tips to avoid wasting money when you exchange currencies at Investopedia.com.
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