FEDERATION OF BOSNIA AND HERZEGOVINAMonthly minimum wage:
- Net (EUR): 208
- (EUR): 311
- Local currency: 605.48 mark
Hourly rate:
- (Local): 3.44 mark
- (USD): 2.01
- (USD, PPP*): 4.90
Effective at: 1 January 2017
*PPP - Purchasing power parity is a way of measuring economic variables in different countries so that irrelevant exchange rate variations do not distort comparisons. Purchasing power exchange rates are such that it would cost exactly the same number of, for example, US dollars to buy euros and then buy a basket of goods in the market as it would cost to purchase the same goods directly with dollars. The purchasing power exchange rate used in this conversion equals the ratio of the currencies' respective purchasing powers (reciprocals of their price levels).
