That number translates to the number of revolutions the speedometer cable makes to register 1 mile or kilometer depending on what its setup for.
So for a mile....
1609.344 (meters) / 1540 = 1.045028571428571
And for kms....
1000 (meters) / 950 = 1.052631578947368
So (i think!) they are slightly different but nothing too major.
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