The present invention provides a clock ratio controller for dynamic voltage and frequency scaled digital systems, and applications thereof. In an embodiment, a digital system is provided that includes a first digital circuit that operates at a first rate determined by a first clock signal and a second digital circuit that operates at a second rate determined by a second clock signal. The first digital circuit is coupled to the second digital circuit by a bus that is used for communications between the first digital circuit and the second digital circuit. A clock ratio controller is used to adjust the frequency of the first clock signal and/or the second clock signal in response to a power management signal without causing a loss of synchronization between the first digital circuit and the second digital circuit.