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  • Converting data in national currencies in panel data set into one common currency

    Hello everyone,

    I am currently working on my Master Thesis and I would need a help with conversion of data in national currency into unified one/ euro.
    My data set consists of a number of European countries. In some of them the national currency is euro, in some of them the national currency is something else (Denmark, Great Britain, etc.). Would you please help me figure out, how to convert the non-Euro currencies in the easiest way, I would like to avoid doing it manually as it creates too much space for a mistake.

    I have found Stata module for Importing Exchange rates (Version 1.4.0: 2013/02/22) by Damian C. Clarke & Pavel Luengas Sierra, however I am not totally sure how to use it.

    I will be grateful for any advice!

    Thank you very much and have a lovely day.

    Natalia
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