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I have import values in LOCEUR (LOC is local currency). How can I obtain these values only in EUR? My data are from Eurostat, where external trade indicator is "Exports in million of ECU/EURO"

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  • $\begingroup$ Would be helpful to know where you got your data. What's the data frequency? Would using average exchange rate be ok? $\endgroup$ – Art Nov 10 '19 at 2:24
  • $\begingroup$ @Art I add this information to my question. $\endgroup$ – Azsb Nov 10 '19 at 12:36
  • $\begingroup$ @Art How average exchange rate should look like? $\endgroup$ – Azsb Nov 10 '19 at 12:38
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    $\begingroup$ I followed your link but it seems to show export share or something. So you have exports in Euros already? I'm a bit confused what you need. $\endgroup$ – Art Nov 10 '19 at 14:04
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    $\begingroup$ If you mean you want to convert ECU to EURO, they are essentially the same currency; one was a basket of European currencies used before 1 Jan 1999, the other is used after. The exchange rate is exactly 1 ECU = 1 EURO. en.wikipedia.org/wiki/European_Currency_Unit#Euro_replaces_ECU So you should be able to use that as EUROs. $\endgroup$ – Art Nov 11 '19 at 2:22
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If you mean you want to convert ECU to EURO, they are essentially the same currency; one was a basket of European currencies used before 1 Jan 1999, the other is used after. The exchange rate is exactly 1 ECU = 1 EURO (reference) So you should be able to use that as EUROs.

Note: This came from my comment above, which I take that it helped the OP. Just to boost up answered questions ratio for this site.

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