2.5 Using exchange rates to make cross national comparisons

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This section looks at the mechanism whereby data denominated in money terms but different currencies can be transformed to a common currency.

It discusses market exchange rates both from the perspective of converting series into a common base currency and as comparative data themselves.

It considers the use of exchange rates to create indexes such as weighted exchange rates and purchasing power parity rates that can be used as more accurate bases for comparison of money data across different locations.

It indicates where exchange rate data can be found in the UK Data Service macro databanks.

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2.1 Introduction
2.2 Learning objectives
2.3 Nature of the UK Data Service Macro Databanks
2.4 Using money as a measure to make cross national comparisons
- 2.4.1. Money as a common measurement base
- 2.4.2 Limitation of data
2.5. Using exchange rates to make cross national comparisons
2.6. Using national accounts data to make cross national comparisons

The University of Manchester; Mimas; ESRC; RDI

Countries and Citizens: Unit 2 Making cross-national comparisons using macro data by Dave Fysh, University of Portsmouth is licensed under a Creative Commons Attribution-Non-Commercial-Share Alike 2.0 UK: England & Wales Licence.