Dear all, I am conducting a global study on Earnings Management and I use Compustat Global as my major data source. Unfortunately, financial data are presented in local currencies. I need to convert all these currencies to USD equivalents in Stata to aid comparison.
I would be grateful if any support is given on how to write a stata command to execute above.
Thank you.
Daniel Akpan
Hi, Though options are limited however Stata does support several importing data in a variety of formats one of which is 'import fred'. If not then you need to explore the option to purchase a separate data conversion package.
Kindly check this out: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwj--L23otX4AhW0SPEDHRMYAvsQFnoECA0QAQ&url=https%3A%2F%2Fwww.statalist.org%2Fforums%2Fforum%2Fgeneral-stata-discussion%2Fgeneral%2F1392817-how-to-convert-all-variables-with-different-currencies-to-one-currency-based-variables-in-a-big-dataset&usg=AOvVaw3CfIna3iAXexQQ4Khk7u9V
I have never seen these commands in Stata. You may first calculate them in Excel and then convert the data to Stata
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