For
a given country i: YAN(i) = GDP at international value (dollars
and national current prices) YOU(i) = GDP on a PPP basis (dollars and
international constant prices) EU(i) = Dollar exchange rate in national
currency EU (EEC at 15) = Dollar exchange rate in ECU
Price level
versus the USA: Price level versus EEC average
: Price level versus the world:
Real
exchange rate
(%)
Dollar
value in national currency:
Ecu value in national currency: Remarks: ·
The real exchange rates are conventional for the eastern countries (R to
TA). Furthermore, this calculation does not include the terms of trade effect
and this outcome is only significant for manufactured goods exporting countries
(A to L, NC, QB, and QC areas). ·
The dollar exchange rate against the ECU is for the EEC area. For the ECU
purchasing power parity exchange rate in national currency, we take the
GDP weighting. ·
To convert the dollar trade figures into national currency we multiply the
trade flows by the exchange rates.
