Standard edition for Delphi XE3

I have Embarcadero edition of Fast Reports that comes with Delphi XE3. I want to export my reports to Excel and I see that I need the standard edition ($199). I see that I can buy FastReport VCL 5.

So I want to know will it work with my Delphi XE3 or is it only for XE5? Also when I buy the standard edition can I easily replace my current Embarcadero edition without having to make changes to my projects (sorce code and current frx components) ?

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