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- Using Simple Arithmetic Formula for Currency Conversion in Excel. In this section, we will convert currency using a simple arithmetic formula in Excel.
- Currency Conversion in Excel by Applying Nested IF Function. In this part, we will use nested IF functions in Excel to convert currency. In the following dataset, we have currency amounts in USD in the range B6:B15.
- Using VLOOKUP Function to Convert Currency in Excel. In this section, we will perform currency conversion in Excel using the VLOOKUP function. We have a list of currencies in column B and conversion rates in column C in the following dataset.
- Using INDEX MATCH Functions to Convert Currency in Excel. Here, we will combine the INDEX function and the MATCH function to do the currency conversion.
- Overview
- Use the Currencies data type to calculate exchange rates
- See also
With the Currencies data type you can easily get and compare exchange rates from around the world. In this article, you'll learn how to enter currency pairs, convert them into a data type, and extract more information for robust data.
1.Enter the currency pair in a cell using this format: From Currency / To Currency with the ISO currency codes.
For example, enter "USD/EUR" to get the exchange rate from one United States Dollar to Euros.
2.Select the cells and then select Insert > Table. Although creating a table isn't required, it'll make inserting data from the data type much easier later.
3.With the cells still selected, go to the Data tab and select the Currencies data type.
If Excel finds a match between the currency pair and our data provider, your text will convert to a data type and you'll see the Currencies icon in the cell.
4.To extract more information from the Currencies data type, select one or more converted cells and select the Insert Data button that appears or press Ctrl/Cmd+Shift+F5.
Apr 27, 2024 · Step 7) Press Control + 1 to launch the Format Cells dialog box. Step 8) Go to the Number tab > Currency from the left pane. Step 9) Select the currency symbol for the Euro and the desired decimal places. Step 10) Now drag the formula down the list of all prices to have all the USD prices converted to Euros.
Jun 7, 2022 · Our currency conversion requires us to multiply the amount in the base currency by the target currency’s conversion rate. We’ll use the VLOOKUP function to retrieve the right conversion rate. We’ll use cell B2 as our lookup value and the cell range F2:G10 as the lookup range. Next, we’ll multiply the result of our VLOOKUP value with the ...
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- Converting Manually: Look up your current conversion rate. Open a web browser and type "currency converter" into the address bar, then select the currencies you want to compare in the drop-down boxes at the top of the search engine's results.
- Using Kutools for Excel: Go to the Kutools download page. Visit "https://www.extendoffice.com/download/kutools-for-excel.html" in your browser. Kutools is only available for Windows.
Aug 24, 2021 · To do that, go in the Data tab on the Ribbon and click on From Web button under the Get & Transform Data section: Then, on the next screen, I’ll paste the link and click OK: Once it has loaded, there will be multiple tables to choose from. Table 0 is the one that has the exchange rates: Instead of clicking to load the data, click on Transform ...
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May 31, 2022 · Enter the Currency Pairs. Apply the Currencies Data Type. Select the Exchange Data. Refresh the Exchange Data. If you use Microsoft Excel for financial data where exchange rates are part of what you need, check out the Currencies data type. This gives you various exchange details that you can include in your spreadsheet.
