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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.
  1. Apr 27, 2024 · The best way to convert currencies in Excel is to automate the process by creating a live currency converter.

  2. Generic formula. = VLOOKUP ( currency, xtable, column,0) * amount. Explanation. The formula in this example converts amounts in USD to other currencies using currency codes and a simple lookup table. The available currencies and exact conversion rates can be adjusted by editing the values in the table on the right.

    • Link to External XML Source File
    • Create Currency Converter
    • Automatic Currency Conversion in Google Sheets

    The most user-friendly source file is one called Floatrates, a free XML feed that is updated daily. 1. In a blank Excel worksheet, in the Ribbon, go to Data > Get Data > From File > From XML. 1. In the File name field, type in the URL for the Floatrates file – www.floatrates.com/daily.usd.xml – and then click Open. 1. Click Transform Data. 1. This ...

    Create a new worksheet in the same workbook as the linked XML database and set up a table as shown below.

    Google Sheets has a built-in currency converter that makes use of existing up-to-date conversion rates on the internet. 1. Set up a table in Google Sheets similar to the one set up in Excel above. 1. In the selected cell (for example, C3), type in the formula (with the GOOGLEFINANCE Function): 1. Google automatically looks up the exchange rate from...

  3. Jun 14, 2022 · How to convert currencies in Excel. You can convert currencies like Dollar, Euro, Pound, INR, etc., in Microsoft Excel, without using a currency converter. Use this formula to...

  4. 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. Select the cells and then select Insert > Table .

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  6. Aug 5, 2017 · Currency conversion in Excel: Everything you should know. Download free Excel add-in: Automatically update exchange rates in your Excel sheet.

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