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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.
People also ask
How do I convert a currency rate manually?
How do I create a currency conversion calculator using Excel?
How do I convert my data to a foreign currency?
How do I convert EUR to inverse rates in Excel?
Feb 10, 2020 · To do so, click "Transform Data." The Excel Power Query Editor appears. Scroll to the "Item" column, and then double-click "Table" to load the up-to-date currency rates. The Power Query Editor preview updates and shows the FloatRates currency data. Click "Close and Load" in the top-left corner to add the data to your spreadsheet.
- Ben Stockton
- 704.4K
- 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.
Jun 5, 2023 · To get the value of 2 USD to 1 GBP or 1 EUR, copy the formula to the next row, and then multiply it by the value in Column B. Copy the formula down to populate the exchange rate converter. To create an exchange rate converter for the inverse rates, create another lookup – for the inverse rates in the data.
To convert from a given currency to other specific currencies, you can use the VLOOKUP function with a lookup table that contains conversion rates. In the example shown, the formula in E5 is: =VLOOKUP(D5,xtable,2,0)*B5 Where xtable is the named range G5:H10. As the formula is copied down, it converts the amount in column B from US Dollars (USD) to the currency indicated in column D.
Jan 4, 2022 · In order to extract meaningful exchange rates that are useful for particular situations, we will follow the below steps to set up the conversion tool: • List the available currency types. • Set up input cells for currency number and date. • Set up CHOOSE function with VLOOKUP to extract exchange rate on dates chosen.
