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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.
    • 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...

  1. Jan 4, 2022 · How to use Excel to convert foreign currencies to USD and apply the exchange rate to reports such as a balance sheet and income statement.

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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.
  2. Use the Currencies data type to calculate exchange rates. 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.

  3. Jan 5, 2013 · You can use a formula like: =VLOOKUP(C2, INDIRECT(CONCATENATE(B2, "!A1:B5")),2, FALSE)*A2. in cell D2 to get the result you require. Note that you will want to set this range to match the number of currencies you are converting from. You might want to make sure that the user can only put in values that match your setup, perhaps using validation.

  4. May 31, 2022 · From Currency / To Currency. You can use a colon instead of a slash if you prefer, but Excel will convert it to a slash when you apply the data type. Related: How to Convert Currency in Microsoft Excel. So, to obtain the exchange rate and details from U.S. dollars to Euros, you would enter: USD/EUR

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