How to convert currencies in Microsoft Excel? (2024)

FAQs

What is the easiest way to convert currency in Excel? ›

Select the cells that you want to format and then, in the Number group on the Home tab, click the down arrow in the Number Format box. Choose either Currency or Accounting.

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. Select the cells and then select Insert > Table.

The formula is: Starting Amount (Original Currency) / Ending Amount (New Currency) = Exchange Rate. For example, if you exchange 100 U.S. Dollars for 80 Euros, the exchange rate would be 1.25. But if you exchange 80 Euros for 100 U.S. Dollars, the exchange rate would be 0.8.

Use Paste Special and Multiply

Select the cells that have numbers stored as text. On the Home tab, click Paste > Paste Special. Click Multiply, and then click OK. Excel multiplies each cell by 1, and in doing so, converts the text to numbers.

If you know the exchange rate, divide your current currency by the exchange rate. For example, suppose that the USD/EUR exchange rate is 0.631 and you'd like to convert 100 USD into EUR.To accomplish this, simply multiply the 100 by 0.631 and the result is the number of EUR that you will receive: 63.10 EUR.

Convert currency text to number with formula

Select a blank cell besides original currency text strings column, says Cell C2, type the formula =VALUE(B2) (B2 is the text cell with currency format you will convert to number) into it, and then drag this cell's AutoFill Handle to the range as you need.

Converts a number from one measurement system to another. For example, CONVERT can translate a table of distances in miles to a table of distances in kilometers.

The Excel CONVERT Function[1] is an Excel Engineering Function. The function is useful for conversion of units from one measurement system to another measurement system. For example, CONVERT will help us to convert pounds to kilograms, feet to centimeters, or Fahrenheit to Celsius.

How do you handle multiple currencies? ›

Enable multiple currencies for your organization. To designate your corporate currency, from Setup, enter Manage Currencies in the Quick Find box, then select Manage Currencies, and then click Change Corporate. To activate more currencies for your organization, click New in the Active Currencies related list.

The Currency format refers to a built-in number format of MS Excel used particularly for currencies like prices. It adds a currency sign before the entered values within the formatted cells. The currency format is most commonly used for denoting general monetary values in Excel cells.

For separating dollars, please select a blank cell (says cell B2) beside the currency cell you will separate dollars and cells, enter formula =INT(A2) into the Formula Bar, and then press the Enter key. You can see the dollar was separated with the dollar sign and located in the selected cell as below screenshot shown.

You can bring into India foreign exchange without any limit. If, however, the value of foreign currency in cash exceeds US$ 5,000 and/or the cash plus TCs exceed US$ 10,000 it should be declared to the customs authorities at the airport in the currency declaration form (CDF), on arrival in India.

Currency translation is the process of converting one currency in terms of another, often in the context of the financial results of a parent company's foreign subsidiaries into its functional currency—the currency of the primary economic environment in which an entity generates and expends cash flows.

Add an apostrophe to change number to text format

Just double-click in a cell and enter the apostrophe before the numeric value. You will see a small triangle added in the corner of this cell.

Select the cell with the formula and the adjacent cells you want to fill. Click Home > Fill, and choose either Down, Right, Up, or Left. Keyboard shortcut: You can also press Ctrl+D to fill the formula down in a column, or Ctrl+R to fill the formula to the right in a row.

Converting the values of a foreign subsidiary's holdings into the parent company's domestic currency can lead to inconsistencies if exchange rates change continuously. There are four methods of measuring translation exposure: Current/Non-current, Monetary/Non-monetary, Current Rate, and Temporal methods.

Do you multiply or divide to convert currency? ›

If you know a conversion rate, then you can multiply the quantity you need to change by the conversion rate to get to the new currency. If you want to come backwards from the currency, divide 1 by the conversion rate, then multiply that new figure by the amount you want to change.

insert() function is a Python library function used to insert a given element at a given index in a list. After the insertion of a new element in the list, elements after the inserted element are shifted by one index to the right side.

You can define a member function of a class, called a conversion function, that converts from the type of its class to another specified type. All three statements in function f(Y) use the conversion function Y::operator int() .

Summary: to convert units, construct a fraction that is equal to 1, multiply the original measurement by that fraction, and simplify.

Here, 1 kilobyte = 1024 bytes, 1 megabyte = 1024 kilobytes, 1 gigabyte = 1024 megabytes, etc. (Wikipedia provides a more complete discussion of binary prefixes.) In common SI decimal notation using joules as an example, 1 kilojoule = 1000 joules, 1 megajoule = 1000 kilojoules, 1 gigajoule = 1000 megajoules, etc.

To find the offer, divide the offer of the terms currency by the bid of the base. If the USD/CHF rate is 1.5000-10 and USD/JPY is 100.00-10 then for a CHF/JPY cross rate, the bid would be 100.00 divided by 1.5010 or 66.6223 JPY/CHF; the offer would be 100.10 divided by 1.5000 or 66.7337 JPY/CHF.

To enable the Multiple Currencies feature, you must have the Enable Features permission. This feature provides support for transactions with customers and vendors that use currencies other than the currency in which your company manages its financial reporting.

How do you merge cells in Excel and keep the currency format? ›

Select a blank cell (Cell E2 in our example), enter the formula =TEXT(B2,"$#,##0.00_);($#,##0.00)") (B2 is the currency cell you will concatenate) into it, and press the Enter key.

1 USD = 0.922211 EUR Jan 15, 2023 06:39 UTC

Check the currency rates against all the world currencies here.

The DOLLARFR function in Excel returns the value of a cell multiplied by the exchange rate between the U.S. dollar and the specified currency. For example, if the exchange rate is 1.50 euros per dollar, and the value in a cell is 5 euros, the DOLLARFR function would return the value 7.50 (5x1. 50).

If you know the exchange rate, divide your current currency by the exchange rate. For example, suppose that the USD/EUR exchange rate is 0.631 and you'd like to convert 100 USD into EUR.To accomplish this, simply multiply the 100 by 0.631 and the result is the number of EUR that you will receive: 63.10 EUR.

Microsoft Excel does not include built-in currency conversion tools. However, you can use an external data source to provide updated rates. The basic multiplication formula will be converted from one currency to another.

Fortunately, large numbers in Excel can be formatted so they can be shown in “Thousands” or “Millions”. By using the Format Cells dialogue box shortcuts CTRL+1, you will need to select CUSTOM and then enter one comma to show Thousands or two commas to show Millions.

A currency swap is an agreement in which two parties exchange the principal amount of a loan and the interest in one currency for the principal and interest in another currency. At the inception of the swap, the equivalent principal amounts are exchanged at the spot rate.

You would divide 1 by the current exchange rate of the two currencies for the inverse relationship. So for example, if the USD/EUR exchange rate was 0.89, to find the reciprocal exchange rate of EUR/USD, you would perform the following calculation: 1/0.89 to arrive at 1.12.

How do you convert numbers to currency format? ›

On the Home tab, click the Dialog Box Launcher next to Number. Tip: You can also press Ctrl+1 to open the Format Cells dialog box. In the Format Cells dialog box, in the Category list, click Currency or Accounting. In the Symbol box, click the currency symbol that you want.

With the four coins (quarters, dimes, nickels, and pennies), there are 242 ways to make change for a dollar.