And Assuming that he current exchange rate is: 1 US Dollar =0.8 Euros. | Privacy Policy | Term Of Service | RSS, How to Extract URLs from Hyperlinks in Excel, How to Convert Comments to Cell Contents in Excel, How to Count Cells that Contain even or odd numbers in Excel, How to Count Cells that Contain only numbers in Excel, How to Count Cells that Contain negative Numbers in Excel, How to Count Number of Cells that Contain Exactly N Characters in Excel, How to Count Number of Cells that Contain Errors in Excel, How to Sum Data Based on Criteria Adjacent Columns in Excel, How to Count Cells that Contain X or Y in Excel, How to Count Cells Are Not Blank or Empty in Excel, How to Sum Data by Weekday with Different Formulas/Functions in Excel. Microsoft Excel® is registered trademark of Microsoft Corporation. Let’s say that you want to convert Euros into Dollars. Press Alt + F11 to open the Microsoft Visual Basic for Applications dialog box.. 2. So here are the instructions to get the latest currency exchange rates: You now have the current exchange rates in your Excel sheet; so you can make conversions with a simple multiplication formula or VLOOKUP function. Enter the amounts in Euros into a blank cell, and into the next cell enter the current exchange rate you need for conversion. Basically, a currency conversion process is multiplying a certain amount by the current exchange rate. In currency conversion, it finds the wanted currencies based on the given one. To convert from a given currency to other specific currencies, you can use the VLOOKUP function. Copy the URL of the data source you use (FloatRates etc.) Usually, nested IFs are used when you need to test more than one condition and return different results depending on those tests. Thank you for making it free. We can apply the TEXT formula to convert the currency to text with formatting easily in Excel. Please do as follows: Select a blank cell beside the currency column, says Cell C2, enter the formula =TEXT(B2,"$ #,##0.00 ;") (B2 is the cell with the currency you will convert ) into it, and then drag this cell’s AutoFill Handle to the range as you need. The lookup value is B6, the table is the range B5:C7, the column is 2, and the last argument, FALSE, forces VLOOKUP to do an exact match. Create your relevant data in your Excel sheet: amounts, currencies and xtable. INDEX is often used with the MATCH function, where MATCH locates and feeds a position to... By their nature, nested IF formulas are hard to read. To convert from a given currency to other specific currencies, you can use the VLOOKUP function. (Read why this is necessary here ). Therefore, a multiplication formula can easily be used to convert currency in Excel. 1. Choose what you need and start converting with Microsoft Excel. How do I convert US Dollars to the Euros with a formula in Excel.eval(ez_write_tag([[300,250],'excelhow_net-box-3','ezslot_13',118,'0','0'])); If you want to convert currency from US Dollars to Euros in Excel, you need to know the latest exchange rate between USD and Euros. The numbers are generally grouped in US format as shown below, US Dollar Format Grouping: 86,987,324.00 Indian Rupees Format Grouping: 8,69,87,324.00 Steps to Show Indian Currency Format in Excel […] You can follow these steps to convert currency by using VLOOKUP function. The Office 365 version provides a great new feature ; Data Type. In the example shown, the formula in E5 is: which converts the amount in column B from US Dollars (USD) to the currency indicated in column D, where the named range "xtable" refers to G5:H10. 1. In this configuration, VLOOKUP finds the currency in the table, and retrieves the conversion rate from column H. If the currency code. 1. So we can use the following formula to convert currency from US Dollar to Euros. This article describes the Excel nested IF construction. Converting currency is only one of the great features of Excel. Apply the formula into the next cells and calculate all the wanted amounts. MATCH supports approximate and exact matching, and wildcards (* ?) If you need to convert data that’s been entered into Excel with an apostrophe, you can easily convert it back to number format using the Convert to Number option. This post will guide you how to convert from a given currency to other currencies in Excel. So we can use the following formula to convert currency from US Dollar to Euros. The core of this formula is the VLOOKUP function, configured like this: Here, the lookup value comes from column D, table array is the named range "xtable", column index is 2, and match type is set to exact match. Read more. This is a basic example of VLOOKUP in "exact match" mode. Then you can apply the formula through the range of cells. Available currencies and exact conversion rates can be adjusted by editing the values in the table on the right. How to make a nested IF formula easier to read, How to use the MATCH Function for exact matches, Just wanted to say your website is an amazing resource and I'm glad to have found it. Compared to nested IF statements, VLOOKUP is simpler and more transparent. You can use INDEX to retrieve individual values or entire rows and columns. Hi - I'm Dave Bruns, and I run Exceljet with my wife, Lisa. If you want to convert currency from US Dollars to Euros in Excel, you need to know the latest exchange rate between USD and Euros. This tool makes conversions through Euro; it converts Euro and other Euro member currencies using Euro as an intermediary. With the INDEX and MATCH funcions, the solution looks like this: VLOOKUP is an Excel function to look up data in a table organized vertically. How to use the Excel Currency Conversion Function. Our goal is to help you work faster in Excel. The Excel INDEX function returns the value at a given position in a range or array. Basically, a currency conversion process is multiplying a certain amount by the current exchange rate. Note – xtable is the range of cells for a second table which specifies the current Currency Exchange Rates. And then drag the AutoFill Handle over other cells to apply this formula. Convert To Number. Receive news, changes and get notified when we publish new templates.