Generic Formula. The Excel VLOOKUP Function operates by using various country Currency Codes that we are required to provide. Convert Currency In Excel With Excel Function: Simple Currency Conversion. Press Alt + F11 to open the Microsoft Visual Basic for Applications dialog box.. 2. 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. You just have to fill geographic data or financial data and Excel … 1. Convert currency to words with VBA code. This article describes the Excel nested IF construction. Note: VLOOKUP is generally a better solution, since values are easy to see and edit at any time, the formula is easier to read, and exchange rate values are not stored redundantly in many different formulas. for partial matches. Create your relevant data in your Excel sheet: amounts, currencies and xtable. If you have more than one type of currency to be converted, then it means things might get a little complicated. And Assuming that he current exchange rate is: 1 US Dollar =0.8 Euros. Apply the formula into the next cells and calculate all the wanted amounts. You can use INDEX to retrieve individual values or entire rows and columns. So we can use the following formula to convert currency from US Dollar to Euros. for partial matches. Let’s say that you want to convert Euros into Dollars. 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 […] 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. That’s why, if you use an external data source to take exchange rates synchronously; you wouldn’t have to worry about renewing the rates or even inserting them. We need updated currency exchange rates that we can use. This is the first half of the INDEX/MATCH equation. In this post I will show you how to display US dollar format to Indian currency format in Microsoft Excel. If this fails then the rest of the process is futile. Instant access. This is a basic example of VLOOKUP in "exact match" mode. And then drag the AutoFill Handle over other cells to apply this formula. Choose what you need and start converting with Microsoft Excel. Excel does it for you as long as you set up that feature. 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. This tool makes conversions through Euro; it converts Euro and other Euro member currencies using Euro as an intermediary. Functions, formulas, add-ins are all here for you. Note – xtable is the range of cells for a second table which specifies the current Currency Exchange Rates. 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. On the Excel sheet, besides the amounts to be converted, there need to be two separate tables with two columns. In this video, we look at how to configure INDEX to retrieve a value by row and column. 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. Enter the amounts in Euros into a blank cell, and into the next cell enter the current exchange rate you need for conversion. Click on the first blank under the “amount” column and enter the formula such as in the example: “VLOOKUP (D2, G2:H5, 2, 0) * B2”. So we can use the following formula to convert currency from US Dollar to Euros. Make sure you have an internet connection to make it happen. It uses the current exchange rates by the EU. Often, MATCH is combined... Formulas are the key to getting things done in Excel. 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. 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. The formula in this example converts amounts in USD to other currencies using currency codes. 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. See details here. In this video, we show you how to easily make a nested IF formula more readable, by adding line breaks. Someka is an active member of Microsoft Partner Network (MPN). =VLOOKUP(currency,xtable,column,0)*amount. Entering them one by one costs you time and effort, plus it is not really possible to have the recent rates since they are constantly changing. This is a key idea in INDEX and MATCH formulas. (Read why this is necessary here ). Have you ever wondered where to start for being a successful data analyst? In this accelerated training, you'll learn how to use formulas to manipulate text, work with dates and times, lookup values with VLOOKUP and INDEX & MATCH, count and sum with criteria, dynamically rank values, and create dynamic ranges.