If you've ever needed to know how many pesos were in a dollar or how many yen equal a pound, there's a simple way to find out using Forex. This currency converter gets exchange rates from the Internet automatically, so you should have the most updated information available. Featured Articles Microsoft Excel. Community Dashboard Random Article About Us Categories Recent Changes. Write an Article Request a New Article Answer a Request More Ideas Start Microsoft Excel, and create a new workbook. Or alternatively go to http: Instead of typing all the names of the major world currencies, import them plus the current exchange rates from an External Data Source. Import the MSN MoneyCentral Investor Currency Rates file found in the My Data Excel folder as follows: Import the data from the file into a New Worksheet forex so but DON'T press "OK" yet: Before you import, click on the Properties button and make the following changes: Click the "Refresh Every Click OK on the Properties window and on the Import Dialog window. Excel the data is imported into the new worksheet, change the name of the new worksheet to Conversion. Now we have all the rates and the names of the major world currencies but to make this work, we need the names of the currencies in our first forex. Click on cell B5 first and then using the arrow keys on your keyboard, hit the left arrow once. Paste the cells into your original worksheet in column B as shown excel Now that we have all the currencies, we should create a drop-down box to make sure we get the name of the forex right. Forex on cell D5, and then click on the Data menu and then Excel. In the validation screen, choose List as the type forex allowable values, and the source is the range of cells that have the names of the currencies in them. Ensure excel the In-Cell drop-down option is checked. In cell E6, enter forex following formula: To get what a US dollar is worth in x currency, we need to modify our formula excel bit. You can now customise the spreadsheet to reflect the base currency of your choice. Forex on your base currency we will use South African Rand in this example. In our example South African Rand is located in Conversion Worksheet Row Select the Original Worksheet and insert an additional column between the currency names and the calculator. Type in "to US Dollar" select the Replace Tab and click Replace Forex. Close the Find forex menu. Select Cell C4 the first Currency Row and insert formula: Select Cell D4 and insert formula: Select Excel C4 and Forex and drag the formula down to the last currency row. Change Cell F6 formula to: Change Cell F12 formula to: You now have a currency calculator in a base currency of your choice. You may now proceed to format the calculator to your preference Can I update Excel so conversion rates are a static forex and then disable refresh? Answer this question Flag as When I complete step 8, it dumps a bunch of links from the MSN money site, not the currencies. What can I do? Already answered Not a question Bad question Other. If this question or a similar one is answered twice in this section, please click here to let us know. Tips Currency rate changes all excel time, you can confirm the rates at the Currency Site http: In Step 8, if you click on the currency name, it will automatically open a link to MSN Money to excel you additional information such as the forex week high. There is a limitation to this spreadsheet in that you can only go against the US dollar, but given that most world currencies are measured against it, this makes sense. Warnings MSN Money and other many websites only quote wholesale exchange rates. Wholesale also known as the "interbank" rate is only for huge banks when they trade with one another; usually in amounts over 5 million United States Dollar minimum. Individuals won't be eligible for excel rate and will excel a retail rate instead. Retail is almost never as good as wholesale. To find what retail rate you'll get, you'll need to contact the institution you actually buy your currency from. Example, if you buy from Wells Fargo, call Wells Fargo and ask for their rate. Sometimes data and the formulas won't work. Things You'll Need Microsoft Excel. Edit Related wikiHows WH. Article Info Featured Article Categories: Featured Articles Microsoft Excel In other languages: Thanks to excel authors for creating a page that has excel readtimes. Did this article help you? Cookies make wikiHow better. By continuing to use our site, you agree to our cookie policy. Home About wikiHow Jobs Terms of Use RSS Site map Log In Mobile view. All text shared under a Creative Commons License. Help answer questions Start your very own article today.
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