## How To Create A Simple Currency Convertor In Excel 2010

Topics: microsoft excel course london

Image you have a list of prices in pounds in one column in Excel 2010, and you want to add another column of the same prices in dollars. This article shows you how to multiply all the cells in one column with a value such as a pound to dollars conversion rate, and produce a second column showing these converted values.

We can store the conversion rate in a particular cell and refer to this cell in our calculation. Should the conversion rate change we want to be able to type in a new value and have all the converted cells change to take account of the new value. We’ll create a list of prices in pounds, add the exchange rate in a single cell, and then show you how to use this to multiply all the prices in your list to create a list of prices in dollars.

We’ll begin with a new worksheet in Excel 2010. Then type POUNDS in cell D4 and DOLLARS in cell E4. Under the POUNDS heading we’ll type these numbers in successive cells down the column, 10, 20, 30 and so on until you reach 100. Don’t forget to press Enter after the last number has been added. Now we’ll format all these cells to show pounds currency, so first select the cells D5 to D14. Then in the Home tab, just right of centre, click the blue Accounting Format button. You’ll see that all the numbers are now showing the correct pounds currency.

Now we’ll add the exchange rate for pounds to dollars. If you Google “pounds to dollar exchange rate” you’ll see the latest rate. Today it’s 1.6043. We’ll add this above the table for convenience so in cell D1 enter RATE. Then in cell E1 enter 1.6043. So we’re going to multiply each of our prices in the list by this rate to convert from pounds to dollars.

Before we do the calculations we need to format the cells under DOLLARS correctly, so select cells E5 to E14, then carefully click the down arrow to the immediate right of the blue Accounting Format button, and left click on dollars. If the dollar symbol is not listed, choose More Accounting Formats. Then if the Format Cells panel click the down arrow right of Symbol and choose dollar, then click OK to finish. Now any numbers added to these cells will be displayed in dollar format. Next we’ll do the calculations.

To start this, select the cell to the right of the first price. So select cell E5 and type this formula =D5*E1 then press Enter to finish. You see that 10 pounds is indeed equal to $16.04. You could on course repeat this for every price in the list, but that means repeating the formula 10 times, and imagine how long it would take for 100 prices. Instead you could try using the Fill Handle to copy and paste the first formula down all the cells.

To do this ensure cell E5 is still selected. Then carefully hover over the small black square at the bottom right of the cell, press and hold down the left button and drag down - this will copy and paste the first formula to all the lower cells. However it will not work - try this and you’ll see that error codes are created. This happens because when you fill a formula down a cell, all the row numbers in the formula increase by one, so the formula changes from D5*E1 to D6*E2 and so on. As the currency rate is only in cell E1 we need to stop the 1 after the E from increasing.

To do this we need to edit the original formula in cell E5. So select cell E5 again. You’ll see the cell formula =D5*E1 in the white Formula Bar immediately about the spreadsheet cells. Carefully hover your mouse over the E1 part of the formula - still in the formula bar, and left click between the E and the 1. You’ll now see a flashing vertical cursor between the E and the 1. Then press the F4 function key - this key is in the top row of keys on your keyboard. You’ll see that dollar symbols have been added before the E and the 1 in the formula, which now reads =D5*$E$1 and then press the Enter key to complete the edit.

Now use the Fill Handle to fill the revised formula down the column as far as cell E14, then click into any other cell to remove the highlight. You’ll see that all the calculations have been completed in one go - and voila all the prices show in dollars. Have a look at the formula in cell E14. This should show =D14*$E$1 and confirms that we are still multiplying cell D14 by cell E1 where the conversion rate is stored. In fact all the formula in the E column contain the part *$E$1 which shows you that every calculation uses cell E1. The effect of the dollar symbol before the 1 in the formula stops the number increasing as you fill, so the price is always multiplied by cell E1 no matter how far down you fill.

Suppose the conversion rate changes to 1.7 and we want to update out table. All you need to do is to select cell E1 and type the new value 1.7 and press Enter. All the cells in the dollars column will change. And that’s our currency convertor completed. If you’re interested in finding out more about Excel formula and the use of the dollar symbol, and many other Excel features as well, consider attending a training course, which is often a good way to build Excel skills in a short time.

Author is a freelance copywriter. For more information on microsoft excel course london, please visit www.microsofttraining.net

**Previous Articles Highlighter:**

How To Sort A List Of Vehicle Number Plates In Year Order In Excel 2010 (1)

So still in the Sort panel, click Add Level to configure a second level sort. Choose Base Year for this second sort level, leave the other boxes at Value and A to Z and click OK to finish.

An Essential Guide To Customising The Navigation Ribbon In Office 2010 (2)

This article describes how to do this in Word 2010, but the methods are the same for all these applications. We'll begin by describing what you can and can't do in ribbon customising and then we'll describe the practical steps in Word 2010.

Pictures Speak A Thousand Words With Microsoft Word (3)

If you're keen to go one step further to visually enhance your documents then you might want to experiment with the picture editing tools integrated into Word 2010. When computer programmes first hit the market they were often compartmentalised, in that you'd need to buy separate word processing and photo editing programmes.

An Essential Guide To Using The Northwind Database In Access 2010 (4)

To create the Northwind database from the template, launch Access 2010. Then click the File tab and choose New and select Sample Templates. You'll see a list of available templates which were installed on your computer along with Access 2010.

Essential Guide To The Backstage View In Office 2010 (5)

Now the last four auto saved files are available no matter how the Office 2010 application closes, so you can recover unsaved files if necessary. Next we'll look at the Recent option.

Word: A Way To Break Down Language Barriers? (6)

Another useful element to this tool is that it can 'speak'. Depending on the language the text is converted into, you are likely to find the vocal equivalent of the content is offered to you.

A Brief Guide To The New Project 2010 Navigation Ribbon (7)

The Quick Access toolbar can be easily customised so you can add your favourite commands, making them only a single click to use. You may want to learn more about the many new features in Project 2010 or you might want to start using the Project application for the first time.

Project And Excel: Perfect Partners (8)

With these enhancements, along with many other advances, there is now no reason for professionals and project managers to fall back on Excel when creating and collating systematic reports and portfolios.

Excel And PowerPoint Prove To Be Top Of The Charts (9)

You can modify the chart in PowerPoint, including changes to appearance, size or position. Click the chart, then on the green Chart Tools contextual tab, use the Design, Layout or Format tab to make changes.

How Getting Together Is Now Even Easier With Excel (10)

Sometimes it's not just about the next big technology innovation in the race towards going greener that's important; it also can be something as simple as considering what you have at your fingertips and how to use your resources in a more structured, managed and measured way that get results.

**Newer Articles Highlighter:**

Learn The Secrets Of Customising An Autonumber Primary Key In Access (1)

Then add a new field in the same position with the same name Ref, select the autonumber data type and set it to be the primary key, then save your design changes.

How Photoshop Can Help You Get The Most From Dreamweaver (2)

When Photoshop is being used in conjunction with Dreamweaver, images can be moved straight from one program to the other, and put to use in a variety of ways. Apart from simply placing the picture within a page, it's easy to use images as a transparent background to a page, or as links, or to create a slideshow of the pictures.

No More Shaky First Steps Thanks To Microsoft Project's Ribbon (3)

In order to quash these kinds of thoughts, Microsoft Project is constantly updating the initial stages you go through in order to get your task set up via the application.

Why It's Time To Listen To The Natives And Get Online (4)

You can manage e-mail from multiple accounts all in one inbox; or add appointments to everyone's calendar with the Group Scheduling function. Even exchanging e-mail with your friends and customers when you're away from the office is easy using Outlook Mobile 2010 on your smartphone.

How Office Clipboard Cuts Across Program Boundaries (5)

If our brain had the capacity to remember everything, we would be paralysed by information overload. So in order to have a good memory, it has to be a selective one.

Manage Your Macros With Access 2010 (6)

Standalone macros are recommended for repeated use within an application whilst embedded macros become an intrinsic part of the report and therefore are ideal for use within a specific report or form.

Simplifying The Web With Dreamweaver CS5 (7)

Can it still perform to the very highest level that consumers now demand? Well, with the release of the latest version, CS5, we can properly assess whether Adobe Dreamweaver has still got what it takes.

How To Create A Real Line Graph In Excel 2010 Rather Than A Line Chart (8)

We'll enter X in cell D1 and Y in cell E1. Then in cell D2 enter 2, in D3 enter 3 and so on until in D6 enter 6.

Break The Mystery Of Code With Excel Macros (9)

Now you can create a macro with confidence to automate anything from counting rows, columns and sheets, to copying data from a specific range, and deleting empty rows. Even emailing your workbook, inserting the command to go to a sheet, to selecting a date range can all be automated with a macro to suit your needs - all without any complicated code breaking being involved.

Combining Dreamweaver With Other Adobe Software For The Perfect Website (10)

Your business needs its website to be as engaging as possible, given how little time the average visitor to a site spends before moving on, and bringing Dreamweaver and Flash together gives you the most effective and straightforward means to enhance your business's online presence.

Permalink to How To Create A Simple Currency Convertor In Excel 2010