How to Change Currency Google Sheets? Effortlessly Convert

As a Google Sheets user, you may have encountered situations where you need to work with data that involves different currencies. Whether you’re tracking expenses, managing budgets, or analyzing financial data, having the ability to change currency in Google Sheets is an essential skill. In this comprehensive guide, we’ll walk you through the steps to change currency in Google Sheets, exploring the various methods and techniques to help you achieve your goals.

Why Change Currency in Google Sheets?

Changing currency in Google Sheets is crucial for various reasons. For instance, you may be working on a project that involves tracking expenses in multiple currencies, or you may be analyzing financial data from different countries. In such cases, being able to change currency in Google Sheets enables you to work with the data in a more efficient and accurate manner.

Moreover, Google Sheets provides a range of built-in functions and formulas that can help you convert currency, making it easier to work with data from different regions. By changing currency in Google Sheets, you can:

Track expenses and revenues in different currencies
Analyze financial data from various countries
Convert currency for international transactions
Automate currency conversions using formulas and functions

Method 1: Using the Built-in Currency Conversion Function

Google Sheets provides a built-in function called CURRENCY that allows you to convert currency. This function is available in the FINANCE category of the formula list. To use this function, follow these steps:

Enter the formula =CURRENCY(A1,"USD") in a cell, replacing A1 with the cell containing the currency value you want to convert.
Replace USD with the desired currency code (e.g., EUR for Euro, CAD for Canadian Dollar, etc.).
Press Enter to apply the formula.

The CURRENCY function will convert the currency value to the specified currency. For example, if the original value is $100 in USD, the formula =CURRENCY(A1,"EUR") will convert it to €87.85 (assuming the current exchange rate).

Using the CURRENCY Function with Multiple Currencies

You can also use the CURRENCY function to convert multiple currencies at once. To do this, enter the formula:

=CURRENCY(A1:A5,"USD")

This formula will convert the values in cells A1 to A5 to USD. You can also specify different currencies for each cell by separating them with commas: (See Also: How to Copy Images in Google Sheets? Easily Done)

=CURRENCY(A1,"USD",B2,"EUR",C3,"CAD")

This formula will convert the value in cell A1 to USD, the value in cell B2 to EUR, and the value in cell C3 to CAD.

Method 2: Using the XE Currency Converter

Another method to change currency in Google Sheets is by using the XE Currency Converter. This method is useful when you need to convert currency values that are not available in the built-in CURRENCY function.

Go to the XE Currency Converter website (https://www.xe.com/currencyconverter/).
Enter the original currency value and the desired currency in the respective fields.
Click the “Convert” button to get the converted value.
Copy the converted value and paste it into your Google Sheet.

Using the XE Currency Converter with Google Sheets

You can also use the XE Currency Converter directly in Google Sheets by using the function. To do this, follow these steps:

Enter the formula =IMPORTHTML("https://www.xe.com/currencyconverter/","table",1) in a cell.
This formula will import the currency conversion table from the XE website.
Use the function to extract the desired currency conversion from the table.

For example, to convert 100 USD to EUR using the XE Currency Converter, you can enter the formula:

=FILTER(IMPORTHTML("https://www.xe.com/currencyconverter/","table",1),"Currency"="USD" and "Amount"=100)

This formula will return the converted value in EUR. (See Also: How To Remove Filters From Google Sheets? Simplify Your Data)

Method 3: Using a Third-Party Add-on

There are several third-party add-ons available that can help you change currency in Google Sheets. These add-ons often provide more advanced features and functionality than the built-in CURRENCY function.

Search for “currency converter” in the Google Sheets add-on store.
Install the add-on that best suits your needs.
Follow the add-on’s instructions to convert currency.

Using a Third-Party Add-on with Google Sheets

Some popular third-party add-ons for currency conversion in Google Sheets include:

Currency Converter by Apptor
Currency Converter by Zoho
Currency Converter by Trello

These add-ons often provide features such as:

Real-time currency conversion
Support for multiple currencies
Automated currency conversion
Customizable conversion rates

Recap and Key Takeaways

In this comprehensive guide, we’ve explored three methods to change currency in Google Sheets:

Using the built-in CURRENCY function
Using the XE Currency Converter
Using a third-party add-on

Each method has its own advantages and disadvantages, and the choice of method will depend on your specific needs and requirements. By mastering these methods, you’ll be able to work with currency data in Google Sheets with ease and accuracy.

FAQs

What is the difference between the CURRENCY function and the XE Currency Converter?

The CURRENCY function is a built-in Google Sheets function that converts currency values using a predefined exchange rate. The XE Currency Converter, on the other hand, is an external website that provides real-time currency conversion rates. While the CURRENCY function is limited to the predefined exchange rates, the XE Currency Converter provides more accurate and up-to-date conversion rates.

Can I use the CURRENCY function with multiple currencies?

Yes, you can use the CURRENCY function with multiple currencies by separating them with commas. For example, the formula =CURRENCY(A1,"USD",B2,"EUR",C3,"CAD") will convert the values in cells A1 to A5 to USD, EUR, and CAD, respectively.

How do I use the XE Currency Converter with Google Sheets?

You can use the XE Currency Converter directly in Google Sheets by using the function. This function imports the currency conversion table from the XE website, allowing you to extract the desired conversion rate using the function.

Are there any third-party add-ons available for currency conversion in Google Sheets?

Yes, there are several third-party add-ons available for currency conversion in Google Sheets. These add-ons often provide more advanced features and functionality than the built-in CURRENCY function, such as real-time currency conversion and automated currency conversion.

Can I use the CURRENCY function with dates and times?

No, the CURRENCY function is only applicable to numerical values and cannot be used with dates and times. If you need to convert dates and times, you will need to use a different formula or function.