Get Currency Exchange Rate in Excel

Using the Currencies Data Type

To obtain exchange rates in Excel, input a currency pair in the format 'From Currency/To Currency' using ISO codes, such as 'USD/EUR' for the US Dollar to Euro rate. After entering the pair, convert it to a Currencies data type from the Data tab. If Excel cannot find a match, use the Data Selector to correct any issues by clicking the cell's icon.

Creating a Table for Exchange Rates

For improved data management, select the cells with your currency pairs and create a table via Insert > Table. This step, while not mandatory, simplifies the process of inserting data from the Currencies data type.

Extracting Exchange Rate Data

Once the currency pair is converted to a data type, select the cells and either click the Insert Data button or press Ctrl/Cmd+Shift+F5 to extract additional information, like the 'Price' field for the exchange rate or the 'Last Trade Time' for the quote's timestamp.

Considerations for Currency Data

Note that the Currencies data type requires a Microsoft 365 account and the information may be delayed. Do not use this data for trading or as financial advice due to potential delays.

Common Use Cases

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  Tracking multi-currency financial transactions for an international business
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  Creating a budget for a trip abroad with real-time currency conversion
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  Analyzing historical exchange rate trends for forex trading
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  Managing international investment portfolio with up-to-date currency values
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  Calculating the cost of cross-border services and goods for an e-commerce business

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