how to change currency in google sheets

How to Change Currency in Google Sheets

To change the currency in Google Sheets, you can follow these steps:

1. Select the Cells: First, select the cells that contain the numbers you want to format as a different currency.
2. Open the Format Menu: Go to the top menu and click on "Format".
3. Choose Number: From the dropdown menu, hover over "Number" and then select "Currency" from the submenu.
4. Select the Currency: A sidebar will appear on the right side of your screen where you can select the desired currency from the list. You can scroll through the list or use the search bar to find your currency quickly.
5. Apply the Changes: Once you have selected the currency, click on it to apply the format to the selected cells. The numbers in these cells will now display in the new currency format.

What is the Formula for Converting Currencies in Google Sheets?

To convert currencies using a formula in Google Sheets, you can use the GOOGLEFINANCE function, which allows you to fetch live exchange rates. Here’s how you can do it:

1. Get the Exchange Rate: Use the GOOGLEFINANCE function to fetch the current exchange rate between two currencies. The basic syntax is:

   <code>=GOOGLEFINANCE("CURRENCY:from_currencyto_currency")</code>

   For example, to get the exchange rate from USD to EUR, you would use:

   <code>=GOOGLEFINANCE("CURRENCY:USDINR")</code>

2. Convert the Amount: Once you have the exchange rate, you can use it to convert an amount. For example, if you want to convert 100 USD to EUR, you could use the following formula:

   <code>=100 * GOOGLEFINANCE("CURRENCY:USDINR")</code>

   This will give you the equivalent amount in EUR based on the current exchange rate.

Can You Automatically Update Currency Rates in Google Sheets?

Yes, you can automatically update currency rates in Google Sheets using the GOOGLEFINANCE function. This function fetches the latest exchange rates in real-time, so whenever you open the sheet or refresh it, the rates will be updated automatically.

Here’s how to set it up:

1. Insert the Formula: Use the GOOGLEFINANCE function as described above to fetch the exchange rate.
2. Automatic Updates: The GOOGLEFINANCE function will automatically update the rates whenever the sheet is refreshed or opened. You don’t need to do anything else to keep the rates current.
3. Set Refresh Intervals: If you want to ensure the rates are updated at specific intervals, you can use Google Sheets’ built-in refresh options. Go to "File" > "Spreadsheet settings", and under the "Calculation" tab, you can set the recalculation to happen every minute, hour, or day, depending on your needs.

How Do You Format Cells to Display Different Currencies in Google Sheets?

To format cells to display different currencies in Google Sheets, follow these steps:

1. Select the Cells: Highlight the cells you want to format.
2. Open the Format Menu: Click on "Format" in the top menu.
3. Choose Number: From the dropdown, hover over "Number" and then select "Currency".
4. Select the Currency: In the sidebar that appears, you can choose the specific currency you want to display. You can either scroll through the list or use the search bar to find your currency.
5. Customize the Format: You can further customize the format by choosing whether to show or hide the currency symbol, and deciding on the number of decimal places to display.
6. Apply to Multiple Currencies: If you need to display different currencies in different cells, you will need to apply the formatting to each set of cells individually. For example, you can select cells A1 to A10 and format them as USD, then select cells B1 to B10 and format them as EUR.

By following these steps, you can easily manage and display different currencies in your Google Sheets document.

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