[et_pb_section fb_built=”1″ _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n
Staying up to date with the latest conversion rates can be a daunting task. But it doesn\u2019t have to be. Read on to learn how to use Google Sheets for currency conversion and automate this problem away.<\/span><\/p>\n Whether you want to <\/span>convert traditional currencies and crypto<\/b>. We will cover <\/span>three ways to automate this process<\/b> so the data you need is readily available and updated.<\/span><\/p>\n Make a copy of this spreadsheet<\/span><\/a> and follow along!<\/span><\/p>\n [\/et_pb_text][et_pb_text module_id=”ways” _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n There are many ways to convert currencies on a spreadsheet. Clearly you could do this by hand, plugging in conversion rates on a need-to basis. But that is a lot of wasted effort, below we go over three ways to automate this task.<\/span><\/p>\n [\/et_pb_text][et_pb_text module_id=”googlefinance” _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n The GOOGLEFINANCE function retrieves real-time financial information<\/b>, such as stock prices, market values, and currency exchange rates. It can also convert currencies by fetching the latest exchange rates directly into your Google Sheets.<\/span><\/p>\n Read our post on GOOGLEFINANCE<\/span><\/a> to learn all its applications.<\/span><\/p>\n [\/et_pb_text][et_pb_text module_id=”values” _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n If you only need to <\/span>convert a handful of values<\/b> you could use GOOGLEFINANCE to convert them all. In this example we will convert Euros to US Dollars.<\/span><\/p>\n [\/et_pb_text][et_pb_text module_class=”spreadsheet-function” _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n =A2 * GOOGLEFINANCE(“CURRENCY:EURUSD”)<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Keep in mind that this function requests information from an external source (a Google API), and that makes it resource intensive.<\/span><\/p>\n If you have a lot of values to convert, using several formulas with GOOGLEFINANCE could slow down your spreadsheet. The next method solves this issue.<\/span><\/p>\n [\/et_pb_text][et_pb_text module_id=”rates” _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n If you have to convert a lot of values, you can create a formula to<\/span> include the conversion rate in your spreadsheet<\/b>. Then refer to that conversion rate within other formulas to calculate the conversion.<\/span><\/p>\n For example, the formula below gives you the conversion rate from Canadian Dollars into US Dollars.<\/span><\/p>\n [\/et_pb_text][et_pb_text module_class=”spreadsheet-function” _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n =1 * GOOGLEFINANCE(“CURRENCY:CADUSD”)<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n You could also get the reverse conversion rate by inverting the currency codes.<\/span><\/p>\n [\/et_pb_text][et_pb_text module_class=”spreadsheet-function” _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n =1 * GOOGLEFINANCE(“CURRENCY:USDCAD”)<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n After this all you have to do is multiply the desired value by the corresponding conversion rate.<\/span><\/p>\n In terms of processing power, this is the most efficient way to use GOOGLEFINANCE to get up-to-date conversions.<\/span><\/p>\n [\/et_pb_text][et_pb_text module_id=”importxml” _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n GOOGLEFINANCE is great, but it does have one major drawback: it doesn\u2019t work for all currencies. This is particularly true for crypto, as it doesn\u2019t work for all tokens.<\/span><\/p>\n This is where IMPORTXML can be great, because it can fetch data straight from a website.<\/span><\/p>\n Let\u2019s say you want to check the current price of the DOGE token. You could scrape CoinMarketCap for this information using the formula below.<\/span><\/p>\n [\/et_pb_text][et_pb_text module_class=”spreadsheet-function” _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n =IMPORTXML(“https:\/\/coinmarketcap.com\/currencies\/dogecoin\/”, “\/\/span[@class=’sc-f70bb44c-0 jxpCgO base-text’]”)<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n This formula relies on the website to keep working<\/b>, and that is a major drawback. If this site changes its structure or has downtime, your spreadsheet will cease to work correctly.<\/span><\/p>\n Another issue with this function is that it is quite complicated. For an easier way to get it to work you could get <\/span>a little help from AI<\/span><\/a>.\u00a0<\/span><\/p>\n If you want to learn everything about this function, check out <\/span>this step-by-step guide on IMPORTXML<\/span><\/a>.<\/span><\/p>\n [\/et_pb_text][et_pb_text module_id=”api” _builder_version=”4.24.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n The last way to convert currencies is to <\/span>get information straight from an API<\/b>. This method solves the issues of the last two:<\/span><\/p>\n This solution leverages Sheetgo to bring current exchange rates from an API into your spreadsheet.<\/span><\/p>\n The hardest part is to find the right open API to suit your needs. After that you just have to follow a few simple steps:<\/span><\/p>\n3 ways to convert currencies with Google Sheets<\/span><\/h2>\n
1. GOOGLEFINANCE function<\/span><\/h3>\n
Convert values<\/span><\/h4>\n
Retrieve conversion rates<\/span><\/h4>\n
2. IMPORTXML function<\/span><\/h3>\n
3. API integration<\/span><\/h3>\n
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