EUROCONVERT function

Description

Converts a number to euros, converts a number from euros to a euro member currency, or converts a number from one euro member currency to another by using the euro as an intermediary (triangulation). The currencies available for conversion are those of European Union (EU) members that have adopted the euro. The function uses fixed conversion rates that are established by the EU.

If this function is not available, and returns the #NAME? error, install and load the Euro Currency Tools Add-in.

Install and load the Euro Currency Tools Add-in add-in

1. On the File tab, click Options, and then click Add-Ins.

2. In the Manage list box, select Excel Add-ins, and then click Go.

3. In the Add-Ins Available list, select the Euro Currency Tools box, and then click OK.

4. If necessary, follow the instructions in the setup program.

Syntax

EUROCONVERT(number,source,target,full_precision,triangulation_precision)

The EUROCONVERT function syntax has the following arguments:

• Number     Required. The currency value you want to convert, or a reference to a cell containing the value.

• Source     Required. A three-letter string, or reference to a cell containing the string, corresponding to the ISO code for the source currency. The following currency codes are available in the EUROCONVERT function:

• Target     Required. A three-letter string, or cell reference, corresponding to the ISO code of the currency to which you want to convert the number. See the previous Source table for the ISO codes.

• Full_precision     Required. A logical value (TRUE or FALSE), or an expression that evaluates to a value of TRUE or FALSE, that specifies how to display the result.

• The following table shows the currency specific rounding rules, that is, how many decimal places Excel uses to calculate a currency's conversion and display the result.

• Triangulation_precision     Required. An integer equal to or greater than 3 that specifies the number of significant digits to be used for the intermediate euro value when converting between two euro member currencies. If you omit this argument, Excel does not round the intermediate euro value. If you include this argument when converting from a euro member currency to the euro, Excel calculates the intermediate euro value that could then be converted to a euro member currency.

Remarks

• Excel truncates any trailing zeros in the return value.

• If the source ISO code is the same as the target ISO code, Excel returns the original value of the number.

• Invalid parameters return #VALUE.

• This function does not apply a number format.

• This function cannot be used in array formulas.

Example

Copy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data.