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Excel formula to calculate a conversion rate knowing a $USD amt and a $AUD amt

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    Excel formula to calculate a conversion rate knowing a $USD amt and a $AUD amt

    I have some historical data in a s/sheet that shows a $USD amt and an $AUD amt

    What I need to do is to have a formula that calculates what the CONVERSION RATE was on the day when that historical transaction took place

    Some real data I am using is:

    $USD 51.20
    $AUD 55.58

    Looking at a table of historical rates this shows that on the 29th May 2014, the answer was 1.07480

    BUT

    I would like a formula to calculate actual conversion rate knowing the two amounts above

    Any assistance greatly appreciated

    Thanks & Regards,

    BazzaBit

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    Forum Moderator Glenn Kennedy's Avatar
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    Re: Excel formula to calculate a conversion rate knowing a $USD amt and a $AUD amt

    If the AUD amount is in cell A1 and the USD amount in cell A2, then =A1/A2 in any cell will give you the exchange rate...
    Glenn




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    Re: Excel formula to calculate a conversion rate knowing a $USD amt and a $AUD amt

    Hi Glenn,
    Pretty straightforward really. My head must have been a bit fuzzy because the results didn't look right
    but on review A1/A2 will give what 1$USD will buy in $AUD and the reverse
    will give what 1$AUD will buy in $USD

    Thanks for your quick response

    Bazzabit

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    Re: Excel formula to calculate a conversion rate knowing a $USD amt and a $AUD amt

    Request solved

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    Administrator FDibbins's Avatar
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    Re: Excel formula to calculate a conversion rate knowing a $USD amt and a $AUD amt

    To mark the thread as "solved" see points 2 below
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    Ford

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