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Running Total in one currency - but debits in mulitple currency.

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    Running Total in one currency - but debits in mulitple currency.

    Hi All,

    I have been spinning around in circles trying to make a workable solution to this - I am sure the Excel experts out there will know how.

    I have a starting number of say £50,000. This is the opening balance. I want to show this in Euros and US $ too. Easy enough with a simple formula.

    Now I want to show a running balance as debits come off the opening balance - leaving a running total.

    However, the debits can be in three currencies - Euro, US $ and Sterling.

    So I want the spreadsheet to calculate the balance regardless of which currency is being debited from the opening balance.

    So if the o/b is £50,000 - and a payment of $10,000 is made - I want the result to be £43,806.52 in the running total.

    $10,000 converted to Sterling at 1.6146 exchange rate giving £6193.48 and then deducted from the total.

    Simple enough - but the debit could be one of three currencies - which is where I am struggling.

    Any help or suggestions would be great.

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    Re: Running Total in one currency - but debits in mulitple currency.

    Chk http://www.pcreview.co.uk/forums/sum...-t3493015.html

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    Re: Running Total in one currency - but debits in mulitple currency.

    Thanks for the response - but that thread is about seperating the currency - I am not trying to do that - almost the opposite - I dont want to export the data - just want the core total (Sterling) to be adjust for the debits regardless of the currency.

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    Re: Running Total in one currency - but debits in mulitple currency.

    Do you (or can you) have a separate column that shows the currency of each transaction?

    Then you can have a lookup table of exchange rates and use VLOOKUP to capture the correct conversion and use that to get the £.
    Where there is a will there are many ways.

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    Re: Running Total in one currency - but debits in mulitple currency.

    Quote Originally Posted by NBVC View Post
    Do you (or can you) have a separate column that shows the currency of each transaction?

    Then you can have a lookup table of exchange rates and use VLOOKUP to capture the correct conversion and use that to get the £.
    Sure - I have a blank page. So I can put in whatever is required. The only constant at this stage is the starting point of £60,000.

    Could you explain a little more on the lookup idea? I use vlookup so I would be comfortable using this - just not sure on the starting point.

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    Forum Expert NBVC's Avatar
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    Re: Running Total in one currency - but debits in mulitple currency.

    Well,

    My idea is that you enter the values as numbers only, like 60000 starting
    in adjacent column you enter the currency, like £...

    You would have a table off to the side of currencies and exchange rates

    So assuming your first entry is in A2 and in B2 you have a currency of £

    and assuming your table is in X2:Y5

    Then make an entry in A3 and place corresponding currency in B3

    In a new column say C2 enter =A2 (you can format this as £) in C3 you would have a formula like:

    =C2-A3*VLOOKUP(B3,$X$2:$Y$5,2,0)

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