EUROCONVERT

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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.

ShowHow?

  1. On the Tools menu, click Add-Ins.
  2. In the Add-Ins available list, select the Euro Currency Tools box, and then click OK.
  3. If necessary, follow the instructions in the setup program.

Syntax

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

Number     is the currency value you want to convert, or a reference to a cell containing the value.

Source     is 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:

Country/Region Basic unit of currency ISO code
Belgium franc BEF
Luxembourg franc LUF
Germany deutsche mark DEM
Spain peseta ESP
France franc FRF
Ireland pound IEP
Italy lira ITL
Netherlands guilder NLG
Austria schilling ATS
Portugal escudo PTE
Finland markka FIM
Greece drachma GRD
Slovenia tolar SIT
Euro member states euro EUR

Target     is 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     is 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.

Use If you want Excel to
FALSE Display the result with the currency-specific rounding rules, see the table that follows. Excel uses the calculation precision value to calculate the result and the display precision value to display the result. FALSE is the default if the full_precision argument is omitted.
TRUE Display the result with all significant digits resulting from the calculation.

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.

ISO code Calculation precision Display precision
BEF 0 0
LUF 0 0
DEM 2 2
ESP 0 0
FRF 2 2
IEP 2 2
ITL 0 0
NLG 2 2
ATS 2 2
PTE 0 2
FIM 2 2
GRD 0 2
SIT 2 2
EUR 2 2

Triangulation_precision     is 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.

Examples

The example may be easier to understand if you copy it to a blank worksheet.

ShowHow to copy an example

  1. Create a blank workbook or worksheet.
  2. Select the example in the Help topic.

 Note   Do not select the row or column headers.

Selecting an example from Help

Selecting an example from Help
  1. Press CTRL+C.
  2. In the worksheet, select cell A1, and press CTRL+V.
  3. To switch between viewing the results and viewing the formulas that return the results, press CTRL+` (grave accent), or on the Formulas tab, in the Formula Auditing group, click the Show Formulas button.

 Notes 

  • These examples assume conversion rates of 1 euro = 6.55957 French francs and 1.95583 deutsche marks. The EUROCONVERT function uses the current rates established by the EU. Microsoft will update the function if the rates change. To get full information about the rules and the rates currently in effect, see the European Commission publications about the euro.
  • The examples show the resulting value stored in the cell, not the formatted value.
 
1
2
3
4
5
6
A B C
Amount Source Target
1.2 DEM EUR
1 FRF EUR
1 FRF EUR
1 FRF DEM
1 FRF DEM
Formula Description (Result)
=EUROCONVERT(A2,B2,C2) Converts 1.2 deutsche marks to the equivalent in euros by using a calculation and display precision of 2 decimal places (0.61)
=EUROCONVERT(A3,B3,C3,TRUE,3) Converts 1 franc to the equivalent in euros by using a calculation and display precision of 3 decimal places (0.152)
=EUROCONVERT(A4,B4,C4,FALSE,3) Converts 1 franc to the equivalent in euros by using a calculation and display precision of 2 decimal places (0.15)
=EUROCONVERT(A5,B5,C5,TRUE,3) Converts 1 franc to the equivalent in deutsche marks by using an intermediate calculation precision of 3 and displaying all significant digits (0.29728616)
=EUROCONVERT(A6,B6,C6,FALSE,3)

Converts 1 franc to the equivalent in deutsche marks by using an intermediate calculation precision of 3 and a display precision of 2 (0.3).

 Note   The trailing zero is truncated.

 
 
Applies to:
Excel 2003