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FORMULA: calculating an exchange rate



 
 
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  #1  
Old January 26th 09, 02:18 PM posted to microsoft.public.excel.misc
Shevvie
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Posts: 20
Default FORMULA: calculating an exchange rate

I need to be sure I am calculating an exchange rate correctly - using today's
exchange rate for Dollar and Pound, what would be the cell formula to
calculate, below:

USD GBP Exchange Rate
750 543.44 0.72406

Also, would you know of a website that can help with other formulas such as
timezone differences ie. enter UK/Burbank CA = GMT timezone /-8hrs ?

Thank you - appreciate any help you can offer.
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  #2  
Old January 26th 09, 02:33 PM posted to microsoft.public.excel.misc
Pete_UK
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Posts: 8,856
Default FORMULA: calculating an exchange rate

In your example, rate = 543.44 / 750 which equals 0.72459 on my
calculator. As an Excel formula in C2:

=B2/A2

To subtract 8 hours from a time in A10:

=A10 - 8/24

as times are stored as fractions of a 24-hour day.

Hope this helps.

Pete

On Jan 26, 1:18*pm, Shevvie > wrote:
> I need to be sure I am calculating an exchange rate correctly - using today's
> exchange rate for Dollar and Pound, what would be the cell formula to
> calculate, below:
>
> USD * * GBP * * Exchange Rate
> 750 * * 543.44 *0.72406
>
> Also, would you know of a website that can help with other formulas such as
> timezone differences ie. enter UK/Burbank CA = GMT timezone /-8hrs ?
>
> Thank you - appreciate any help you can offer.


 




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