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Default Formula Dilemma

I have a column titled Unit Price, I need to be able to find a way of firstly
choosing whether it is n £, $ or Euros and calcluating the exchange rate
accordingly, I will also need to be able to edit the exchange rate
periodically. Secondly the same Pcolumn needs to have an option between 2
sets of pricing: List price and Discounted Price. I have a limited amount of
experience, so any suggestions would be welcome.
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