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Default Change Currency Format of Cell based on another Cell

Is there a way to dynamically change the currency format of a cell based on
the value of another cell dynamically.

For isntance cell A1 holds the text value "HKD", i want to change the
currency format of cell A2 to HKD. If the value in A1 is "SGD" then the
currency format of A2 will be SGD?

Is this possible?

Thanks.
Simon
 
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