Microsoft Office Tutorials and References
In Depth Information
Important Tools for Any Business
The target is the three-letter ISO code that represents
the basic unit currency for a particular countr y that you
want the source to convert to.
TARGET
Full precision is the logical value of True or False that
tells Excel how to round. If True, it then refers to the
number for triangulation precision. If False, it defaults to
two spaces.
FULL_PRECISION
Is the number of decimal digits to round to. It’s activated
if the Full Precision argument is True. If omitted, Excel
does not round the Euro value.
TRIANGULATION PRECISION
Figure 2.22
Use the EUROCONVERT
function to convert
Euro currencies from
one European Union to
another.
Applying a Named Range to Formulas
When you have ranges that you often refer to when using formulas, you may want to consider
using a named range to represent the range. What does this mean? Let’s say you have a range
from A1:A100 that represents months in a year. You could apply a name to the range and call
it Months. Now, when you write a formula, you can paste the named range in the formula to
represent the range A1:A100. For example, in a SUMIF formula as shown in Figure 2.23, the
formula in cell J6 shows the SUMIF formula using range referencing, while the formula in cell
J8 is the same formula, however, named ranges are created to replace the cell ranges. To
apply a named range follow these steps:
1. Select the range to which you want to apply a name.
2. From the Insert menu, select Name then Define.
3. Under Names in workbook, type the name of the range. If it’s a couple of words, space
the words using underscores.
4. Click Add.
5. Click OK.
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