In this Excel Training video, we’ll be focusing on currency rates, and we’ve got a neat trick up our sleeves. We’ll unveil a method that allows you to retrieve currency rates directly within Excel, eliminating the need for data imports or external APIs. This invaluable technique simplifies the process of accessing up-to-date currency information, making it ideal for financial analysis, international business, or simply staying informed about exchange rates.
But that’s not all — we’ll also demonstrate how to leverage this currency rate information to create dynamic charts that visually represent currency fluctuations over time. This additional layer of insight enhances your ability to analyze and interpret currency trends effectively. Whether you’re a finance professional, a business owner, or a data enthusiast, this tutorial equips you with the skills to stay informed about currency rates and transform that data into meaningful visualizations.
Resources
List of currency pairs:
Use data to calculate volatility:
Although it’s not the most precise way of calculating volatility, you could use the 52-week high and low to check how volatile the price is using the formula below.
=STDEVP(C2:F2) * SQRT(52)The higher the value returned by the above function, the higher the volatility. However, please remember that this is not a particularly accurate way of calculating volatility.