Currency rate indicator (Historical) Formula in Excel

In this guide, we will explore how the Currency rate indicator (Historical) formula works in Excel with MarketXLS. This powerful function helps analysts and investors measure currency exchange rate changes and predict their direction over a specified historical period. Discover the syntax, parameters, and best practices to get the most from this function.

Understanding Currency rate indicator (Historical)

• Purpose: The hf_Currency_Rate_Indicator function retrieves historical currency exchange rate indicators, enabling you to track and compare fluctuations over set periods.
• Key Benefits:
  • Simplifies data retrieval of historical currency values directly in Excel.
  • Aids in forecasting currency trends by analyzing past performance.
  • Automates the process of pulling economic data at scale.
• When to Use:
  • Whenever you need to measure or predict currency exchange rate movements using historical data.
  • To quickly fetch key fundamentals without leaving your Excel workflow.

Syntax and Parameters

Use the following syntax to call the hf_Currency_Rate_Indicator function in your Excel spreadsheet:

=hf_Currency_Rate_Indicator(Symbol, year, [quarter], [TTM])

Return Value:
• Returns a numeric value representing the historical currency rate indicator.
• If invalid inputs, license issues, or API-related errors occur, the function returns "NA".

?? Note: This function relies on an external API call. Network connectivity and data availability may affect performance and response times.

Examples and Usage

Below are several ways to use the hf_Currency_Rate_Indicator formula with different parameters:

1. Retrieve for a specific year:

   =hf_Currency_Rate_Indicator("MSFT", 2022)

   Returns the currency rate indicator for the year 2022.

2. Retrieve for a specific quarter:

   =hf_Currency_Rate_Indicator("MSFT", 2022, 2)

   Returns the currency rate indicator for the 2nd quarter of 2022.

3. Combine quarter with trailing twelve months (TTM):

   =hf_Currency_Rate_Indicator("MSFT", 2022, 3, "TTM")

   Returns the currency rate indicator for the trailing twelve months from the 3rd quarter of 2022.

4. Use relative periods (last quarter, last year, etc.):

   • Last quarter:

     =hf_Currency_Rate_Indicator("MSFT", "lq")

   • Last quarter minus one:

     =hf_Currency_Rate_Indicator("MSFT", "lq-1")

   • Last year:

     =hf_Currency_Rate_Indicator("MSFT", "ly")

   • Last 12 months:

     =hf_Currency_Rate_Indicator("MSFT", "lt")

5. Using date references:

   • Cell reference:

     =hf_Currency_Rate_Indicator(A1)

     (Assume A1 contains "2022" or "ly", etc.)
   • Direct date string:

     =hf_Currency_Rate_Indicator("MSFT","2024-03-15")

   • Excel date functions:

     =hf_Currency_Rate_Indicator("MSFT", TEXT(A1,"yyyy-mm-dd"))

? Pro Tip: You can reference Excel cells for dynamic updates to Symbol or year. This approach helps you quickly switch or compare different currencies or time periods.

Common Questions

1. Why do I get "NA" as a result?

   • Possible reasons include an invalid Symbol, expired or inadequate MarketXLS license, or issues with the external data source. Double-check each of these before re-trying.

2. Can I use this function with different asset types?

   • Yes. You can use standard stock tickers like "MSFT", indices like "^SPX", options like "@MSFT 110122C00020000", or crypto pairs like "BTCUSD:DEFAULT".

3. Does it fetch real-time data or historical data?

   • This function specifically pulls historical data based on the specified year and quarter. Refer to MarketXLS documentation to see if real-time equivalents are available.

4. How can I improve performance?

   • If you frequently call this function across many cells, consider refreshing data in batches or scheduling updates during off-peak hours to reduce potential slowdowns.

5. Where can I find related historical fundamentals functions?

   • You can explore these functions for additional context:
     • Revenue (Historical)
     • Cost Of Revenue (Historical)
     • Gross Profit (Historical)
     • R & D Expenses (Historical)
     • Selling General and Administrative Expense (Historical)

For further details, consult the official MarketXLS knowledge base and documentation.