Foreign Currency to USD Exchange Rate (Historical) Formula in Excel

Looking to convert historical foreign currency data to USD directly in Excel? The Foreign Currency to USD Exchange Rate (Historical) formula in Excel with MarketXLS helps you retrieve accurate historical exchange rates based on specified year, quarter, and trailing periods. Learn how to use this powerful function in your financial models and analysis.

Understanding Foreign Currency to USD Exchange Rate (Historical)

• Purpose: Fetch the historical exchange rate of a foreign currency against the USD for a given year, quarter, or trailing twelve months (TTM).

• Key Benefits:

  • Quickly convert foreign-denominated financials to USD.
  • Seamlessly integrate exchange rates into your Excel workflows.
  • Ideal for cross-border investments, multi-currency portfolios, and corporate finance.

• When to Use: Use this formula whenever you need to perform historical currency conversions or analyze financial statements requiring a USD-based reference for a past period.

Syntax and Parameters

Below is the syntax of the formula:

=hf_Foreign_Currency_to_USD_Exchange_Rate(Symbol, Year, [Quarter], [TTM])

Return Value:
• Returns a numeric value representing the historical exchange rate.
• Returns "NA" if the symbol is invalid, the data is unavailable, or if the user license is not valid.

?? Note: This formula relies on external data from MarketXLS. Ensure you have an active subscription that supports historical fundamental data.

Examples and Usage

Below are quick examples showing different ways to use this function:

1. Basic historical exchange rate by year:

   =hf_Foreign_Currency_to_USD_Exchange_Rate("MSFT", 2022)

   Retrieves the foreign currency to USD exchange rate for “MSFT” in the calendar year 2022.

2. Specifying quarter:

   =hf_Foreign_Currency_to_USD_Exchange_Rate("MSFT", 2022, 2)

   Retrieves the exchange rate for the second quarter of 2022.

3. Including trailing twelve months (TTM):

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

   Fetches the exchange rate over the trailing twelve months from the third quarter of 2022.

4. Last quarter usage:

   =hf_Foreign_Currency_to_USD_Exchange_Rate("MSFT", "lq")

   Returns the exchange rate for the last reported quarter.

5. Last year with offset:

   =hf_Foreign_Currency_to_USD_Exchange_Rate("MSFT", "ly-1")

   Retrieves the exchange rate for the previous last year.

? Pro Tip: You can combine date functions or cell references for advanced date handling. For instance: • =hf_Foreign_Currency_to_USD_Exchange_Rate(A1, 2023)
• =hf_Foreign_Currency_to_USD_Exchange_Rate("GBPUSD:FOREX", TEXT(A1,"yyyy"), 1)

Common Questions

1. What if I get “NA” as a result?

• Verify your MarketXLS subscription and licensing.
• Check for correct symbol formats.
• Ensure the specified year, quarter, or TTM parameters are valid.

2. Can I use this with any foreign currency pair?

• Yes. As long as the pair is supported by MarketXLS and follows the format (e.g., "GBPUSD:FOREX"), the formula should return the corresponding historical exchange rate.

3. How does performance scale with multiple calls?

• The function calls an external API – using it excessively might slow Excel. Consider grouping requests or refreshing data in batches.

4. What if I want real-time exchange rates?

• This function is specifically for historical data. For real-time or intraday pricing, consider other MarketXLS real-time functions (subject to your plan).

?? Note: Always ensure you have the necessary data subscriptions enabled in MarketXLS for historical exchanges.

By leveraging the Foreign Currency to USD Exchange Rate (Historical) formula, you can smoothly incorporate historical FX data into your Excel worksheets for informed financial and investment analyses.