No need for a formula, you just need to go into (using Menu paths Excel 2003 and earlier) Format, Cells, Number, Currency
or in the Ribbon (Excel 2007 and newer), on Home tab, in the Cells area, Format Cells, Number, Currency.
Select the appropriate Currency
If you want up-to-date exchange rates, you will need to create a formula and tie into the current data. You can just do a Web Query to link to the source data you prefer.
Here is a very popular bit of code from Microsoft
that will
convert any currency amount in a cell to English words. All code and
text from
below here is the work of Microsoft.
Summary
This article shows you how to create a sample, user-defined function
named ConvertCurrencyToEnglish()
to convert a numeric value to an English word representation. For
example, the function
will return the following words for the number 1234.56: One Thousand
Two Hundred
Thirty Four Dollars And Fifty Six Cents
The Function Wizard can also be used to enter a custom function in a
worksheet.
To use the Function Wizard, follow these steps:
1. Click the Function Wizard button, and select User Defined under
Function Category.
2. Select ConvertCurrencyToEnglish, and enter your number or cell
reference.
3. Click Finish
To Create the Sample Functions
1. Insert a module sheet into a workbook. To do this in Microsoft Excel
97 or Microsoft
Excel 98, point to Macro on the Tools menu, and then click Visual Basic
Editor.
In the Visual Basic Editor, click Module on the Insert menu. In
Microsoft Excel
5.0 or 7.0, point to Macro on the Insert menu and click Module.
2. Type the following code into the module sheet.
Function ConvertCurrencyToEnglish (ByVal MyNumber)
Dim Temp
Dim Dollars, Cents
Dim DecimalPlace, Count
ReDim Place(9) As String
Place(2) = " Thousand "
Place(3) = " Million "
Place(4) = " Billion "
Place(5) = " Trillion "
' Convert MyNumber to a string, trimming extra spaces.
MyNumber = Trim(Str(MyNumber))
' Find decimal place.
DecimalPlace = InStr(MyNumber, ".")
' If we find decimal place...
If DecimalPlace > 0 Then
' Convert cents
Temp = Left(Mid(MyNumber, DecimalPlace + 1) & "00", 2)
Cents = ConvertTens(Temp)
' Strip off cents from remainder to convert.
MyNumber = Trim(Left(MyNumber, DecimalPlace - 1))
End If
Count = 1
Do While MyNumber <> ""
' Convert last 3 digits of MyNumber to English dollars.
Temp = ConvertHundreds(Right(MyNumber, 3))
If Temp <> "" Then Dollars = Temp & Place(Count) & Dollars
If Len(MyNumber) > 3 Then
' Remove last 3 converted digits from MyNumber.
MyNumber = Left(MyNumber, Len(MyNumber) - 3)
Else
MyNumber = ""
End If
Count = Count + 1
Loop
' Clean up dollars.
Select Case Dollars
Case ""
Dollars = "No Dollars"
Case "One"
Dollars = "One Dollar"
Case Else
Dollars = Dollars & " Dollars"
End Select
' Clean up cents.
Select Case Cents
Case ""
Cents = " And No Cents"
Case "One"
Cents = " And One Cent"
Case Else
Cents = " And " & Cents & " Cents"
End Select
ConvertCurrencyToEnglish = Dollars & Cents
End Function
Private Function ConvertHundreds (ByVal MyNumber)
Dim Result As String
' Exit if there is nothing to convert.
If Val(MyNumber) = 0 Then Exit Function
' Append leading zeros to number.
MyNumber = Right("000" & MyNumber, 3)
' Do we have a hundreds place digit to convert?
If Left(MyNumber, 1) <> "0" Then
Result = ConvertDigit(Left(MyNumber, 1)) & " Hundred "
End If
' Do we have a tens place digit to convert?
If Mid(MyNumber, 2, 1) <> "0" Then
Result = Result & ConvertTens(Mid(MyNumber, 2))
Else
' If not, then convert the ones place digit.
Result = Result & ConvertDigit(Mid(MyNumber, 3))
End If
ConvertHundreds = Trim(Result)
End Function
Private Function ConvertTens (ByVal MyTens)
Dim Result As String
' Is value between 10 and 19?
If Val(Left(MyTens, 1)) = 1 Then
Select Case Val(MyTens)
Case 10: Result = "Ten"
Case 11: Result = "Eleven"
Case 12: Result = "Twelve"
Case 13: Result = "Thirteen"
Case 14: Result = "Fourteen"
Case 15: Result = "Fifteen"
Case 16: Result = "Sixteen"
Case 17: Result = "Seventeen"
Case 18: Result = "Eighteen"
Case 19: Result = "Nineteen"
Case Else
End Select
Else
' .. otherwise it's between 20 and 99.
Select Case Val(Left(MyTens, 1))
Case 2: Result = "Twenty "
Case 3: Result = "Thirty "
Case 4: Result = "Forty "
Case 5: Result = "Fifty "
Case 6: Result = "Sixty "
Case 7: Result = "Seventy "
Case 8: Result = "Eighty "
Case 9: Result = "Ninety "
Case Else
End Select
' Convert ones place digit.
Result = Result & ConvertDigit(Right(MyTens, 1))
End If
ConvertTens = Result
End Function
Private Function ConvertDigit (ByVal MyDigit)
Select Case Val(MyDigit)
Case 1: ConvertDigit = "One"
Case 2: ConvertDigit = "Two"
Case 3: ConvertDigit = "Three"
Case 4: ConvertDigit = "Four"
Case 5: ConvertDigit = "Five"
Case 6: ConvertDigit = "Six"
Case 7: ConvertDigit = "Seven"
Case 8: ConvertDigit = "Eight"
Case 9: ConvertDigit = "Nine"
Case Else: ConvertDigit = ""
End Select
End Function
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