In cell B1 at the top of the second column you have this formula: =A1*$D$1. Your conversion rate is in cell D1 (e.g., 1.10). So in the first column you have your $Cdn figures (A1, A2, A3…). And in particular you want to set it up so you can adjust the US conversion rate in one location on the sheet so you don’t have to do it multiple times if the exchange rate changes. Now consider this example where you have a constant in a formula: You have a column of costs in Canadian dollars and you want to add a second column that gives the US dollar equivalent. If copy this formula to cell D2, the cell references will change relative to the new location and the formula will automatically change to =A2+(B2*C2). Cell D1 contains this formula: =A1+(B1*C1). An absolute cell reference does not change when the formula is moved.Ĭonsider this example: Starting in A1 you have a 3×3 table with some figures in it. A relative cell reference adjusts to its new location when the formula is copied or moved. When you create a cell reference in an Excel formula that refers to another cell, that cell reference can be relative (the default) or absolute.
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