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defining names in Excel can improve efficiency by making formulas quicker and easier to write and maintain there are a few different types of defined names which Iamp;#39;ll cover in this video and Iamp;#39;ll share a powerful shortcut that not many people know which gets around a problem often caused when copying sheets with existing names so be sure to watch to the end there are four types of named Rangers you can Define including a cell a range of cells a named constant and a named formula to illustrate Iamp;#39;ve got some data here that I want to convert from US Dollars into Australian dollars in cell D4 Iamp;#39;ve got the exchange rate that Iamp;#39;ll reference in my formulas and I can give this a name clicking in the name box I can simply type in the name that I want to give this cell weamp;#39;ll call it FX rate press enter and the name is defined now I can reference the cell by its name in a formula to convert the US Dollars to Australian dollars tab to accept it press