NOMINAL Function in Excel: Effective Rate Back to Nominal

⏱ 1 min readUpdated 28 September 2026

FinancialLevel: ExpertAvailable in: Excel 2007+

In this article
  1. Syntax
  2. Examples
  3. Example 1
  4. Related functions

NOMINAL reverses EFFECT: it tells you the quoted annual rate behind an effective yield.

Syntax

=NOMINAL(effect_rate, npery)
Argument What it means
npery Compounding periods per year.

Examples

Example 1

=NOMINAL(8.3%, 12)

About 8.0% compounded monthly.

EFFECT · RATE

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