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Uh, I mean kinda…
Excel implements two Microsoft file format standards:
Those are not the same and even incompatible in parts. It is correct, that Microsoft tries to use ISO 29500 more, but most files (2007) still are ECMA-376.
But yes, they kinda would have to change their shitty, ISO-incompatible ISO “standard” to fix this issue this way.
Or use the formula field, idk. 😅