Dollar Formula Excel

This topic has been explained in great detail in the video shown below, to learn this topic just play the video and the notes are mentioned below the video.

Dollar Formula Excel

DOLLAR Formula in Excel

This article describes the formula syntax and usage of the DOLLAR function in Microsoft Excel.

Description of Dollar Formula

The function described in this Help topic converts a number to text format and applies a currency symbol. The name of the function (and the symbol that it applies) depends upon your language settings.

This function converts a number to text using currency format, with the decimals rounded to the specified place. The format used is $#,##0.00_);($#,##0.00).

How to use Dollar Formula

DOLLAR(number, [decimals])

The DOLLAR function syntax has the following arguments:

  • Number    Required. A number, a reference to a cell containing a number, or a formula that evaluates to a number.
  • Decimals    Optional. The number of digits to the right of the decimal point. If decimals is negative, number is rounded to the left of the decimal point. If you omit decimals, it is assumed to be 2.

Remark on Dollar Formula

The difference between formatting a cell with a ribbon command and using the DOLLAR function is that DOLLAR converts its result to text. A number formatted with the Format Cells dialog box is still a number. You can continue to use the results generated by DOLLAR in other formulas, because Excel converts numbers entered as text to numbers when it calculates.

Example Dollar Formula

Copy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data.

Formula Description Result
=DOLLAR(A2, 2) Displays the first number in a currency format, 2 digits to the right of the decimal point. $1,234.57
=DOLLAR(A2, -2) Displays the first number in a currency format, 2 digits to the left of the decimal point. $1,200
=DOLLAR(A3, -2) Displays the second number in a currency format, 2 digits to the left of the decimal point. ($1,200)
=DOLLAR(A4, 4) Displays the third number in a currency format, 4 digits to the right of the decimal point. ($0.1230)
=DOLLAR(A5) Displays the fourth number in a currency format, 2 digit to the left of the decimal point . $99.89

The Video has been been made by me and the text has been taken from Microsoft blog 

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