The Excel Dollar function rounds a supplied number to a specified number of decimal places and then converts this into a text string with a currency format.
The currency format used is the format that is set as the default on your computer.
The syntax of the Excel Dollar function is:
Where the arguments are as follows:
|number||-||The number to be converted into a text string.|
In the following example spreadsheet, the Excel Dollar Function us used to convert the number 123.591 to a text representation of a currency, rounded to different numbers of decimal places.
Note that, in cell A1 of the above spreadsheet, the [decimals] argument is omitted from the Dollar function, so the default value of 2 is used.
Further examples of the Excel Dollar function are provided on the Microsoft Office website.
If you get an error from the Excel Dollar Function, this is likely to be the #VALUE! error:
|#VALUE!||-||Occurs either of the supplied arguments are non-numeric.|
Some users encounter the following problem when using the Excel Dollar function:
Once a number has been converted, using the Excel Dollar function, it is stored in Excel as text. Therefore, it cannot be used in numeric calculations.
The easiest way to do this is to select the Currency formatting button on the Excel ribbon. This is generally located in the 'Number' group, on the Home tab of the ribbon (see below):