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The Excel FIXED Function
Basic Description
The Excel FIXED function rounds a supplied number to a specified number of decimal places and then converts this into text.
The format of the function is :
FIXED( number, [decimals], [no_commas] )
Where the arguments are as follows :
number    The number to be converted into a text string 
[decimals]    An optional numerical argument which specifies the number of decimal places to be shown after the decimal point Note :  If [decimals] is omitted, it takes on the default value of 2    If [decimals] is negative, the supplied number is rounded up to the left of the decimal point    If [decimals is a decimal (rather than an integer), it is truncated to an integer 

[no_commas]    An optional logical argument which specifies if the returned text should separate thousands by commas. Possible values are :
TRUE    Commas are not included in the resulting text  FALSE    Commas are included in the resulting text  If the [no_commas] argument is omitted, it takes on the default value of FALSE. 
Fixed Function Examples
The spreadsheet below shows examples of use of the Excel Fixed Function. The spreadsheet on the left shows the format of the functions and the spreadsheet on the right shows the results.
Formulas:  Results: 
Fixed Function Common Problem
Common Problem
Once a number has been converted, using the Excel Fixed function, it is stored in Excel as text. Therefore, it cannot be used in numeric calculations.
If you want to be able to use the numbers in calculations, you may prefer to keep the values as numbers in Excel and just change the formatting into the required numeric format. To do this:
 Right click with the mouse, on the cell to be formatted
 Select the Format Cells ... option and ensure the Number tab is selected
 Under the Category heading, select the option Number
 From the options that appear on the right, specify the details of the formatting required
 Click OK
For more information on Excel formatting, click here