The Excel Hlookup function 'looks up' a given value in the top row of a data array (or table), and returns the corresponding value from another row of the array.
The syntax of the function is:
Where the function arguments are as follows:
lookup_value    The value that you want to search for, in the first row of the supplied data array  
table_array    The data array or table, containing the data to be searched in the top row, and the return values in any other row.  
row_index_num    The row number, within the supplied table_array, that you want the corresponding value to be returned from.  
[range_lookup]    An optional logical argument, which can be set to TRUE or FALSE, meaning:  

Wildcards
In textrelated Hlookups, the lookup_value can contain the following wildcard characters:
?  matches any single character
*  matches any sequence of characters
Cells A2F6 of the spreadsheet below, show the exam scores for 5 students in 4 different subjects. If you want to look up a specific score (e.g. Biology) for one of the students (e.g. Ed), this can be done using the Hlookup function, as shown in cell B10 of the spreadsheet.
Formulas:  Results: 
In the above example, the Hlookup function searches through the top row of the table_array (the range A2F2), to find a match for the lookup_value (the name "Ed"). When the the name 'Ed' is found, the function returns the corresponding value from the 5th row of the table_array.
This is illustrated in the above spreadsheet on the right. The function finds the name 'Ed' in the top row of the table_array and then returns the value from the 5th row of the table.
If we change the name in cell A10 of the spreadsheet from 'Ed' to 'Cara', the Hlookup functions would automatically recalculate the function to display the exam results for Cara.
Cells A1F3 of the spreadsheet below, show body types relating to body mass index (BMI), for the ranges 0  18.4, 18.5  24.9, 25.0  29.9 and over 30.
Cell C6 shows the user's current BMI, which is 23.5, and cell C7 shows the Hlookup function that is used to look up the body type that relates to this BMI.
The Hlookup function in the above spreadsheet returns the result "Normal Weight", which is the correct body type for a BMI of 23.5.
Note that, in this example, the [range_lookup] argument is set to TRUE, to tell that function that, if it cannot find an exact match to the supplied lookup_value, it should use the closest match below this value. Therefore, for all BMIs up to and including 18.4 the function would return "Underweight", for all BMIs between 18.5 and 24.9, the function would return "Normal Weight", etc.
For a practical example of the HLOOKUP function being used to create a variable dropdown list, see the Variable DropDown List page.
Also, there are further examples on the Microsoft Office website.
If you get an error from the Excel Hlookup function this is likely to be one of the following:
#N/A    Occurs if the Hlookup function fails to find a match to the supplied lookup_value  
 
#REF!    Occurs if the supplied row_index_num argument is greater than the number of rows in the supplied table_array.  
#VALUE!    Occurs if either:

Also, the following problem is encountered by some users:
Many users find that the Excel HLOOKUP function returns the #N/A error when performing an exact lookup (i.e. with [range_lookup] set to FALSE), even though they know that the lookup value is present in the table_array. However,
They cannot understand why the Hlookup function doesn't find the lookup_value in the table_array.
Investigate this problem by checking for equality between the cells that you believe should match.
In Example 1 above, we expect the text "Ed" in cell A10 to be matched with the text "Ed" in cell E2 of the spreadsheet. Therefore, we need to test if Excel considers the contents of these two cells to be truly equal. We can do this by typing the following formula into any free Excel cell:
This formula will evaluate to TRUE if Excel considers the contents of cells A10 and E2 to be truly equal. If the formula evaluates to FALSE, however, this tells you that the cause of your Hlookup error is that the contents of cells A10 and E2 are not truly equal.
If Excel tells you that the cells that you expect to be matched are not truly equal, you need to find out why this is. The reason is likely to be one of the following:
You may have unseen characters, such as spaces, at the start or end of either the value you are looking up, or in the cells of the table_array. These characters cause the lookup_value cell and the 'matching' cell in the table_array to have slightly different content.
In this case, you need to click into each cell and remove any additional characters.
The contents of the cells that are being compared may have different data types. For example, the cell containing the lookup_value may be stored as a number by Excel, whereas the values in the table_array may be stored as text (even though they may look like numbers).
Force both sets of data to have the same type. For example, if you want both sets of values to be stored as text, convert both sets of data to text, using Excel's Text To Columns tool:
The data in your selected cells should now be stored as text within Excel and so the Excel Hlookup function should be able to find the matching value.
Note that you could also have chosen to convert the contents of the cells to Excel's 'general' type, by simply selecting the column data format General in the Text To Columns tool.