DOLLAR function: Description, Usage, Syntax, Examples and Explanation

Syntax of DOLLAR function

DOLLAR(number, [decimals])

The DOLLAR function syntax has the following arguments:

• Number: 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 this is negative, the number is rounded to the left of the decimal point. If you omit decimals, it is assumed to be 2.

DOLLAR formula explanation

Generally, you should use the Format Cells dialog (Ctrl+1) or Home > Number > Accounting Number Format option to apply a currency formatting to a cell. This is because the DOLLAR function returns the number provided as text. Numbers stored as text are a common cause of spreadsheet errors, because many functions ignore them, such as SUM, AVERAGE, MIN, MAX, etc.

Example of DOLLAR function

Steps to follow:

1. Open a new Excel worksheet.

2. Copy data in the following table below and paste it in cell A1

Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.

You can adjust the column widths to see all the data, if need be.