How to use the Excel DOLLAR function

Excel DOLLAR function

Description

The DOLLAR function, one of TEXT function, which is used to convert a number to text in the currency formatting, with the decimals rounded to the given number of decimal places. Supposing, DOLLAR(12.34,4) rounds the number "12.34" to 4 decimal places and returns text string "$12.3400" in currency format.

Syntax and arguments

Formula syntax

DOLLAR(number,[decimals])

Arguments

number: Required, the number or reference or a formula that evaluates to a number you used to convert to text in currency format.
decimal: Optional, the number of digits to the right of the decimal point. If it is omitted, the number of digits to the right of the decimal point is 2. If it is negative, the number is rounded to the left of the decimal point.

Return Value

The DOLLAR function returns a number displayed as text in currency format.

Remarks

1. The DOLLAR function uses the $#,##0.00_);($#,##0.00) number format, although the currency symbol depends on your local language settings.

2. If the argument [decimals] is negative and the absolute value of this [decimals] is larger than or equal to the number of the Number’s integer digits , it returns zero. Supposing, =DOLLAR(11.24,-2) returns $0.

Usage and Examples

Example 1 argument [decimals] is omitted

=DOLLAR(B3))

B3 is the cell containing the number you want to convert to text in currency format. When omit the argument [decimals], it returns text in currency format with 2 digits to the right of the decimal point.

Example 2 argument [decimals] is positive

=DOLLAR(B4, 4)

B4 is the cell containing the number you want to convert to text in currency format. And it returns text in currency format with 4 digits to the right of the decimal point.

Example 3 argument [decimals] is negative

=DOLLAR(B5, -2)

B5 is the cell containing the number you want to convert to text in currency format. And it returns text in currency format with 2 digits to the left of the decimal point.

Example 4 directly using number as argument number

=DOLLAR(46.743, 1)

Convert 46.743 to text in currency format. And it returns text in currency format with 1 digit to the right of the decimal point.

Download sample

dollar-function.xlsx

Relative Functions:

Excel CHAR Function
The CHAR function returns the character specified by a number which from 1 to 255.

Excel CLEAN Function
The CLEAN function is used to remove all non-printable characters from the given text.

Excel CODE Function
The CODE function returns a numeric code of a character or the first character in a given text string cell.

Excel CONCAT Function
The CONCAT function joins texts from multiple columns, rows or ranges together.

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