Formula generator for DOLLAR FUNCTION function
The DOLLAR function formats a number into the locale-specific currency format. It takes two arguments: the number to be formatted and the number of decimal places to display (optional). The function returns the formatted number as a text string.
Formula generator
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How to generate an DOLLAR FUNCTION formula using AI.
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DOLLAR FUNCTION formula syntax
The DOLLAR function in Excel is used to convert a number to text with a specific currency format. The syntax for the DOLLAR function is: DOLLAR(number, decimals) - number: This is the number you want to convert to text. - decimals: This is an optional argument that specifies the number of decimal places to display. If omitted, the default is 2. The DOLLAR function returns the number converted to text with a currency symbol and the specified number of decimal places. For example, =DOLLAR(1234.567, 2) would return "$1,234.57".
Use Cases & Examples
In these use cases, we use the DOLLAR function to format a numeric value as currency with a specified number of decimal places, and the SUM function to calculate the sum of values in a range, and the COUNT function to count the number of values in a range.
Calculating Total Revenue
Description
Calculates the total revenue by multiplying the unit price by the quantity sold and formatting the result into the locale-specific currency format.
Result
=DOLLAR(B2*C2, 2)
Calculating Monthly Budget
Description
Calculates the monthly budget by summing up the income and subtracting the expenses, and formatting the result into the locale-specific currency format.
Result
=DOLLAR(B2*C2, 2)
Calculating Sales Tax
Description
Calculates the sales tax by multiplying the total amount by the tax rate and formatting the result into the locale-specific currency format.
Result
=DOLLAR(SUM(B2:B10) - SUM(C2:C10), 2)
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Include Key Details
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FAQ
Frequently Asked Questions
- The DOLLAR function is used to format a number as currency, with the specified number of decimal places and currency symbol.
- To use the DOLLAR function, you need to provide the number you want to format as currency and optionally specify the number of decimal places and the currency symbol.
- Yes, you can change the currency symbol used by the DOLLAR function. By default, it uses the currency symbol defined in your regional settings, but you can specify a different symbol as an optional argument.
- Yes, you can specify the number of decimal places for the DOLLAR function. By default, it uses 2 decimal places, but you can specify a different number as an optional argument.
- No, the DOLLAR function is used for formatting purposes only and does not perform currency conversion. If you need to convert a number to a different currency, you will need to use a different function or method.