The Excel DOLLARFR function converts a dollar price in a regular decimal number format to a dollar price in a particular fractional notation used for securities where pricing is given to the nearest 1/8, 1/16, 1/32, etc. The DOLLARDE function does the opposite conversion.
Syntax:= DOLLARFR(decimal_dollar, fraction)
The DOLLARFR function syntax has the following arguments:
- Decimal_dollar Required. A decimal number.
-
Fraction Required. The integer to use in the denominator of a fraction.
Example: Let’s look at some Excel DOLLARFR function examples and explore how to use the DOLLARFR function as a worksheet function in Microsoft Excel:
Syntax: =DOLLARFR(A2,B2)
Result:
Based on the Excel spreadsheet above, the following DOLLARFR examples would return:
Syntax: =DOLLARFR(A3,B3)
Result: 2.13
Syntax: =DOLLARFR(A4,B4)
Result: 1.01
Syntax: =DOLLARFR(A5,B5)
Result: 1.03
Syntax: =DOLLARFR(A6,B6)
Result: 1.1
Syntax: =DOLLARFR(A7,B7)
Result: 1.01
Syntax: =DOLLARFR(A8,B8)
Result: 1.03
Syntax: =DOLLARFR(A9,B9)
Result: 1.11
Syntax: =DOLLARFR(A10,B10)
Result: 1.12
Note:
- If fraction is not an integer, it is truncated.
- If fraction is less than 0, DOLLARFR returns the #NUM! error value.
-
If fraction is 0, DOLLARFR returns the #DIV/0! error value.
