## Summary

The Excel DOLLARDE function converts a dollar price entered with a special notation to a dollar price displayed as a decimal number.  The DOLLARFR function does the opposite conversion.

## Purpose

Convert dollar price as fraction to decimal

## Return value

Equivalent decimal number

## Arguments

• fractional_dollar - Dollar component in special fractional notation.
• fraction - The denominator in the fractional unit. 8 = 1/8, 16 = 1/16, 32 = 1/32, etc.

## Syntax

=DOLLARDE(fractional_dollar, fraction)

## How to use

The DOLLARDE function is a financial function which converts values pricing entered with a particular fractional notation into an equivalent decimal number. It can be used for securities where pricing is given to the nearest 1/8, 1/16, 1/32, etc.

For example, to convert the price "3 and 1/16" to an equivalent decimal value, you can use the DOLLARDE function like this:

``````=DOLLARDE(3.01,16) // returns 3.0625
``````

Notice first argument shows the whole dollar value on the left, and the decimal component is used to express the numerator (.01 = 1, .11 = 11, etc.). The second argument is the denominator.

In the example shown, the formula column E, copied down, is:

``````=DOLLARDE(C6,D6)
``````

On each row, the DOLLARDE function picks up the fractional dollar notation from column C and the denominator from column D.

### Notes

1. Both fractional_dollar and fraction arguments must be numeric values.
2. The value for fraction must be greater than zero. Author ### Dave Bruns

Hi - I'm Dave Bruns, and I run Exceljet with my wife, Lisa. Our goal is to help you work faster in Excel. We create short videos, and clear examples of formulas, functions, pivot tables, conditional formatting, and charts.