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Toggle absolute and relative references

Windows shortcut 
F4
Mac shortcut 
T

While editing a formula, this shortcut toggles cell references from relative to absolute, to partially absolute, back to relative again:

A1 --> $A$1 --> A$1-- > $A1-- > A1

It's much faster and easier than typing $ characters manually.

To convert an existing formula, enter cell edit mode, place the cursor in or next to the reference you'd like to convert, then use the shortcut.

Note: in Excel 2016 for the Mac, you can also use fn + F4. 

Related videos

The videos below demonstrate this shortcut.
In this video, we'll look at how to create a bar chart in Excel to show survey data. Bar charts are good for long labels, since there is plenty of room for text to the left of the bars. 
In this video we show you how to use an absolute address to fix a reference in a simple example about hours worked at a certain pay rate.
In this lesson, we cover shortcuts you can use when building, editing, or entering formulas.
In this video, we'll look at how to use the SUMIFS function with an Excel table, with a side-by-side comparison without a table.
In this video, we'll look at how to build a 100% stacked column chart that shows the percentages in each bar.

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