# FIXED Formula

## Definition

The FIXED formula in Excel is one of the many advanced Excel functions for data analysis. This useful formula formats a number as text with a fixed number of decimal places, rounding the number as necessary. The FIXED formula, an integral part of the Excel functions list, is frequently used for creating custom formulas in Excel.

## Purpose

The purpose of the FIXED formula is to offer a way of controlling the display of numerical values in your Excel calculator. It helps you achieve consistent decimal places in a column of numbers, thereby enhancing data readability and interpretation. It’s one of the best Excel functions to maintain uniformity in your spreadsheets.

## Syntax

The syntax for the FIXED formula is as follows:

```FIXED(number, [decimals], [no_commas]) ```

## Parameters

The FIXED formula takes three parameters:

1. Number: The numeric value that you wish to format.
2. Decimals (Optional): The number of decimal places to display in the result. If left blank, Excel defaults to 2 decimal places.
3. No_commas (Optional): A logical value (TRUE or FALSE) to control the display of the comma as a thousand separator.

## Returns

The FIXED formula returns a text representation of the number, rounded to the specified number of decimal places.

## Usage notes

Remember that while the FIXED formula alters the way a number is displayed, the underlying value in the cell remains unchanged.

## Availability

The FIXED formula is accessible across all versions of Excel. Whether you are working on a PC, a Mac, or an online version of Excel, you can comfortably use the FIXED formula.

## Example #1

Let’s look at a basic example:

```=FIXED(123.456) ```

The formula returns “123.46” as we didn’t specify the decimal places, and Excel defaulted to 2.

## Example #2

Let’s see an example where we specify decimal places:

```=FIXED(123.456, 1) ```

The formula returns “123.5” as we have specified one decimal place, and Excel rounds off the number accordingly.

## Example #3

What happens when we input a negative value for decimal places? Let’s see:

```=FIXED(123.456, -1) ```

The output is “120”, rounding off the number to the nearest tens place.

## Example #4

Let’s see how to use the third parameter:

```=FIXED(123456.789, 2, TRUE) ```

The formula returns “123457.79”, eliminating the comma because we specified TRUE for no_commas.

## Example #5

Using cell references is equally possible:

```=FIXED(A2, 2) ```

Assuming cell A2 contains 456.789, the formula will return “456.79”.

## Tips and Tricks

To display a number without any decimal places, simply set the ‘decimals’ argument to zero.

## Limitations

Since this formula returns a text string, you cannot directly use the output for further numerical calculations.

## Common errors and solutions

A common error is forgetting that this formula returns a text string. If you try to use the result in further mathematical operations, Excel will return a #VALUE! error.

## Best Practices

To avoid errors, always perform your numerical operations first, and then use the FIXED formula for final formatting.

## List of Related functions

Here are some other Excel functions you may find useful:

• ROUND: Rounds a number to a specified number of digits.
• DOLLAR: Formats a number in dollar format.
• TEXT: Converts a number to text according to a specified format.

## Frequently Used with the formulas

FIXED often finds its use with other Excel functions like CONCATENATE for creating custom text strings, or with IF for creating conditional formatting rules.

## Frequently Asked Questions

### Q. Can I use a negative number for ‘decimals’ in the FIXED formula?

Yes, a negative number for ‘decimals’ will round the number to the nearest 10, 100, 1000, and so forth.

### Q. Can I use cell references in the FIXED formula?

Yes, you can use cell references within this formula, making it a highly flexible tool for your Excel calculator.

### Q. What is the default number of decimal places in the FIXED formula?

If the ‘decimals’ argument is omitted, Excel will default to 2 decimal places.

Understanding the FIXED formula will empower you to control the display of numbers in your Excel spreadsheets effectively, enhancing readability and analysis.