DOLLARDE Function in Excel: Fractional Prices to Decimals

DOLLARDE Function in Excel: Fractional Prices to Decimals featured illustration

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⏱ 2 min readUpdated 28 September 2026

FinancialLevel: ExpertAvailable in: Excel 2007+

In this article
  1. Syntax
  2. Examples
  3. Example 1
  4. DOLLARDE in practice
  5. Where you will use it
  6. Worked example
  7. Mistakes people make
  8. Related functions
  9. Continue learning

DOLLARDE converts prices quoted in fractions (like 1 and 2/16) into decimals — still seen in some bond and commodity feeds.

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Syntax

=DOLLARDE(fractional_dollar, fraction)
Argument What it means
fraction Denominator, e.g. 16 or 32.

Examples

Example 1

=DOLLARDE(1.02, 16)

Returns 1.125 (1 and 2/16).

DOLLARDE in practice

Where you will use it

  • Convert fractional prices (32nds) to decimals
  • US bond quotes
  • Old commodity price formats

Worked example

Fraction priceFractionFormulaResult
100.1632=DOLLARDE(A2,B2)100.5
1.0216=DOLLARDE(A3,B3)1.125
99.2432=DOLLARDE(A4,B4)99.75

Results calculated in Excel.

Mistakes people make

MistakeWhat to do instead
Reading 100.16It means 100 and 16/32, not 100.16
Fraction baseUse the base the quote uses

DOLLARFR

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📎 Practice files for this article

  • 📗
    Practice workbook: Financial: EMI, SIP, NPV, IRR, depreciation23 tasks on realistic sales data — type your formula, the Check column turns green when it is right. Answers sheet included.
    ⬇ XLSX · 35 KB

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