Daily DAX : Day 396 DOLLARFR

Power BI DAX: DOLLARFR() Function

Syntax

DOLLARFR(decimal_price, fraction)

Parameters

Parameter Description
decimal_price A decimal number representing the price (e.g., 1.25 for $1.25).
fraction An integer that specifies the denominator of the fraction (e.g., 8 for 1/8ths, 32 for 1/32nds).

Description

The DOLLARFR() function converts a decimal price into a fractional dollar price commonly used in financial markets, especially in bond and treasury pricing where prices are quoted in fractions (like 1/32 or 1/64).

It expresses the price in the format: whole_number + fraction, where the fractional part is based on the specified denominator.

Example:
If a bond is priced at 99.25 and quoted in 32nds, you can convert it using:

DOLLARFR(99.25, 32) → Returns 99.08
(99 whole dollars + 8/32 = 99 + 0.25)

Use Case: Bond & Treasury Pricing

  • Used in fixed-income securities (e.g., U.S. Treasury notes, corporate bonds).
  • Prices are traditionally quoted in 32nds or 64ths of a dollar.
  • Converts clean decimal prices into the market-standard fractional format.
  • Helps in reporting, data import, and matching market quotes.

Example in Power BI

Bond Price (Fractional) = 
DOLLARFR([Clean Price], 32)

Input: Clean Price = 100.50 → 100 + 16/32

Output: DOLLARFR(100.50, 32) = 100.16

Related Function

DOLLARDE() – Converts fractional dollar price back to decimal.

DOLLARDE(100.16, 32) → 100.50


Comments

Post a Comment

Popular posts from this blog

Daily DAX : Day 131 SELECTEDMEASURE

 The SELECTEDMEASURE function in Power BI's DAX (Data Analysis Expressions) language is a powerful tool used primarily within calculation groups to dynamically reference the measure currently being evaluated in a report. It’s part of the calculation group feature introduced to streamline complex reporting scenarios and improve maintainability by reducing the need to duplicate measure logic. What is SELECTEDMEASURE? SELECTEDMEASURE is a DAX function that returns a reference to the measure that is currently active or "selected" in the context of a calculation group. It doesn’t take any arguments and is typically used in the expression of a calculation item within a calculation group. This allows you to write generic logic that can dynamically apply to whichever measure is being evaluated in a visual, without hardcoding specific measure names. Syntax SELECTEDMEASURE()     Returns: A reference to the measure currently being evaluated in the report context. Use Case SELECTEDME...
Read more

Daily DAX : Day 446 INFO.CSDLMETADATA

Power BI DAX Function: INFO.CSDLMETADATA INFO.CSDLMETADATA` is a specialized DAX function introduced as part of a broader set of "INFO" functions (like `INFO.TABLES` or `INFO.MEASURES`) used for **model introspection**. It allows you to programmatically access the underlying structure of your Power BI semantic model. What does it do? The function returns a table with a single column containing the Conceptual Schema Definition Language (CSDL)  metadata of your model in XML format . In plain English, it exports a highly technical "blueprint" of your entire data model—including tables, columns, relationships, and measures—as a structured XML string. It is essentially the DAX equivalent of the `DISCOVER_CSDL_METADATA` Dynamic Management View (DMV) used in Analysis Services. --- Syntax and Output The syntax is straightforward as it requires no arguments: ```dax EVALUATE INFO.CSDLMETADATA() ``` Return Value : A table with one column and one row. Content : A long string ...
Read more

Daily DAX : Day 453 ENDOFWEEK

Power BI DAX Function: ENDOFWEEK Description The ENDOFWEEK function is a Time Intelligence function in DAX (Data Analysis Expressions) used in Power BI. It returns the date that represents the end of the week containing a specified date (typically Saturday, as weeks are considered to start on Sunday by default in DAX time intelligence). Syntax ENDOFWEEK( [, ]) : A column reference (usually from a Date table) or a date expression. Required. : Optional. Specifies the week-ending convention. Default is Saturday if omitted. Examples 1. Basic usage (default: week ends on Saturday): End of Week = ENDOFWEEK('Date'[Date]) For a date like January 8, 2026 (Thursday), this would return January 10, 2026 (Saturday). 2. In a measure for cumulative sales up to end of week: Total Sales to End of Week = CALCULATE( SUM(Sales[Amount]), DATESBETWEEN('Date'[Date], ST...
Read more