Description of the Value2 property for the Range object

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Microsoft provides programming examples for illustration only, without warranty either expressed or implied. This includes, but is not limited to, the implied warranties of merchantability or fitness for a particular purpose. This article assumes that you are familiar with the programming language that is being demonstrated and with the tools that are used to create and to debug procedures. Microsoft support engineers can help explain the functionality of a particular procedure, but they will not modify these examples to provide added functionality or construct procedures to meet your specific requirements. In the following example, the Value and Value2 properties return different results for the same cell object. To see the results, follow these steps:

1. Close and save any open workbooks, and then create a new workbook.
2. Enter the following in Sheet1:

   A1: 1.23456789
   A2: 2/3/97

3. Click cell A1 and click cells on the Format menu. Then, on the Number tab, click Currency in the Category list, and click OK.
4. Click cell A2 and click cells on the Format menu.
5. Click the Number tab, click Date in the Category list, and click OK.
6. Start the Visual Basic Editor (press OPTION+F11).
7. On the Insert menu, click Module.
8. Enter the following code in the Visual Basic module:

          Sub Value_vs_Value2()
   
            'Creates a cell value formatted as Currency
            Range("A1").Formula = "$1.23456789"
    
            'Creates a cell value formatted as a Date
            Range("A2").Formula = "2/3/1997"
   
            MsgBox "Currency returned by Value property = " & _
               Sheet1.Range("A1").Value
   
            MsgBox "Currency returned by Value2 property = " & _
               Sheet1.Range("A1").Value2
   
            MsgBox "Date returned by Value property = " & _
               Sheet1.Range("A2").Value
   
            MsgBox "Date returned by Value2 property = " & _
               Sheet1.Range("A2").Value2
   
            Range("A3").Value = Range("A1").Value
   
            MsgBox "Currency set by Value property = " & _
                Range("A3").Value
   
            Range("A4").Value = Range("A1").Value2
   
            MsgBox "Currency set by Value2 property = " & _
               Range("A4").Value2
   
         End Sub
   						

9. Run the Value_vs_Value2 macro. To do this, click Macros on the Tools menu. Click Value_vs_Value2 and click Run.

The macro displays the following messages in order:

The underlying cell value in cell A1 is 1.23456789, however, the Value property returns 1.2346. This is true because Microsoft Excel stores currency numbers in an integer format that is scaled by 10,000 to produce a fixed-point number with 15 digits to the left of the decimal and 4 digits to the right of the decimal. For cells formatted as currency, the Value2 property returns the actual underlying cell value.

The underlying cell value in cell A2 is the serial number for 2/3/97, which is 34002. The Value property returns a date formatted with the short date format. The Value2 property, for cells formatted as a date, returns the underlying serial number for the date.

The cell value set in A3 is rounded because the .Value property of A1 returns a number in the currency data type. When you use .Value to apply a number in currency data type, Excel will truncate (not round) it to 2 decimal places. This is also the same as using the following line of code:

Range("A3").Value = cCur(1.23456789)