2 meanings: 1. to be superior to (another or others); surpass 2. to be outstandingly good or proficient.... Click for more definitions. Learn what $ means in Excel & understand the types of references with examples using the dollar ($) sign for absolute and mixed reference. Excel is essentially used for keeping track of data and using calculations to manipulate this data. All calculations in Excel are done by means of formulas, and all formulas are made up of different symbols or operators, depending on what function the formula is performing. In simple terms, Excel is a spreadsheet program that allows you to store, organize, analyze, and visualize data. From managing a simple project budget to creating complex financial models, Excel provides the tools to turn raw data into meaningful insights.