Then it steps back one row and returns the result from the column you've specified. In that case, Excel moves through the lookup values in the table until it reaches a value that's greater than the lookup value. That's why you're using the approximate match setting to start with. Here's the commission example we looked at earlier which uses VLOOKUP to find approximate matches in a named range called "commission table." Let's take a look at how VLOOKUP handles approximate matches in more detail.įirst, when you're using VLOOKUP for approximate matches, it's likely that the lookup value won't be in the table. However, you still need to understand how approximate matches work. When you're using VLOOKUP for approximate matches, you're not as likely to run into the problem of values not being found.
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