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Today's tutorial focuses on the function of the dollar sign in Excel. Adding a dollar sign before a letter or number in a cell reference fixes that aspect when dragging the cell reference down a column or across a row. This means that the fixed aspect will not change, providing consistency in the cell reference. By fixing both the column and row with dollar signs, the cell will always remain the same, regardless of how it is dragged. This allows for easier comparison of cells and ensures that the reference stays constant.