How to Use INDEX MATCH with Multiple Criteria for Date Range

Variables (such as commodity price, share, interest rate, etc.) subject to dates cause general people to panic, as their prices depend on dates. INDEX MATCH multiple criteria date range can extract prices from a given date range.

Let’s say we have certain products with their prices stable for a certain period of time. And we want to INDEX MATCH the prices for the given criteria.

In this article, we use multiple functions to INDEX MATCH multiple criteria date range.

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3 Easy Ways to Use INDEX MATCH for Multiple Criteria of Date Range

Method 1: Using INDEX MATCH Functions for Multiple Criteria of Date Range

We want to extract the price for a certain product on a specific date. Suppose we want to see the price of an Ice Cream on 02-10-22 (month-day-year). If the given date falls between the offered period of time, we’ll have the price extracted in any blank cell.

Steps: Insert the following formula in any blank cell (i.e., I5). As the formula in an array formula, Press CTRL+SHIFT+ENTER to apply it. Instantly the formula returns the Product price if it falls in the given period of time (i.e., Date range) as depicted below.

🔄 Formula Autopsy:

Excel INDEX function finds a value of a given location within a given range. In our case, we use the MATCH function induced with the INDEX function. The MATCH function passes its result as a row number for entries that satisfy given criteria. The syntax of an INDEX function is

In the formula, $E$5$E$16 refers to the array argument. Inside the MATCH function $B$5:$B$16=G5, $D$5:$D$16>=H5, and  $C$5:$C$16<=H5 declare the criteria. To provide better identification, we color respective ranges in rectangles.

The MATCH function locates the position of a given value within a row, column, or table. As we said earlier, the MATCH portion passes the row number for the INDEX function. The syntax of the MATCH function is

The MATCH portion is

The MATCH portion assigns 1 as lookup_value, ($B$5:$B$16=G5)*($D$5:$D$16>=H5)*($C$5:$C$16<=H5) as lookup_array, and 0 declares the [match_type] as an exact match.

The used MATCH formula returns 3 as it finds Ice Cream in row number 3.

In cases, we have multiple products to extract their price from the dataset. It kind of looks like the following picture,

The INDEX MATCH combined formula fetches Prices upon its arguments satisfying the criteria. Otherwise results in a #N/A error as depicted in the above screenshot.

Read More: VBA INDEX MATCH Based on Multiple Criteria in Excel (3 Methods)

Method 2: XLOOKUP Function to Deal with Multiple Criteria

Similar to Method 1, we can use the XLOOKUP function (only available in Excel 365) to INDEX MATCH multiple criteria date range. The syntax of the XLOOKUP function is

Steps: Use the below formula in cell I5 then Hit ENTER.

The XLOOKUP formula returns the respected price that satisfies the given criteria (i.e., Product and Date) as shown in the above picture.

🔄 Formula Autopsy:

The XLOOKUP assigns 1 as its lookup argument, (H5>=$C$5:$C$16)*(H5<=$D$5:$D$16)*($B$5:$B$16=G5) as lookup_array, $E$5:$E$16 as return_array. Also, the formula displays Not Found text in case entries don’t fall in the date range. We indicate the assigned criteria in colored rectangles as depicted in the following image.

➤ For multiple Products, you can apply the XLOOKUP formula and extract the prices upon satisfying the given criteria. Also, the formula displays Not Found if the given date criteria don’t expand within the given date range.

You can add more criteria than used in the formula. In order to give simple and lucid scenarios, minimal criteria have been used.

Read More: XLOOKUP with Multiple Criteria in Excel (4 Easy Ways)

Method 3: INDEX and AGGREGATE Functions to Extract a Volatile Price from Date Range

Some Products prices (i.e., crude oil, currency, etc.) are so volatile that they fluctuate for weeks or even days. We have prices of a certain product in a week’s interval. We want to find the price for the given dates. To find the price for a given date range, we can use the combined INDEX AGGREGATE function. The syntax of the AGGREGATE function is

Steps: Type the following formula in any blank cell (i.e., E8).

The 1^st  price of the certain product date 02-15-22 to 02-25-22 is $0.84. There may be a 2^nd or 3^rd price available but at first, we stick to the 1^st one.

🔄 Formula Autopsy:

In the formula, =IFERROR(INDEX(C$5:C$13,AGGREGATE(15,6, ROW(B$5:B$13)/((B$5:B$13>=F$4)*(B$5:B$13<=F$5))-ROW(B$5)+1,ROWS(E$8:E8))),"");

AGGREGATE(15,6,ROW(B$5:B$13)/((B$5:B$13>=F$4)*(B$5:B$13<=F$5))-ROW(B$5)+1,ROWS(E$8:E8))) portion provides the row number to the INDEX function. C$5:C$13 is the array argument of the INDEX function.

Inside the AGGREGATE formula,

(B$5:B$13>=F$4)*(B$5:B$13<=F$5) returns 1 or 0 depending on whether the dataset dates fall in the range or not.

ROW(B$5:B$13)/((B$5:B$13>=F$4)*(B$5:B$13<=F$5)) returns an array of row numbers depending on the satisfying the date criteria. Otherwise, results in error values.

ROW(B$5:B$13)/((B$5:B$13>=F$4)*(B$5:B$13<=F$5))-ROW(B$5)+1 as ref1 results in an array of row numbers converted into index numbers otherwise in error values.

ROWS(E$8:E8) as ref2 results in row number and it’s an easy way to get row number as you apply the formula downward.

The number 15=function_num (i.e., SMALL), 6=options (i.e., ignore error values). You can choose function_num from 19 different functions and Options from 8 different options.

At last, AGGREGATE(15,6,ROW(B$5:B$13)/((B$5:B$13>=F$4)*(B$5:B$13<=F$5))-ROW(B$5)+1,ROWS(E$8:E8))) passes the n^th smallest index number of a row that satisfies the given criteria.

In case any error occurs, IFERROR(INDEX...),"") ignores all types of errors and transforms them into blanks.

➤ Drag the Fill Handle to fetch other matched prices within the criteria date range. And the IFERROR function results in blank cells if the formula encounters any errors.

Read More: VLOOKUP with Multiple Criteria Including Date Range in Excel (2 Ways)

Conclusion

In this article, we demonstrate multiple ways to INDEX MATCH multiple criteria date range. We use functions like INDEX, MATCH. XLOOKUP, and AGGREGATE to form formulas that index match entries that satisfy criteria. Hope these above-mentioned ways outs help you to deal with your situation. Comment if you have further inquiries or have anything to add.

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