diff --git a/crates/functions/src/text.rs b/crates/functions/src/text.rs
index df125f022..fe2acc8ed 100644
--- a/crates/functions/src/text.rs
+++ b/crates/functions/src/text.rs
@@ -394,13 +394,20 @@ fn fixed(a: &[Arg], _c: &mut dyn Ctx) -> R<Value> {
     let (r, d) = rounded(a, 2.0)?;
     let no_commas = opt_bool(a, 2, false)?;
     let body = format_fixed(r, d, !no_commas);
+    if body.len() + if r < 0.0 { 1 } else { 0 } > 255 {
+        return Err(CellError::Value);
+    }
     text_val(if r < 0.0 { format!("-{body}") } else { body })
 }
 
 fn dollar(a: &[Arg], _c: &mut dyn Ctx) -> R<Value> {
     let (r, d) = rounded(a, 2.0)?;
     let body = format_fixed(r, d, true);
-    text_val(if r < 0.0 { format!("(${body})") } else { format!("${body}") })
+    let out = if r < 0.0 { format!("(${body})") } else { format!("${body}") };
+    if out.len() > 254 {
+        return Err(CellError::Value);
+    }
+    text_val(out)
 }
 
 // ---------------------------------------------------------------------------------------------
@@ -1241,6 +1248,26 @@ mod tests {
         is_text(ev("T", vec![n(1.0)]), "");
     }
 
+    #[test]
+    fn fixed_and_dollar_output_limits() {
+        assert!(matches!(ev("FIXED", vec![n(1e191), n(0.0)]), Value::Text(ref s) if s.len() == 255));
+        is_err(ev("FIXED", vec![n(1e192), n(0.0)]), CellError::Value);
+        assert!(matches!(ev("FIXED", vec![n(-1e253), n(0.0), b(true)]), Value::Text(ref s) if s.len() == 255));
+        is_err(ev("FIXED", vec![n(-1e254), n(0.0), b(true)]), CellError::Value);
+        assert!(matches!(ev("FIXED", vec![n(1e189), n(1.0)]), Value::Text(ref s) if s.len() == 255));
+        is_err(ev("FIXED", vec![n(1e190), n(1.0)]), CellError::Value);
+
+        assert!(matches!(ev("DOLLAR", vec![n(1e189), n(0.0)]), Value::Text(ref s) if s.len() == 254));
+        is_err(ev("DOLLAR", vec![n(1e190), n(0.0)]), CellError::Value);
+        assert!(matches!(ev("DOLLAR", vec![n(-1e188), n(0.0)]), Value::Text(ref s) if s.len() == 254));
+        is_err(ev("DOLLAR", vec![n(-1e189), n(0.0)]), CellError::Value);
+        assert!(matches!(ev("DOLLAR", vec![n(1e187), n(2.0)]), Value::Text(ref s) if s.len() == 254));
+        is_err(ev("DOLLAR", vec![n(1e188), n(2.0)]), CellError::Value);
+        is_err(ev("DOLLAR", vec![n(-1e187), n(2.0)]), CellError::Value);
+        assert!(matches!(ev("DOLLAR", vec![n(1e189), n(-1.0)]), Value::Text(ref s) if s.len() == 254));
+        is_err(ev("DOLLAR", vec![n(1e190), n(-1.0)]), CellError::Value);
+    }
+
     #[test]
     fn before_after() {
         is_text(ev("TEXTBEFORE", vec![t("Red riding hood"), t(" ")]), "Red");
diff --git a/docs/function-parity.md b/docs/function-parity.md
index bf57fcd3e..e0d9a6b53 100644
--- a/docs/function-parity.md
+++ b/docs/function-parity.md
@@ -1,6 +1,6 @@
 # Function parity: worksheet functions and formulas
 
-> **Last reviewed:** 2026-10-15 · **Last updated:** 2026-10-25 · **Change:** minor (the LAMBDA row lists the recursion limit and its `#NUM!`, and the error a defined name holding an error gives when called; earlier: number text with accounting parentheses coerces like Excel 365; INDEX with one index on a 2-D reference is #REF! as in Excel; earlier: SUBTOTAL and AGGREGATE cap the cells they visit, #2175) · **Target:** Microsoft Excel (Microsoft 365), Excel for Mac 16.113.4
+> **Last reviewed:** 2026-10-31 · **Last updated:** 2026-10-31 · **Change:** minor (FIXED refuses results over 255 characters and DOLLAR refuses results over 254, matching the signed, decimal and separator boundary checks in Windows Excel 16.0 build 20527, LCID 1033) · **Target:** Microsoft Excel (Microsoft 365), Excel for Mac 16.113.4
 
 Excel's worksheet functions, category by category, against GridCraft's function library. Part of
 [target-app-parity.md](target-app-parity.md); gaps feed [gaps.md](gaps.md).
@@ -123,6 +123,7 @@ workbooks; results checked in as data, not Excel files) and fixing what it finds
 
 | Date | Change | Summary |
 |---|---|---|
+| 2026-10-31 | minor | FIXED accepts output through 255 characters; DOLLAR accepts output through 254. Windows Excel 16.0 build 20527 (LCID 1033) confirmed the distinct cutoffs with grouped and ungrouped values, signs, currency layout and decimal places |
 | 2026-10-25 | minor | LAMBDA row: a LAMBDA that calls itself more than 140 times, and a formula nested past the depth limit, give `#NUM!` (#1809; nesting gave `#CALC!` before). `=Foo(1)` where the defined name Foo holds `#N/A` gives `#N/A`, not `#NAME?` |
 | 2026-10-23 | minor | Number text coercion (VALUE, arithmetic, typed entry): a dollar sign before accounting parentheses (`$(1,234)`, `$ (5)`) and a percent sign after them (`(5)%`) read as negatives; `(-5)`, `((5))`, `($-5)`, `$5%`, `$(5)%` and dates or times in parentheses are `#VALUE!`, as observed in Excel 365 |
 | 2026-10-23 | minor | INDEX with only a row index on a reference of several rows and columns (`INDEX(A1:C3,2)`, `INDEX(A1:C3,0)`) is `#REF!`, as observed in Excel, so it also fails as a range endpoint and inside other functions; an empty column argument (`INDEX(A1:C3,2,)`) still gives the row. Checked that a column array with one index stays a 1×1 array (`TYPE` 64), which is what Excel returns |