Excel DISPLAY FIND AND REPLACE, REPLACE SELECTED Keyboard Shortcut

Using the Display Find and Replace, Replace Selected Shortcut

Windows keyboard shortcut

 
Mac keyboard shortcut

This Excel shortcut displays the find dialog box with replace option selected. If you are using a Mac the replace dialog will be displayed, but will not be selected as on a Windows.
Discover 242 Excel Keyboard Shortcuts for Windows and Mac
Other useful General keyboard shortcuts
Open Options
Find Next Match
Display Find and Replace
Copy Selected Cells
Repeat Last Action