In Microsoft Excel, if you wish to add a hyperlink, i.e., a URL, to text in a cell, you can click on Insert and select Hyperlink. For a spreadsheet in Google Docs, the process is to click in the cell where you want the hyperlinked text to appear and then use a formula similar to the one below:
=hyperlink("example.com/link.html"; "Example page")
You start the formula with =hyperlink
then within
parentheses put the URL with or without the "http://", then a
semicolon and then within parentheses the text you wish to have
displayed for the hyperlink.
One thing to note, if you hover your cursor over the hyperlink,
you will see that google prepends a www.google.com/url?q=
at the beginning of the hyperlink you provided and additional parameters
at the end such as &usd=x&usg=xxxxxx
.
If you wish to remove the hyperlink, right-click on the cell and choose Remove hyperlinks. If you wish to restore the hyperlink, right-click on the cell and choose Show hyperlinks.