Microsoft Excel for Mac 2011 (been using it for 5 years without a problem), version 14.7.7. Mac OS is High Sierra version 10.13.6. Word has the same problem but Powerpoint works normally.
And that is likely the problem. Office 2011 is not fully compatible with High Sierra. While many users aren't seeing major problems, others find it to be almost completely unusable under HS, and other varying results in between.
MS halted all future development for Office 2011 in October of 2017. High Sierra has gotten a fair number of OS updates since then. The more there are, the more the chance a stagnant app will start glitching. On top of that, Office 2011 was never fully updated for High Sierra. MS released an Office 2011 patch for High Sierra's early days that was basically the bare minimum to allow it to work, but none since.
Time to leave what is now almost 8 year old software behind. Either that, or use it on an older Mac, or the Mac you have with an older OS on another partition.
Office 2016 is the current perpetual license of Office. But, Office 2019 is due to be released later this year. MS doesn't have upgrade pricing for Office, so there's no sense purchasing Office 2016 only to spend the full price on Office 2019 in two or three months.