Can´t use power symbol in Excel 2011 Mac

I have Microsoft Office 2011 installed in my Mountain Lion.
the problem is that while using Excel it does not recognize the key ˆ (hat) to calculate.
The unusual solution is to use the power function, but the ˆ typing should work correctly.
I think that reamapping keys in System Preferences/Language and text/Change symbols and text should work.
The problem is I do not know how to insert the ASCII symbol to change the keytype ˆ to this ASCII or unicode symbol.
Can anyone help me with this problem?
Tks!

I solved the problem.
I used Excel Autocorrect to change the circunflex symbol by the hat symbol.
Just copy the hat symbol from Word typing circunflex and adding space will change the character to hat symbol, then go back to Excel and paste the hat symbol to the modified character.
Simple as that, now my Excel can calculate 2ˆ3=8 now.

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