There is an Excel function called HYPERLINK. It allows you to create a hyperlink using a formula. By using this, you can create a hyperlink based on a "series". If you use the HYPERLINK function in combination with the ADDRESS function, you can create a hyperlink that can be "copied down" to automatically shift its cell reference.
In Excel, hyperlinks that link to a cell reference are internally stored with a # sign as a prefix. For example, a hyperlink that will take you to cell A5 on Sheet2 would look like this:
#Sheet2!A5
You can take advantage of this to create a formula that is automatically shifted when it is copied, as follows:
=HYPERLINK("#"&ADDRESS(5,1,4,1,"Sheet2"))
This creates a hyperlink to a pound sign, followed by the reference returned by the ADDRESS function. Using the ADDRESS function gives you the advantage of being able to have the formula 'shift' itself when copied into a different location. However, in order to take advantage of this, you must use the ROW or COLUMN functions to specify a relative cell address in the formula. This is because the 'fixed' numbers given in the regular ADDRESS formula will not 'shift' when copied, because they are not cell references. Here is an example:
=HYPERLINK("#"&ADDRESS(ROW(J5),1,4,1,"Sheet2"))
This formula gives the same result as the one above, but it will automatically shift if it is copied downward, because of the relative reference to J5 that it contains (ROW(J5) returns 5 because the cell J5 is located in row 5). If you wanted to have it shift to the right and left as well as up and down, you could replace the second argument of the ADDRESS function (1) with COLUMN(A10).
Here is an example spreadsheet. Try copying the formula and pasting it down column A.
https://dl.dropbox.com/u/3488338/Hyperlink.xlsx