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For example,

In any text editor:

Command+right arrow will put your cursor to the Right of the line
Command+left arrow will move your cursor to the Left of the line

Is there an equivalent keybord shortcut for this in Excel for Mac?

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You didn't say what version of Excel you're using however see the Moving and scrolling in a sheet or workbook section of Keyboard shortcuts in Excel 2016 for Mac.

Moving and scrolling in a sheet or workbook

  • its Office For Mac 2011...updated above too – Tim Boland Feb 5 '16 at 19:08
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FN + Left Arrow
FN + Right Arrow

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