CODE

Sub ReplaceHyperlinks()
Dim xWs As Worksheet
Dim xWss As Sheets
Dim xHyperlink As Hyperlink
Dim xOld As String, xNew As String

Set Ws = Application.ActiveSheet
xOld = Range("PriorFolder")
xNew = Range("CurrentFolder")
Application.ScreenUpdating = False
Set xWss = Application.ActiveWorkbook.Worksheets
For Each xWs In xWss
For Each xHyperlink In xWs.Hyperlinks
xHyperlink.Address = Replace(xHyperlink.Address, xOld, xNew)
Next
Next xWs
Application.ScreenUpdating = True
										
End Sub