Match values in data frame with values in another data frame and replace former with a corresponding pattern from the other data frame

You could try:

merge(d,m, by.x="v2", by.y="v3")
  v2 v1 v4
1  A  1  a
2  A  7  a
3  B  4  b
4  B  5  b
5  C  3  c
6  C  6  c
7  E  2  e
8  E  8  e

Edit

Here is another approach, to preserve the order:

data.frame(v1=d$v1, v4=m[match(d$v2, m$v3), 2])
  v1 v4
1  1  a
2  2  e
3  3  c
4  4  b
5  5  b
6  6  c
7  7  a
8  8  e

You could use a standard left join.

Loading the data:

d <- data.frame(v1 = c(1,2,3,4,5,6,7,8), v2 = c("A","E","C","B","B","C","A","E"), stringsAsFactors=F)
m <- data.frame(v3 = c("D","E","A","C","D","B"), v4 = c("d","e","a","c","d","b"), stringsAsFactors=F)

Changing column name, such that I can join by column "v2"

colnames(m) <- c("v2", "v4")

Left joining and maintaining the order of data.frame d

library(dplyr)
left_join(d, m)

Output:

  v1 v2 v4
1  1  A  a
2  2  E  e
3  3  C  c
4  4  B  b
5  5  B  b
6  6  C  c
7  7  A  a
8  8  E  e

This will give you the desired output:

d$v2 <- m$v4[match(d$v2, m$v3)]

match function returns the position from m matrix's v3 column for the values in d$v2 being matched. Once you have obtained the indices (from using match()), access elements from m$v4 using those indices to replace the elements in d matrix, column v2.