Please Note: This article is written for users of the following Microsoft Excel versions: 2007, 2010, and 2013. If you are using an earlier version (Excel 2003 or earlier), this tip may not work for you. For a version of this tip written specifically for earlier versions of Excel, click here: Rounding to the Nearest Half Dollar.

Rounding to the Nearest Half Dollar

by Allen Wyatt
(last updated May 24, 2014)

When working with financial data, one common need is to round amounts to some specific point. For instance, you may need to round amounts to the nearest half dollar. The traditional way to perform such a rounding task is to use the ROUND function, with a formula like this:

=ROUND(E27/0.5,0)*0.5

The formula divides the value in E27 by 0.5 (half a dollar), and then rounds it to zero decimal places. The value is then multiplied by 0.5 to get it back to the form you need. If you prefer to not multiply and divide by decimal amounts, you can accomplish the same task in this manner:

=ROUND(E27*2,0)/2

Perhaps an even better approach is to use the MROUND function. This function will round a value to any multiple you specify. In this case, if you want to round the value in E27 to the nearest half dollar, you would use this formula:

=MROUND(E27,0.5)

ExcelTips is your source for cost-effective Microsoft Excel training. This tip (9664) applies to Microsoft Excel 2007, 2010, and 2013. You can find a version of this tip for the older menu interface of Excel here: Rounding to the Nearest Half Dollar.

Author Bio

Allen Wyatt

With more than 50 non-fiction books and numerous magazine articles to his credit, Allen Wyatt is an internationally recognized author. He  is president of Sharon Parq Associates, a computer and publishing services company. ...

MORE FROM ALLEN

Inserting a Bullet

Need to place a bullet in the middle of a sentence? There are a couple of easy ways you can do this, as described in this ...

Discover More

Determining the Horizontal Position of the Insertion Point

Need to figure out how far the insertion point is from the left margin? You can do so by using this small macro that ...

Discover More

Getting the Proper Type of Ellipses

Type three periods in a row, and the AutoCorrect feature in Word kicks in to exchange that sequence for a special ...

Discover More

Excel Smarts for Beginners! Featuring the friendly and trusted For Dummies style, this popular guide shows beginners how to get up and running with Excel while also helping more experienced users get comfortable with the newest features. Check out Excel 2013 For Dummies today!

More ExcelTips (ribbon)

Avoiding Rounding Errors in Formula Results

Some formulas just don't give the results you expect. Sometimes this is due to the way that Excel handles rounding. ...

Discover More

Rounding in Results

Rounding is a fact of life when it comes to using formulas in a worksheet. Sometimes that rounding can be a bit ...

Discover More

Rounding Time

Need to round the time in a cell to a certain value? There are a couple of ways you can do this with a formula.

Discover More
Subscribe

FREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."

View most recent newsletter.

Comments

If you would like to add an image to your comment (not an avatar, but an image to help in making the point of your comment), include the characters [{fig}] in your comment text. You’ll be prompted to upload your image when you submit the comment. Maximum image size is 6Mpixels. Images larger than 600px wide or 1000px tall will be reduced. Up to three images may be included in a comment. All images are subject to review. Commenting privileges may be curtailed if inappropriate images are posted.

What is nine minus 4?

There are currently no comments for this tip. (Be the first to leave your comment—just use the simple form above!)


This Site

Got a version of Excel that uses the ribbon interface (Excel 2007 or later)? This site is for you! If you use an earlier version of Excel, visit our ExcelTips site focusing on the menu interface.

Newest Tips
Subscribe

FREE SERVICE: Get tips like this every week in ExcelTips, a free productivity newsletter. Enter your address and click "Subscribe."

(Your e-mail address is not shared with anyone, ever.)

View the most recent newsletter.