Please Note: This article is written for users of the following Microsoft Excel versions: 2007, 2010, 2013, and 2016. 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 $50.

Rounding to the Nearest $50

by Allen Wyatt
(last updated September 30, 2017)

2

It is often necessary when creating financial reports to round figures to some value other than the nearest dollar. One common rounding point is to the nearest fifty dollars. If you need to round figures in this manner, then there are a number of formulas you can use to do the rounding.

The first approach is to use the MROUND function. This function allows you to round to any value you want, and has been covered in other ExcelTips. Basically, you would use the function as follows if the value you want to round is in cell B7:

=MROUND(B7,50)

The MROUND function only works with positive values, so if there is a chance you'll be using negative values, then you can't use MROUND. In these instances, you can resort to the regular ROUND function. Either of the following variations will produce the exact same results:

=ROUND(F5/50,0)*50
=ROUND(F5*2,-2)/2

ExcelTips is your source for cost-effective Microsoft Excel training. This tip (12439) applies to Microsoft Excel 2007, 2010, 2013, and 2016. You can find a version of this tip for the older menu interface of Excel here: Rounding to the Nearest $50.

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

Adjusting Chart Size

If you don't have Excel installed on your system, Microsoft Graph is a handy way to create simple charts for your ...

Discover More

Aligning Cells when Importing from CSV

When you import information from a CSV text file, Excel formats the data according to its default settings. Wouldn't it ...

Discover More

Conditionally Adding a Period in a Mail Merge

When merging data into a Word document, you may want to add information to the document based on an evaluation of what is ...

Discover More

Create Custom Apps with VBA! Discover how to extend the capabilities of Office 2013 (Word, Excel, PowerPoint, Outlook, and Access) with VBA programming, using it for writing macros, automating Office applications, and creating custom applications. Check out Mastering VBA for Office 2013 today!

More ExcelTips (ribbon)

Rounding Up to the Next Half

When processing data it is not unusual to need to round that data in some way. For instance, you may need to round a ...

Discover More

Rounding Numbers

The primary method of rounding values is to use the ROUND function in your formulas. Here's an introduction to this ...

Discover More

Rounding to Two Significant Digits

Excel provides a variety of functions you can use to round values in any number of ways. It does not, however, provide a ...

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 2 + 9?

2017-10-03 13:43:45

Brian Canes

MROUND works when the signs of both arguments are the same.
So
=MROUND($B5,50*SIGN($B5))
will round positive or\and negative numbers to the nearest 50,
Note that this doesn't round to wards zero. So -12345 gets to -12350 and not -12300,
Regards
Brian


2017-10-02 06:40:04

Henk

Could you explain the second ROUND formula please?


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.