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. ...

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What is nine minus 2?

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?


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