Please Note: This article is written for users of the following Microsoft Excel versions: 97, 2000, 2002, and 2003. If you are using a later version (Excel 2007 or later), this tip may not work for you. For a version of this tip written specifically for later versions of Excel, click here: Rounding to the Nearest Half Dollar.

# Rounding to the Nearest Half Dollar

by Allen Wyatt
(last updated April 19, 2021)

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)
```

The MROUND function is part of the Analysis ToolPak. If the function doesn't work for you, you'll need to make sure it is available by choosing Tools | Add-Ins.

ExcelTips is your source for cost-effective Microsoft Excel training. This tip (2620) applies to Microsoft Excel 97, 2000, 2002, and 2003. You can find a version of this tip for the ribbon interface of Excel (Excel 2007 and later) 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

Pulling Apart Cells

Separating text values in one cell into a group of other cells is a common need when dealing with text. Excel provides a ...

Discover More

Easily Spotting Found Text

The color used by Word to draw your attention to "found text" when using Find and Replace can vary, based on a number of ...

Discover More

Want to pull text from a bunch of paragraphs and stuff that text into comments? It's easy to do using the macro presented ...

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!

Rounding To the Nearest Even Integer

Do you need your numbers to be rounded to an even integer value? How you accomplish the task depends on the nature of the ...

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

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
##### Subscribe

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

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. Youâ€™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 one less than 7?

2017-03-01 19:21:46

Jay

On top of MROUND rounding to the nearest nth value, you can also specify rounding up or down using FLOOR and CEILING.

See example: http://excelexplained.net/Formulas/how-to-round-up-or-down-to-the-nearest-specified-amount.html

##### This Site

Got a version of Excel that uses the menu interface (Excel 97, Excel 2000, Excel 2002, or Excel 2003)? This site is for you! If you use a later version of Excel, visit our ExcelTips site focusing on the ribbon interface.