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

Written by Allen Wyatt (last updated April 15, 2023)
This tip applies to Excel 97, 2000, 2002, and 2003


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

Documenting Changes in VBA Code

Your company may be regulated by requirements that it document any changes to the macros in an Excel worksheet. Your ...

Discover More

Viewing Comments From a Specific Reviewer

If you have multiple editors (or authors) working on the same document, and each of them is adding comments, you may want ...

Discover More

Inserting a Non-Breaking Space

In Word a non-breaking space will help you keep two words together on the same line. Here's two different ways that you ...

Discover More

Best-Selling VBA Tutorial for Beginners Take your Excel knowledge to the next level. With a little background in VBA programming, you can go well beyond basic spreadsheets and functions. Use macros to reduce errors, save time, and integrate with other Microsoft applications. Fully updated for the latest version of Office 365. Check out Microsoft 365 Excel VBA Programming For Dummies today!

More ExcelTips (menu)

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

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 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
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}] (all 7 characters, in the sequence shown) 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 9 + 7?

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 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.

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.