Explanation

TheMROUND functionrounds a number to the nearest given multiple.

The multiple to use for rounding is provided as thesignificanceargument.

If the number is already an exact multiple, no rounding occurs and the original number is returned.

Excel formula: Round a number up to nearest multiple

The result in D5 is $65.00, since 65 is the nearest multiple of 5 to 63.39.

In the following rows of the table, the same number is rounded using different multiples.

Note that MROUND always rounds to the nearest value using the specified multiple.

Excel formula: Round a number down to nearest multiple

If you oughta round either up or down using a multiple, use theCEILINGorFLOORfunctions.

MROUND will round a number up or down, depending on the nearest multiple.

Excel MROUND function