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How to round to nearest .01 and round down if thousands place is .005

  1. #1
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    How to round to nearest .01 and round down if thousands place is .005

    I need some help with rounding to the nearest .01 if for example a calculation equals 1.005 I want it to round to 1.00 not 1.01.

    By default Round(x,2) rounds 1.005 to 1.01 but I need it to round down to 1.00 if the thousands place is 5.

    Any help would be much appreciated.

  2. #2
    Forum Expert Olly's Avatar
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    Re: How to round to nearest .01 and round down if thousands place is .005

    Try:
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    Re: How to round to nearest .01 and round down if thousands place is .005

    Nope does not work, its still rounding up when the 000 place is 5.

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    Forum Expert daddylonglegs's Avatar
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    Re: How to round to nearest .01 and round down if thousands place is .005

    Try this formula

    =CEILING(A1-0.005,0.01)
    Audere est facere

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    Re: How to round to nearest .01 and round down if thousands place is .005

    Bingo! Thank you.

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    Administrator FDibbins's Avatar
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    Re: How to round to nearest .01 and round down if thousands place is .005

    It worked for me?

    A1=1.005
    B1=MROUND(A1*100,1)/100
    B1=1
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