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Round a number to nearest multiple in Excel

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This tutorials shows how to Round a number to nearest multiple in Excel.

If you need to round a number to the nearest specified multiple (i.e. round a number to the nearest dollar, nearest $.25, nearest multiple of 5 or 10, etc) you can use the MROUND function.

Worked Example:   Round time to nearest 15 minutes in Excel

Formula

=MROUND(number,multiple)

Explanation

In the example, the formula in cell D6 is

=MROUND(B6,C6)

This tells Excel to take the value in B6 ($63.39 ) and round it to the nearest multiple of the value in C6 (5). The result is $65.00, since 65 is the nearest multiple of 5 to 63.39.

Worked Example:   Round a number up to next half in Excel

You can use MROUND to round prices, times, instrument readings or any other numeric value.

Worked Example:   Round a number up to nearest multiple in Excel

Note that MROUND always rounds to the nearest value using the specified multiple. If you need to round either up or down using a multiple, use the CEILING or FLOOR functions.

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