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Performing complex calculations in Excel with results having multiple decimal places can clutter your data. Therefore, you seek ways to round to the nearest thousand in Excel for more concise data and increased accuracy. Here, Mytour shares methods for rounding to the nearest thousand in Excel for your reference.
1. Rounding Numbers using Number Formatting
Utilizing number formatting is a widely adopted method for rounding to the nearest thousand in Excel due to its speed and convenience.
You can quickly format the data cells for rounding to the nearest thousand by selecting one or more cells. Choose the Home → Number tab in the Number section. Then click the Increase Decimal icon until the number after the decimal point is 3, indicating rounding to the nearest thousand.
Alternatively, after selecting the data range to round, right-click on those cells and choose Format Cells.
In the Format Cells window, under the Category section, choose Number. In the Decimal places section, select the number 3
This way, you have rounded to the nearest thousand in Excel by formatting the number for the cell.
2. Rounding Using the ROUND Function
The ROUND function in Excel is used to round a number to a specific decimal place. Utilizing the ROUND function is the quickest and most accurate way to round to the nearest thousand in Excel.
Syntax:
|
=ROUND(number, num_digits) |
Where:
- number is a required argument, representing the number you want to round. number can be a number, reference, or a formula that returns a number.
- num_digits is the number of decimal places you want to round to. If num_digits is positive, the number will be rounded to the decimal place. If num_digits is negative, the number will be rounded to the nearest multiple of 10 to the power of num_digits. For example, if you want to round to the nearest thousand, num_digits will be the number 3.
Example: Rounding Numbers to the Nearest Thousand in Excel using the ROUND Function
Step 1: In the first cell of the Result column, enter the formula =ROUND(A4,3) and press Enter.
Where: A4 is the cell containing the number you want to round to the nearest thousand in Excel, 3 is the num_digits specifying rounding to the nearest thousand.
This way, the ROUND function swiftly rounds numbers to the nearest thousand.
Step 2: Simply copy the ROUND function formula down the rows, and you will promptly round a series of numbers to the nearest thousand in Excel.
In this article, Mytour shared with you two methods for rounding to the nearest thousand in Excel. We hope this article proves helpful to you when you're looking for ways to round to the nearest thousand in Excel. Thank you for your interest and for following this article.
