Sometimes it is often required to round numbers to its nearest hundreds or thousands. In this article, we will see how Excel round to nearest 1000. There are many formulas for doing that. Besides using different formulas, we will also see how Custom number formatting can be used to round numbers to its nearest 1000.

Table of Contents

- Round to Nearest 1000 using the ROUND Function
- Excel Roundup to Nearest 1000
- Excel Round Down to Nearest 1000
- Excel Round to Nearest 1000 using the MROUND function
- Round Down Numbers to Nearest 1000 using the FLOOR Function
- Excel Roundup to Nearest 1000 Using Ceiling Function
- Rounding a Number to its Nearest 1000 Using Custom Number Formatting
- Rounding to the Nearest Thousand Worksheet
- Conclusion
- Related Articles

## Round to Nearest 1000 using the ROUND Function

The best way to round numbers is to use the Round function. The syntax of the Round function is,

**=ROUND( number, num_digits). **

Here the argument **number** is the desired number which you want to round and **num_digit** is the number to which the desired number should be rounded up/down. If **num_digits** is greater than zero than the desired number will be rounded up to a specific number of decimal places counting from the right side of the decimal point. Similarly, if the **num_digits** is less than zero than the desired number will be rounded down. If **num_digits=0** than the number will be rounded up to its nearest integer number.

Let`s insert some numbers in the worksheet to see how this **ROUND** function works. The number can be rounded up or rounded down depending on the value of the number. We will see two formulas with the **ROUND** function which will give us the same result.

The formulas that we will be using are,

**=ROUND (Cell, -3)****=ROUND(Cell/1000,0)*1000**

From the above picture, it can be seen that with two different formulas give the same rounding result for the same number. Here we are working to round the number to its nearest 1000. For each of the numbers when the hundred place digit is greater or equal to number 5 the formula will round up the result. If the hundred place digit is less than 5 than the formula will round down the number.

## Excel Roundup to Nearest 1000

To round up any number to its nearest 1000 you can use the ROUNDUP function where the **num_digit** should be set as **-3**. So, the formula in this will be, **=ROUNDUP (Cell, -3)**.

## Excel Round Down to Nearest 1000

For rounding down a number to its nearest 1000 you need to use the ROUNDDOWN function. The argument, **num_digit** should be set as **-3** again. So, the formula becomes, **=ROUNDDOWN (Cell, -3)**.

## Excel Round to Nearest 1000 using the MROUND function

Another useful function that can be used to round number is the MROUND function. The syntax of the MROUND function is **=MROUND (number, multiple)**. Here the number is the desired number which is rounded up/down. The multiple arguments are used here to round up or down the number to the nearest multiple of this value.

In the above picture, we can see, the 2^{nd} argument is set to 1000. So, any number will be rounded up/down to the nearest multiple of this value.

## Round Down Numbers to Nearest 1000 using the FLOOR Function

The **FLOOR **Function can be used to round down a number. Here we will round down different numbers to its nearest 1000. We will use different positive and negative numbers to see how the formula works.

From the above formula we can see that when we use a negative number in the 2^{nd} argument which is the multiple to which you want to round, the 1^{st} argument needs to be negative too. Otherwise, it will give a **#NUM** error.

**Note:**While rounding down a number to its nearest 1000 using the

**FLOOR**function, the

**hundred**place digit in a number doesn’t play any role like it does in the ROUND function.

## Excel Roundup to Nearest 1000 Using Ceiling Function

While the FLOOR function rounds down a number the ceiling function is used to round up a number. We can round up a number to its nearest 1000 using the CEILING function.

Just like the **FLOOR** function. In the **CEILING** function when you use a negative number in the 2^{nd} argument your first argument should also be negative otherwise it will give us a **#NUM** error.

**Note:**While rounding up a number to its nearest 1000 using the

**CEILING**function, the hundred place digit in a number doesn’t play any role like it does in the ROUND function.

## Rounding a Number to its Nearest 1000 Using Custom Number Formatting

By using the custom number formatting, we can round up/down a number to its nearest 1000 value. Suppose you want to round the number **8490** to its nearest 1000. The nearest 1000 of 8490 is **8000**. Using the custom number format, we can write this rounded number as **8k**. The nearest thousand number of –**8590** is **-9000 **which can be written as **9K** using the custom number formatting. For doing this custom number formatting follow the steps below.

- First, select the cells where you want to apply the formatting. Here we select the cells
**B2: B7.** - Now after selecting them click the right button of the mouse to select the format cells option.

- In the format cells dialogue box select
**Custom**, and in the**Type**section write**#,##0**, K and press**OK**.

- After doing this you will get to see the below result in your worksheet.

## Rounding to the Nearest Thousand Worksheet

Rounding to the Nearest Thousand in Excel

## Conclusion

In this article, we saw different processes of rounding a number to its nearest 1000. We saw different formulas along with custom number formatting. Among all the Formulas, we can say using the ROUND or MROUND function is a good choice for rounding the number to its nearest thousands as we can both round up and round down the numbers with this single formula.

Hope you will like this article. Stay tuned for more useful articles and don’t forget to comment below if you face any difficulties.

## Related Articles

- How to Use Excel ROUND, ROUNDUP, ROUNDDOWN, MROUND & CEILING Functions
- How to Round Numbers in Excel Without Formula (3 smart ways)