# Rounding up and often just rounding off (rounding up)

- Canonical URL: https://www.gerhardmerk.de/rounding-up-and-often-just-rounding-off-rounding-up
- Post ID: 590920
- Modified: 2023-07-25T21:14:25+00:00
- Language: en

## Definition

In the past, there were repeated disputes between banks and customers over the rounding up of (invoice) amounts. Today, the so-called half-adjust procedure has been introduced internationally. This is a method of rounding in which the digit of a number with the lowest significance determines whether or not a one is to be added to the digit with the next highest significance, or in which the two digits with the lowest significance determine whether or not a one is to be added to the digit with the next highest significance. If the digit with the lowest value is lower than one and a half, nothing is added to the digit with the next higher value. If the digit with the lowest value is one and a half or more, then one is added to the digit with the next higher value. Computer programs are nowadays adjusted to the half-adjust procedure worldwide. - With regard to euro coins, the decision as to whether small denomination coins should be withdrawn from circulation. First of all, the 1-cent and 2-cent coins are under scrutiny: people in the euro zone are supposed to have "difficulties" with these. - Cf. Deutsche Bundesbank Monthly Report of January 2013, p. 37 et seq. (survey on "difficulties"; advantages and disadvantages of rounding; EU Parliament's request to the Commission to introduce a rounding rule). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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