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unless i misinterpret this text it says that Swedish Rounding has not been used in Sweden since 1985.
this is wrong, since such a system is still in use. values are rounded to the closest .50 SEK. 213.65.197.147 13:38, 22 July 2007 (UTC)
Why is there a section for "10c intervals"? Isn't it just "normal rounding"? -- ChoChoPK (球球PK) ( talk | contrib) 10:04, 27 September 2007 (UTC)
Do people actually flip a coin for values ending in 5 with the 10c rule? Nik42 07:37, 14 October 2007 (UTC)
I live in New Zealand and I have never seen or heard of a 'coin flip' for deciding to round up or down on the 5 cent mark. This is not practiced, and as far as I am aware the rounding is usually in favour of the customer - ie. down to the nearest 10 cent. --Torrance 118.92.90.159 ( talk) 05:32, 27 June 2008 (UTC)
in cases where small coins are eliminated, have there also been cases where this also applies to amounts of money on bank accounts? This would only be logical. The statement If payment is being tendered using credit card, debit card, EFTPOS or cheque no rounding is necessary. should not always be correct, as bank accounts also have a lowest amount of balance, and prices could still have to be rounded, where they are like 1.139 € per litre or so. -- androl ( talk) 14:39, 9 February 2009 (UTC)
Item | Number of units | Old unit price (= Swedish rounding unit price) |
Old item price (= Swedish rounding item price) |
New unit price (withdrawal method) | New item price (withdrawal method) |
---|---|---|---|---|---|
Loaf of bread | 2 | 46c | 92c | 45c [rounded from 46c] | 90c |
Sugar | 1.45kg | 34c/kg | 49c [rounded from 49.3c] | 35c/kg [rounded from 34c] | 50c [rounded from 50.75c] |
Petrol | 4.27 l | 78.9c/l | $3.37 [rounded from $3.36903] | 78.9c/l [unrounded] | $3.35 [rounded from $3.36903] |
EFTPOS total | — | — | $4.78 | — | $4.75 |
Cash total | — | — | $4.78 [old money] $4.80 [Swedish rounding] |
— | $4.75 |
Rounding to the nearest 5 drachmas was also used for a while in Greece (certainly ca. 1995–1996), since 1 and 2 drachma coins were practically not circulating. I don't have exact dates, though.
It's less relevant now that they have introduced the euro, so drachmas don't matter anyway. -- pne (talk) 10:21, 15 June 2010 (UTC)
Several countries have countries that are worth almost nothing in small demoninations, and they similarly must round prices. I have added the example of Chile, but I know this is also true in Paraguay, and probably dozens of other countries. Do we think this is an appropriate addition? Why? Zavtrakat ( talk) 14:58, 27 December 2010 (UTC)
This article only mentions cases where it is mandated by law. It does not include cases where the store chooses to use rounding to simplify change. I have seen this in the US in a couple stores. Of course, they always round up and keep the difference. Bostoner ( talk) 21:25, 4 September 2011 (UTC)
I wish this article gave some idea of the value of the currencies stated, so readers can tell how much the difference is in actual value. Preferably this should be given in US dollars and Euros, for example, in country X, they round by 10c (3¢/2c). Of course, the relative values of currencies are constantly changes, so maybe it's 10c (2008: 2c/3c). Bostoner ( talk) 21:25, 4 September 2011 (UTC)
More references are needed. Besides ref. number 1 does not work anymore. — Preceding unsigned comment added by 188.67.60.11 ( talk) 13:04, 22 March 2013 (UTC)
Man comes out 89 cents richer after a year of penny-rounding
The result of the move request was: page moved. Angry Bald English Villian Man ( talk) 11:03, 23 October 2015 (UTC)
Swedish rounding →
Cash rounding – While "Swedish rounding" does appear to have some use in Australia and New Zealand, it is incomprehensible in e.g. Canada and Ireland, which have similar schemes. "Cash rounding" is not as canonical in Canada and Ireland as "Swedish rounding" is in Australia and New Zealand, but is makes up for that by being more easily comprehensible.
jnestorius(
talk)
11:33, 20 October 2015 (UTC)
I don't know how this article started out, but it has become a general article about cash rounding. Many countries have this and many are mentioned on the page. So I have removed the template at the bottom with a detailed table of New Zealand coins; there is nothing special about New Zealand here. That template is still viewable in the article Coins of the New Zealand dollar, where it makes sense.
In fact, so many countries have cash rounding that this article needs to be restructured. It should be a description of how cash rounding works in general, with one or perhaps two worked out examples in a specific currency, then a list of links to the articles for specific currencies that have cash rounding without any details here. StormWillLaugh ( talk) 12:07, 4 September 2016 (UTC)
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The organization of sections is kind of weird. First, there is "0.05 or 5", then 0.1, then 0.5, then 1.0. But Vietnam with 500 dong is placed under the first category! Would anyone protest if I just reorganize them to 0.05, 0.1, 0.5, 1, 5, 10, and so on? -- ChoChoPK (球球PK) ( talk | contrib) 06:19, 30 March 2017 (UTC)
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unless i misinterpret this text it says that Swedish Rounding has not been used in Sweden since 1985.
this is wrong, since such a system is still in use. values are rounded to the closest .50 SEK. 213.65.197.147 13:38, 22 July 2007 (UTC)
Why is there a section for "10c intervals"? Isn't it just "normal rounding"? -- ChoChoPK (球球PK) ( talk | contrib) 10:04, 27 September 2007 (UTC)
Do people actually flip a coin for values ending in 5 with the 10c rule? Nik42 07:37, 14 October 2007 (UTC)
I live in New Zealand and I have never seen or heard of a 'coin flip' for deciding to round up or down on the 5 cent mark. This is not practiced, and as far as I am aware the rounding is usually in favour of the customer - ie. down to the nearest 10 cent. --Torrance 118.92.90.159 ( talk) 05:32, 27 June 2008 (UTC)
in cases where small coins are eliminated, have there also been cases where this also applies to amounts of money on bank accounts? This would only be logical. The statement If payment is being tendered using credit card, debit card, EFTPOS or cheque no rounding is necessary. should not always be correct, as bank accounts also have a lowest amount of balance, and prices could still have to be rounded, where they are like 1.139 € per litre or so. -- androl ( talk) 14:39, 9 February 2009 (UTC)
Item | Number of units | Old unit price (= Swedish rounding unit price) |
Old item price (= Swedish rounding item price) |
New unit price (withdrawal method) | New item price (withdrawal method) |
---|---|---|---|---|---|
Loaf of bread | 2 | 46c | 92c | 45c [rounded from 46c] | 90c |
Sugar | 1.45kg | 34c/kg | 49c [rounded from 49.3c] | 35c/kg [rounded from 34c] | 50c [rounded from 50.75c] |
Petrol | 4.27 l | 78.9c/l | $3.37 [rounded from $3.36903] | 78.9c/l [unrounded] | $3.35 [rounded from $3.36903] |
EFTPOS total | — | — | $4.78 | — | $4.75 |
Cash total | — | — | $4.78 [old money] $4.80 [Swedish rounding] |
— | $4.75 |
Rounding to the nearest 5 drachmas was also used for a while in Greece (certainly ca. 1995–1996), since 1 and 2 drachma coins were practically not circulating. I don't have exact dates, though.
It's less relevant now that they have introduced the euro, so drachmas don't matter anyway. -- pne (talk) 10:21, 15 June 2010 (UTC)
Several countries have countries that are worth almost nothing in small demoninations, and they similarly must round prices. I have added the example of Chile, but I know this is also true in Paraguay, and probably dozens of other countries. Do we think this is an appropriate addition? Why? Zavtrakat ( talk) 14:58, 27 December 2010 (UTC)
This article only mentions cases where it is mandated by law. It does not include cases where the store chooses to use rounding to simplify change. I have seen this in the US in a couple stores. Of course, they always round up and keep the difference. Bostoner ( talk) 21:25, 4 September 2011 (UTC)
I wish this article gave some idea of the value of the currencies stated, so readers can tell how much the difference is in actual value. Preferably this should be given in US dollars and Euros, for example, in country X, they round by 10c (3¢/2c). Of course, the relative values of currencies are constantly changes, so maybe it's 10c (2008: 2c/3c). Bostoner ( talk) 21:25, 4 September 2011 (UTC)
More references are needed. Besides ref. number 1 does not work anymore. — Preceding unsigned comment added by 188.67.60.11 ( talk) 13:04, 22 March 2013 (UTC)
Man comes out 89 cents richer after a year of penny-rounding
The result of the move request was: page moved. Angry Bald English Villian Man ( talk) 11:03, 23 October 2015 (UTC)
Swedish rounding →
Cash rounding – While "Swedish rounding" does appear to have some use in Australia and New Zealand, it is incomprehensible in e.g. Canada and Ireland, which have similar schemes. "Cash rounding" is not as canonical in Canada and Ireland as "Swedish rounding" is in Australia and New Zealand, but is makes up for that by being more easily comprehensible.
jnestorius(
talk)
11:33, 20 October 2015 (UTC)
I don't know how this article started out, but it has become a general article about cash rounding. Many countries have this and many are mentioned on the page. So I have removed the template at the bottom with a detailed table of New Zealand coins; there is nothing special about New Zealand here. That template is still viewable in the article Coins of the New Zealand dollar, where it makes sense.
In fact, so many countries have cash rounding that this article needs to be restructured. It should be a description of how cash rounding works in general, with one or perhaps two worked out examples in a specific currency, then a list of links to the articles for specific currencies that have cash rounding without any details here. StormWillLaugh ( talk) 12:07, 4 September 2016 (UTC)
Hello fellow Wikipedians,
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The organization of sections is kind of weird. First, there is "0.05 or 5", then 0.1, then 0.5, then 1.0. But Vietnam with 500 dong is placed under the first category! Would anyone protest if I just reorganize them to 0.05, 0.1, 0.5, 1, 5, 10, and so on? -- ChoChoPK (球球PK) ( talk | contrib) 06:19, 30 March 2017 (UTC)
Hello fellow Wikipedians,
I have just modified 3 external links on Cash rounding. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:
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Cheers.— InternetArchiveBot ( Report bug) 07:37, 25 May 2017 (UTC)