Rounding rules

Rounding rules are applicable in both cases (when using the central rate and when using the conversion rates). After conversion, the euro amounts will be rounded up or down to the nearest cent. If the result of conversion is an amount, which is precisely in the middle it will be rounded up.

• if the number of the third decimal place is less than 5, then the euro figure must be rounded down (e.g. 24.784 EUR becomes 24.78 EUR);
• if the number of the third decimal place is five or above, then the euro figure must be rounded up (e.g. 24.785 EUR becomes 24.79 EUR).

Example of rounding after conversion into euros at the central rate

Example 1:
500 SIT = 500 : 239.640 = 2.0864... → 2,09 EUR
(the third decimal place is five or more, the euro figure is rounded up)

Example 2:
1.000 SIT = 1.000 : 239.640 = 4.1729... → 4.17 EUR
(the third decimal place is less than five, the euro figure is rounded down).