iata rounding
DESCRIPTION
Understanding rounding (IATA)TRANSCRIPT
ROUNDING
REMEMBER AFTER CONVERTING TO LOCAL CURRENCY ALWAYS ROUND UP (EXCEPT FOR USD AND MALTESE LIRE)
THIS IS BECAUSE NUC’S ARE BASED ON USD AND WHEN WE ARE CONVERTING TO A DIFFERENRT CURRENCY WE ARE TAKING INTO
CONSIDERATION THE RISE AND FALL’S OF THE DOLLAR AGAINST OTHER CURRENCIES
• IF YOU ARE ROUDING UP TO 10 THERE WILL ALWAYS BE A 0 AT THE END OF YOUR FIGURE
• IF YOU ARE ROUDING UP TO 100 THERE WILL ALWAYS BE A 00 AT THE END OF YOUR FIGURE
• IF YOU ARE ROUDING UP TO 1000 THERE WILL ALWAYS BE A 000 AT THE END OF YOUR FIGURE
• For ticketing purposes all NUC calculations shall be carried out to two decimals, decimals beyond two shall be disregarded.
• IF FOR EXAMPLE THE FINAL NUC CALCULATION IS:
• 12345 . 5678• WE ONLY LOOK AT 2 DECIMALS AFTER THE POINT
• 12345 . 5678
LETS LOOK AT YOUR ROE PAGETAX ONLYMultiply NUC fare rate/
charge by the followingrate of exchange:
And round up the resulting amount to the nexthigher unit as listed below:
LETS SAY ON YOUR CLACULATOR YOUR CONVERSION COMES TO $2456.003NZD AND THE DECIMAL UNIT BOX SAYS 2 WE LOOK AT THE AMOUNT AND ONLY SHOW TO 2 DECIMALS$2456.00IF IT SAY “0” DECIMALS IN CHARTAND YOU HAVE 123457000.00 JPY (JAPANESE YEN) THE ANSWER WOULD BE 123457000(NO DECIMAL POINT!)
LOOK AT ALGERIA
• LETS SAY NUC IS 567.86 NUC• 567.86 X ROE 72.159000 = 40976 . 20974LEK• WE ONLY LOOK AT 40976 . 20974LEK• CHARTS SAY ROUND UP TO NEAREST 10• 40976 . 20 LEK = 40980 LEK
• THE NUC IS 561.34• 561.34 X ROE 1.301754 = 739 . 601079AUD• ROUND UP TO NEAREST 1• 739 . 601079AUD IGNORE ANYTHING AFTER 2 DECIMALS
739.60AUD= 740.00
HUNDS TENS ONES
7 3 9 . 6 0
Part of a whole numberWhole numbers
LETS LOOK AT BENIN,AFRICA
• AIRFARE IS 234567.98NUC• 2345.67 X ROE 952 = 2233077.84 Africaine franc (XOF);
• ROUND UP TO NEAREST 100
•
• 2233077.84 =2233100 (NO DECIMALS SEE CHART)
MILL HUND OF THOU
TENS OF THOU
THOU HUN TENS ONES
2 2 3 3 0 7 7 . 8 4
EXAMPLE :
• NUC 721.87 multiplied by ROE• (NUC 1 = LSL 7.723499) into Lesotho Loti =• LSL 5575.3622 =• LSL 5580 (rounding according to NUC
Conversion Factors Table).
LOOK OUT FOR NOTES
• CHECK THE NOTES• NUMBER 5 WHICH
MOST OFTEN RELATES TO FARES SHOWN IN USD
• YOU ALWAYS ROUND UP IF OVER 0.5 AND DOWN IF UNDER 0.5