The value returned is the nearest (that is, numerically closest) value to $arg that is a multiple of ten to the power of minus $precision. If two such values are equally near (e.g. if the fractional part in $arg is exactly .500...), the function returns the one whose least significant digit is even.
If the type of $arg is one of the four numeric types xs:float, xs:double, xs:decimal or xs:integer the type of the result is the same as the type of $arg. If the type of $arg is a type derived from one of the numeric types, the result is an instance of the base numeric type.
The three argument version of the function with $precision = 0 produces the same result as the two argument version.
For arguments of type xs:float and xs:double, if the argument is NaN, positive or negative zero, or positive or negative infinity, then the result is the same as the argument. In all other cases, the argument is cast to xs:decimal, the function is applied to this xs:decimal value, and the resulting xs:decimal is cast back to xs:float or xs:double as appropriate to form the function result. If the resulting xs:decimal value is zero, then positive or negative zero is returned according to the sign of the original argument.
Note that the process of casting to xs:decimal may result in an error [err:FOCA0001].
If $arg is of type xs:float or xs:double, rounding occurs on the value of the mantissa computed with exponent = 0.
