Output on my machine using default precision 12:
Wrong: 14.38
Wrong: 14.38
'Magically' correct: 14.38
'Magically' correct: 14.38
Converted to string and is now correct: 14.38
Converted to string and is now correct: 14.38

And it works exactly like it's supposed to.
round() rounds up to 2 decimals. Same goes for number_format(). 

14.375 == 14.38 but 14.374 == 14.37

There is no bug here, and please, don't bother reopening this yet again.

I just confirmed this issue to still exist on the following systems:

Windows XP Pro SP2 [IIS 5.1 ISAPI] (PHP 5.1.2 / php.ini precision: 12)
Windows XP Pro SP2 [IIS 5.1 CGI] (PHP 5.1.0RC1 / php.ini precision: 12)
Windows Server 2003 Enterprise x64 Edition SP1 [IIS 6.0 CGI] (PHP 5.1.2 / php.ini precision: 12)

PHP was installed on all three systems manually (not using the installer).

Hope that helps in isolating this issue.

What EXACTLY is the output when you set precision to 32?

As requested, the exact output with 32 as the precision:

Wrong: 14.369999999999999
Wrong: 14.37
'Magically' correct: 14.380000000000001
'Magically' correct: 14.38
Converted to string and is now correct: 14.369999999999999
Converted to string and is now correct: 14.37

Oh, and as I had suspected, here is the value of $num with 32 precision: 14.374999999999998
With 12 as the precision, it is: 14.375

Please try using this CVS snapshot:

  http://snaps.php.net/php5.2-latest.tar.gz
 
For Windows:
 
  http://snaps.php.net/win32/php5.2-win32-latest.zip

Regretfully, the same output:

5.2.0-dev

Wrong: 14.37
Wrong: 14.37
'Magically' correct: 14.38
'Magically' correct: 14.38
Converted to string and is now correct: 14.38
Converted to string and is now correct: 14.38


The 32 precision results are also the same [as the ones on January 15].

Code:
for ($i = 1.075;$i <= 1.975;$i=$i+0.1)
	{echo round($i,2);}
Result:
1.08, 1.18, 1.28, 1.38....
But if
 	echo round(1.275,2);
	echo round(1.275*100);
we have 1.27 and 127. 

Another "same" example:
for ($i = 1.075;$i <= 20.975;$i=$i+0.1)
	{echo round($i,2);}

Win2003 + Apache 2.0.59 + php 5.1.6

Amen to that ;)

I think this is a Windows vs others thing.  I have the same rounding error using PHP 5.0.5 on Windows XP SP2.

The same problem does not exist on my webhost, who use PHP 4.3.9 and Redhat Linux (need any more detail).

The code I used was:

echo "Correct VAT = " . round( 0.525, 2 ) . "\r\n";
echo "Wrong VAT = " .  round( 3 * ( 17.5 / 100.0 ), 2 ) . "\r\n";

Outputs 0.53 for each on webhost (under Linux) and 0.52 for the second test under Windows (0.53 for the first test).

I've also had very bizarre rounding errors with MySQL.  The rounding error came and went depending on how the calculation was constructed!

Aww well it's too late for me to bug it for Windows Vista as we've entered Release Candidate 2 :(  I'll test this again on IIS7 with the final version of Vista...

Please try using this CVS snapshot:

  http://snaps.php.net/php5.2-latest.tar.gz
 
For Windows:
 
  http://snaps.php.net/win32/php5.2-win32-latest.zip

I tested the code on PC + FreeBSD 6.1 + Apache 2.2.3 + PHP 5.2.0 and get the same results. Actually, the seemingly coincident numbers $num and $num_same_thing are in fact not the same thing: $num - $num_same_thing yields -1.7763568394003E-015, not zero, so $num is smaller than 14.375 and round($num) is 14.37, not 14.38. Thus this "bug" is more like a floating point error thing, not a real bug.

No feedback was provided for this bug for over a week, so it is
being suspended automatically. If you are able to provide the
information that was originally requested, please do so and change
the status of the bug back to "Open".

I don't have a simpler test case, but in doing more testing, I found that the rounding apparently just doesn't work. When you print out a number that was rounded, it will appear correctly, but when you try to do math functions with other similar numbers (ie 6.08 - 6.08), I will get a remainder of like 2.039283e-16. However, setting the type to each variable as a string made it work correctly.

Similar problem on Vista home premium, PHP 5.2.5:

<?php
$numbers = array(0.001, 0.002, 0.003, 0.004, 0.005, 0.006, 0.007, 0.008, 0.009);
foreach ($numbers as $number)
  print $number."->".number_format($number, 2, '.', ',')."<br>";
?>

0.001->0.00
0.002->0.00
0.003->0.00
0.004->0.00
0.005->0.01
0.006->0.01
0.007->0.01
0.008->0.01
0.009->0.01

as expected... however...

<?php
$numbers = array(78.221,78.222,78.223,78.224,78.225,78.226,78.227,78.228,78.229);
foreach ($numbers as $number)
    print $number."->".number_format($number, 2, '.', ',')."<br>";

?>

78.221->78.22
78.222->78.22
78.223->78.22
78.224->78.22
78.225->78.22
78.226->78.23
78.227->78.23
78.228->78.23
78.229->78.23

?
78.225->78.22
?

no fiddling with the precision parameter enabled me to fix this.

PHP 5.2.5?  Upgrade!