diff --git a/htdocs/lib/DemodulatorPanel.js b/htdocs/lib/DemodulatorPanel.js
index 33751b0..3b815c2 100644
--- a/htdocs/lib/DemodulatorPanel.js
+++ b/htdocs/lib/DemodulatorPanel.js
@@ -353,9 +353,9 @@ DemodulatorPanel.prototype.setMouseFrequency = function(freq) {
     this.mouseFrequencyDisplay.setFrequency(freq);
 };
 
-DemodulatorPanel.prototype.setFrequencyPrecision = function(precision) {
-    this.tuneableFrequencyDisplay.setFrequencyPrecision(precision);
-    this.mouseFrequencyDisplay.setFrequencyPrecision(precision);
+DemodulatorPanel.prototype.setTuningPrecision = function(precision) {
+    this.tuneableFrequencyDisplay.setTuningPrecision(precision);
+    this.mouseFrequencyDisplay.setTuningPrecision(precision);
 };
 
 $.fn.demodulatorPanel = function(){
diff --git a/htdocs/lib/FrequencyDisplay.js b/htdocs/lib/FrequencyDisplay.js
index 777b975..3d20f8c 100644
--- a/htdocs/lib/FrequencyDisplay.js
+++ b/htdocs/lib/FrequencyDisplay.js
@@ -7,7 +7,7 @@ function FrequencyDisplay(element) {
     };
     this.element = $(element);
     this.digits = [];
-    this.precision = 4;
+    this.precision = 2;
     this.setupElements();
     this.setFrequency(0);
 }
@@ -31,9 +31,10 @@ FrequencyDisplay.prototype.setFrequency = function(freq) {
     this.frequency = freq;
     this.exponent = Math.floor(Math.log10(this.frequency) / 3) * 3;
 
+    var digits = Math.max(0, this.exponent - this.precision);
     var formatted = (freq / 10 ** this.exponent).toLocaleString(
         undefined,
-        {maximumFractionDigits: this.precision, minimumFractionDigits: this.precision}
+        {maximumFractionDigits: digits, minimumFractionDigits: digits}
     );
     var children = this.digitContainer.children();
     for (var i = 0; i < formatted.length; i++) {
@@ -55,8 +56,8 @@ FrequencyDisplay.prototype.setFrequency = function(freq) {
     this.unitContainer.text(' ' + this.getPrefix() + 'Hz');
 };
 
-FrequencyDisplay.prototype.setFrequencyPrecision = function(precision) {
-    if (!precision) return;
+FrequencyDisplay.prototype.setTuningPrecision = function(precision) {
+    if (typeof(precision) == 'undefined') return;
     this.precision = precision;
     this.setFrequency(this.frequency);
 };
diff --git a/htdocs/openwebrx.js b/htdocs/openwebrx.js
index d31c13d..b6343fd 100644
--- a/htdocs/openwebrx.js
+++ b/htdocs/openwebrx.js
@@ -770,8 +770,8 @@ function on_ws_recv(evt) {
                             waterfall_clear();
                         }
 
-                        if ('frequency_display_precision' in config)
-                            $('#openwebrx-panel-receiver').demodulatorPanel().setFrequencyPrecision(config['frequency_display_precision']);
+                        if ('tuning_precision' in config)
+                            $('#openwebrx-panel-receiver').demodulatorPanel().setTuningPrecision(config['tuning_precision']);
 
                         break;
                     case "secondary_config":
diff --git a/owrx/config/defaults.py b/owrx/config/defaults.py
index afb74d8..db0441d 100644
--- a/owrx/config/defaults.py
+++ b/owrx/config/defaults.py
@@ -2,7 +2,7 @@ from owrx.property import PropertyLayer
 
 
 defaultConfig = PropertyLayer(
-    version=5,
+    version=6,
     max_clients=20,
     receiver_name="[Callsign]",
     receiver_location="Budapest, Hungary",
@@ -25,7 +25,7 @@ defaultConfig = PropertyLayer(
     waterfall_scheme="GoogleTurboWaterfall",
     waterfall_levels=PropertyLayer(min=-88, max=-20),
     waterfall_auto_level_margin=PropertyLayer(min=3, max=10, min_range=50),
-    frequency_display_precision=4,
+    tuning_precision=2,
     squelch_auto_margin=10,
     nmux_memory=50,
     google_maps_api_key="",
diff --git a/owrx/config/migration.py b/owrx/config/migration.py
index a241e01..3ddccbd 100644
--- a/owrx/config/migration.py
+++ b/owrx/config/migration.py
@@ -89,13 +89,23 @@ class ConfigMigratorVersion4(ConfigMigrator):
         config["version"] = 5
 
 
+class ConfigMigratorVersion5(ConfigMigrator):
+    def migrate(self, config):
+        if "frequency_display_precision" in config:
+            # old config was always in relation to the display in MHz (1e6 Hz, hence the 6)
+            config["tuning_precision"] = 6 - config["frequency_display_precision"]
+            del config["frequency_display_precision"]
+        config["version"] = 6
+
+
 class Migrator(object):
-    currentVersion = 5
+    currentVersion = 6
     migrators = {
         1: ConfigMigratorVersion1(),
         2: ConfigMigratorVersion2(),
         3: ConfigMigratorVersion3(),
         4: ConfigMigratorVersion4(),
+        5: ConfigMigratorVersion5(),
     }
 
     @staticmethod
diff --git a/owrx/connection.py b/owrx/connection.py
index bc6f589..2acfbd9 100644
--- a/owrx/connection.py
+++ b/owrx/connection.py
@@ -132,7 +132,7 @@ class OpenWebRxReceiverClient(OpenWebRxClient, SdrSourceEventClient):
         "audio_compression",
         "fft_compression",
         "max_clients",
-        "frequency_display_precision",
+        "tuning_precision",
     ]
 
     def __init__(self, conn):
diff --git a/owrx/controllers/settings/general.py b/owrx/controllers/settings/general.py
index 84cd36f..b12ab4e 100644
--- a/owrx/controllers/settings/general.py
+++ b/owrx/controllers/settings/general.py
@@ -126,10 +126,12 @@ class GeneralSettingsController(SettingsFormController):
             ),
             Section(
                 "Display settings",
+                # TODO: custom input for this?
                 NumberInput(
-                    "frequency_display_precision",
-                    "Frequency display precision",
-                    infotext="Number of decimal digits to show on the frequency display",
+                    "tuning_precision",
+                    "Tuning precision",
+                    infotext="Specifies the precision of the frequency tuning display as an exponent of 10, in Hertz. "
+                    + "Setting this to 1 means 10Hz precision, 2 means 100Hz precision, etc.",
                 ),
             ),
             Section(