Money data type
Mark Wilson
mwilson13 at cox.net
Thu Sep 18 03:13:22 EDT 2003
One should be very wary of using floating point arithmetic when dealing
with money. For a discussion of the limitations of floating point
arithmetic, see:
http://www.python.org/doc/current/tut/node14.html
For financial applications, fixed point arithmetic with an appropriate
(currency-dependent) scaling factor is usually most appropriate. For
division operations, the modulo operator can be used to determine
fractional currency units.
Regards,
Mark
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