How can developers effectively handle errors and exceptions when using the parseCurrency method in PHP?

When using the parseCurrency method in PHP, developers can effectively handle errors and exceptions by using try-catch blocks to catch any potential exceptions thrown by the method. By wrapping the parseCurrency method call within a try block and catching any exceptions in a catch block, developers can gracefully handle errors and provide appropriate error messages to users.

try {
    $amount = parseCurrency($input);
    echo "Parsed amount: $amount";
} catch (Exception $e) {
    echo "Error parsing currency: " . $e->getMessage();
}