How can PHP developers efficiently convert numerical values to words for display purposes in web applications?

When displaying numerical values in a web application, it may be necessary to convert them to words for better readability. One efficient way to achieve this is by using a PHP function that can convert numbers to their word equivalent. One popular library that can help with this is the "NumberFormatter" class in PHP, which provides methods for formatting numbers in various ways, including converting them to words.

$number = 1234;
$fmt = new NumberFormatter('en', NumberFormatter::SPELLOUT);
$words = $fmt->format($number);
echo $words; // Output: one thousand two hundred thirty-four