Search results for: "monetary amounts"

What are the advantages of storing monetary amounts in cents as integers rather than floats in PHP?

Storing monetary amounts in cents as integers rather than floats in PHP helps to avoid precision errors that can occur when performing arithmetic oper...

What are the potential pitfalls of using float values in PHP for storing monetary amounts?

Using float values in PHP for storing monetary amounts can lead to rounding errors and precision loss due to the way floating-point numbers are repres...

What are the potential pitfalls of using DOUBLE data type for storing monetary values in a PHP application?

Using DOUBLE data type for storing monetary values in a PHP application can lead to precision issues due to floating-point arithmetic. It is recommend...

Are there any specific PHP functions or libraries recommended for working with monetary values to avoid precision errors?

When working with monetary values in PHP, it is recommended to use the `BCMath` extension to avoid precision errors that can occur with floating-point...

When dealing with monetary values in PHP, why can rounding be dangerous?

Rounding can be dangerous when dealing with monetary values in PHP because it can lead to inaccuracies in calculations. This is due to the way floatin...