Should I use NSDecimalNumber to deal with money?

末鹿安然 提交于 2019-11-26 11:14:58

Marcus Zarra has a pretty clear stance on this: "If you are dealing with currency at all, then you should be using NSDecimalNumber." His article inspired me to look into NSDecimalNumber, and I've been very impressed with it. IEEE floating point errors when dealing with base-10 math have been irritating me for a while (1 * (0.5 - 0.4 - 0.1) = -0.00000000000000002776) and NSDecimalNumber does away with them.

NSDecimalNumber doesn't just add another few digits of binary floating point precision, it actually does base-10 math. This gets rid of the errors like the one shown in the example above.

Now, I'm writing a symbolic math application, so my desire for 30+ decimal digit precision and no weird floating point errors might be an exception, but I think it's worth looking at. The operations are a little more awkward than simple var = 1 + 2 style math, but they're still manageable. If you're worried about allocating all sorts of instances during your math operations, NSDecimal is the C struct equivalent of NSDecimalNumber and there are C functions for doing the exact same math operations with it. In my experience, these are plenty fast for all but the most demanding applications (3,344,593 additions/s, 254,017 divisions/s on a MacBook Air, 281,555 additions/s, 12,027 divisions/s on an iPhone).

As an added bonus, NSDecimalNumber's descriptionWithLocale: method provides a string with a localized version of the number, including the correct decimal separator. The same goes in reverse for its initWithString:locale: method.

Yes. You have to use

NSDecimalNumber and

not double or float when you deal with currency on iOS.

Why is that??

Because we don't want to get things like $9.9999999998 instead of $10

How that happens??

Floats and doubles are approximations. They always comes with a rounding error. The format computers use to store decimals cause this rouding error. If you need more details read

http://floating-point-gui.de/

According to apple docs,

NSDecimalNumber is an immutable subclass of NSNumber, provides an object-oriented wrapper for doing base-10 arithmetic. An instance can represent any number that can be expressed as mantissa x 10^exponent where mantissa is a decimal integer up to 38 digits long, and exponent is an integer from –128 through 127.wrapper for doing base-10 arithmetic.

So NSDecimalNumber is recommonded for deal with currency.

(Adapted from my comment on the other answer.)

Yes, you should. An integral number of pennies works only as long as you don't need to represent, say, half a cent. If that happens, you could change it to count half-cents, but what if you then need to represent a quarter-cent, or an eighth of a cent?

The only proper solution is NSDecimalNumber (or something like it), which puts off the problem to 10^-128¢ (i.e.,
0.0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
000000000000000000000000000000000000001¢).

(Another way would be arbitrary-precision arithmetic, but that requires a separate library, such as the GNU MP Bignum library. GMP is under the LGPL. I've never used that library and don't know exactly how it works, so I couldn't say how well it would work for you.)

[Edit: Apparently, at least one person—Brad Larson—thinks I'm talking about binary floating-point somewhere in this answer. I'm not.]

A better question is, when should you not use NSDecimalNumber to deal with money. The short answer to that question is, when you can't tolerate the performance overhead of NSDecimalNumber and you don't care about small rounding errors because you're never dealing with more than a few digits of precision. The even shorter answer is, you should always use NSDecimalNumber when dealing with money.

I've found it convenient to use an integer to represent the number of cents and then divide by 100 for presentation. Avoids the whole issue.

VISA, MasterCards and others are using integer values while passing amounts. It's up to sender and reciever to parse amouts correctly according to currency exponent (divide or multiply by 10^num, where num - is an exponent of the currency). Note that different currencies have different exponents. Usually it's 2 (hence we divide and multiply by 100), but some currencies have exponent = 0 (VND,etc), or = 3.

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