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Implement new type "Currency" as many other languages have it.
It means fixed decimals (in most cases 4) and exact precision.
Or to be more flexible Decimal datatype with default/optional precision.
Internally to store these values as bigints.
When operating with money values, floats suffers by definition and bcmath is little annoying. Want to use calculations/operators in a classical way.
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Just out of curiosity, where did you get the 4 decimals from?
To be fair, the only time I had to do with currencies a lot was when we got EUR, and the official conversion rate from DM was to 5 digits.
Then again, where would such a type live? As PHP is not strongly typed, it probably does not make sense to add some scalar like int/string.
I don't think this makes a lot of sense, but if someone happens to be in the mood to implement something.. we'll see.
Realistically, this would have to come in via an RFC with a patch/PR (and it would probably make more sense to implement it as a better bcmath API, rather than a currency-specific thing).
I don't mind leaving this open, but an open ticket here isn't going to get it done.
4 decimals probably from Object/Free Pascal ;)
Some time ago I translated into PHP one "bank" algorithm, related to interest calculation, loan repayment graphics etc... So, it was really difficult, notwithstanding complicated algorithm itself (PMT, VF ...), another problem was precision. I meet a lot of questions/confusions on support forums from php coders, like 0.1 + 0.2 != 0.3 and so on.
So implementing Currency type will be a real useful thing not just in simple conversion rates. In most cases business logic/calculations are done at DB level (SQL have "decimal" beside "float") from POST, GET params, which are in fact strings. But when you need do some currency calculations, statistical analysis on php layer, this will be a real improvement.
Yes, PHP is not strongly typed. Many advantages and some disadvantages.
Anyway, we have settype function, or as an idea, to declare explicitly precision like $a = 0.2000; or something like this: $a = (decimal(5)) 1.2; where 5 is precision;