How to manage currency values in Java 11.
I am on a quest to improve my knowledge of Java and also because it is required for the class I am taking called Software Engineering where the final project is building an Android app. I used Java last year to learn Hadoop but still found it complicated in comparison with Python.
Quick note to self:
String is an object. Use lower case for primitive types like
jshell to learn Java.
Following the online course
Java 11 Essential Training in Linkedin Learning I learned that managing currency values in Java is not as easy as I thought.
To make life even more enjoyable I started looking into Ethereum. Maybe it’s not too late for me. I was looking at the value of 1 USD to Ether
I was trying to calculate 3 USD times the value of Ether but it showed too many decimals. Should I round the value? Or use the print format to display the precision? Or is that the wrong way of managing currency?
jshell> double dollarToEther = 0.00037; dollarToEther ==> 3.7E-4 jshell> dollarToEther * 3; $18 ==> 0.0011099999999999999
The course Java11 Essential Training recommends to use
BigDecimal to manage currencies like this:
- Convert the value to String or pass the value as a String
- Create a BigDecimal instance
- Do calculations with this object
- Convert the result to a primitive
Convert the value to String
Convert the double value to String:
> var etherString = Double.toString(dollarToEther); etherString ==> "3.7E-4"
Create a BigDecimal instance
Convert the String to a BigDecimal object:
> var etherBigDecimal = new BigDecimal(etherString); etherBigDecimal ==> 0.00037
Calculations with BigDecimal
This is the part that I find the most annoying.
This doesn’t work:
> etherBigDecimal.multiply(3); | Error: | incompatible types: int cannot be converted to java.math.BigDecimal | etherBigDecimal.multiply(3); |
The method follows this syntax:
The parameter in the method also must be
Create the multiplicand. Let’s say this is the USD value as a string.
> var usdBigDecimal = new BigDecimal("3"); usdBigDecimal ==> 3 > var usdToEtherBigDecimal = etherBigDecimal.multiply(usdBigDecimal); usdToEtherBigDecimal ==> 0.00111