# How to calculate monetary values in Java

Monetary values are usually programmed in the financial or e-commerce application. When you deal with “money” value, it’s always come to a question – Should I use `double` or `float` data type to represent the monetary values?

Answer : Always uses `java.math.BigDecimal` to represent the monetary values.

## 1. Monetary values – Double

Here is an example to use double to represent the monetary values in Java.

MoneyDouble.java
``````
package com.mkyong.test;

public class MoneyDouble {

public static void main(String[] argv) {

System.out.println("--- Normal Print-----");
System.out.println(2.00 - 1.1);
System.out.println(2.00 - 1.2);
System.out.println(2.00 - 1.3);
System.out.println(2.00 - 1.4);
System.out.println(2.00 - 1.5);
System.out.println(2.00 - 1.6);
System.out.println(2.00 - 1.7);
System.out.println(2.00 - 1.8);
System.out.println(2.00 - 1.9);
System.out.println(2.00 - 2);
}

}
``````

Output – It cannot calculate all double decimals precisely.

``````
--- Normal Print-----
0.8999999999999999
0.8
0.7
0.6000000000000001
0.5
0.3999999999999999
0.30000000000000004
0.19999999999999996
0.10000000000000009
0.0
``````

## 2. Monetary values – BigDecimal

To avoid the decimal issue above, you can use `BigDecimal` to represent the monetary values.

MoneyBigDecimal.java
``````
package com.mkyong.test;

import java.math.BigDecimal;

public class MoneyBigDecimal {

public static void main(String[] argv) {

System.out.println("--- BigDecimal-----");
System.out.println(new BigDecimal("2.00").subtract(new BigDecimal("1.1")));
System.out.println(new BigDecimal("2.00").subtract(new BigDecimal("1.2")));
System.out.println(new BigDecimal("2.00").subtract(new BigDecimal("1.3")));
System.out.println(new BigDecimal("2.00").subtract(new BigDecimal("1.4")));
System.out.println(new BigDecimal("2.00").subtract(new BigDecimal("1.5")));
System.out.println(new BigDecimal("2.00").subtract(new BigDecimal("1.6")));
System.out.println(new BigDecimal("2.00").subtract(new BigDecimal("1.7")));
System.out.println(new BigDecimal("2.00").subtract(new BigDecimal("1.8")));
System.out.println(new BigDecimal("2.00").subtract(new BigDecimal("1.9")));
System.out.println(new BigDecimal("2.00").subtract(new BigDecimal("2")));
}

}
``````

Output – BigDecimal performs exact decimal arithmetic.

``````
--- BigDecimal-----
0.90
0.80
0.70
0.60
0.50
0.40
0.30
0.20
0.10
0.00
``````
Note
BigDecimal calculations are slower than those with primitive type calculations, which may be an issue for the mission critical calculation application. For most e-commerce applications, it should be fine.

## References

##### mkyong
Founder of Mkyong.com, love Java and open source stuff. Follow him on Twitter, or befriend him on Facebook or Google Plus. If you like my tutorials, consider make a donation to these charities.

Guest
prashant

how java decides the double precision
ex:
10.2*2 = 20.4
10.3*3=30.599999999999998
why the result is different in both cases?

Guest
subes

See https://github.com/subes/invesdwin-util#decimal for an alternative to working with Double directly by using a fluent API around it that is very fast since being designed for financial strategy backtesting.

Guest
Prateek Ashtikar

Very useful. I was struggling to do precisely calculations. Thanks!!