I am trying to decide which data type shall i use for a financial application.
I have read that Double
or BigDecimal
should be used. And i am confused between them.
Any help in this regard will be highly appreciated
You almost certainly don't want to use floating-point types (double
, float
, Double
, Float
) to handle monetary amounts, especially if you will be performing computations on them. The main reason for this is that there are many simple-looking numbers that cannot be represented exactly as a double
et al. One such number is 0.1
.
BigDecimal
is therefore a much better choice for this use case.
Use BigDecimal, it's a lot better than Double for financial stuff. See here the accepted answer for a similar question: Double vs. BigDecimal?
For most applications, a simple long
will do: when representing cents, this will handle amounts up to 10^17 {Dollars, Euros, whatever}.