What data type would be best for storing the money formatb of data in C#?

[Smith Ward]

Hi,

I am working on a website which is supposed to deal with users bank transactions. As it is going to deal with money on a higher scale. I want to know what will be the best fit data type for storing the money values in C# language such that the maximum memory utilization and performance can be get.

Thanks,

Dev

[Joseph Martell]

If you are restricting yourself to built-in data types then my initial thought would be decimal. It is not the most compact, but it has the highest range and accuracy of any floating point type in the .Net framework.

It is also possible to create your own fixed-point class that doesn't have the same accuracy problems that a floating-point data type has. I have read several articles and programming books where the other details a scenario where they needed to do this to deal with financial information.

[Smith Ward]

Hi,

The data type to use can be decimal or double depending upon the range and precision of data to store. double will enable you to store larger range of data. Moreover the precision will also be better. The typical synatx that you can use is as follows:

double amount=12.2323232;
label1.Text= amount;

More details for the same can be found at the below link:

Hope this solve your problem..