What data type should I use for MONEY in SQL?

"The MONEY data type is bad and should never be used." "The MONEY data type could result in unintentional loss of precision from rounding errors. It's better to use the DECIMAL data type."

What data type should money be in SQL?

Unlike the DECIMAL data type, the MONEY data type is always treated as a fixed-point decimal number. The database server defines the data type MONEY(p) as DECIMAL(p,2). If the precision and scale are not specified, the database server defines a MONEY column as DECIMAL(16,2).

What data type is best for money?

The best datatype to use for currency in C# is decimal. The decimal type is a 128-bit data type suitable for financial and monetary calculations. The decimal type can represent values ranging from 1.0 * 10^-28 to approximately 7.9 * 10^28 with 28-29 significant digits.

Is there a currency data type in SQL?

Currency or monetary data does not need to be enclosed in single quotation marks ( ' ). It is important to remember that while you can specify monetary values preceded by a currency symbol, SQL Server does not store any currency information associated with the symbol, it only stores the numeric value.

How do you display money in SQL?

Different Ways to Format Currency Output in SQL

For example, in the USA we use the $ for the currency symbol and a decimal point as a separator. Whereas in Latin America, we use the decimal point instead of a comma as the separator.

SQL Money and Decimal Data Types - When to Use?

How do you store money in a database?

The first important rule is, always store values as fractional units. It can be tempting to store a value such as $10 as 10.00 in your database. However, storing monetary values with a decimal point can cause a lot of issues. Instead, you should always store monetary values in their minor unit form.

What is the best data type for money in MySQL?

We can store the money values in MySQL in decimal(value1,value2). Here, value1 is the total range including value2. The value2 specifies the number of digits after the decimal point.

What data type is money?

Money Data Type. The money data type is an abstract data type. Money values are stored significant to two decimal places. These values are rounded to their amounts in dollars and cents or other currency units on input and output, and arithmetic operations on the money data type retain two-decimal-place precision.

What data type is money in MySQL?

From the MySQL manual: The DECIMAL and NUMERIC types store exact numeric data values. These types are used when it is important to preserve exact precision, for example with monetary data. In MySQL, NUMERIC is implemented as DECIMAL, so the following remarks about DECIMAL apply equally to NUMERIC.

How should I store currency values in SQL Server?

If you need the highest precision, a DECIMAL can use up to 17 bytes for each value. Generally though, I like using DECIMAL(19,4) for currency, which needs 9 bytes and can store numbers 19 digits wide, where the last four digits are after the decimal place.

What is the best data type to store number 5?

Use DECIMAL for decimal numbers. In your case DECIMAL(5,3) for five digits in total of which three are decimal places.

What are SQL data types?

What is Nvarchar vs varchar?

The key difference between varchar and nvarchar is the way they are stored, varchar is stored as regular 8-bit data(1 byte per character) and nvarchar stores data at 2 bytes per character. Due to this reason, nvarchar can hold upto 4000 characters and it takes double the space as SQL varchar.

Should I use CHAR or Nchar?

If your column will store a fixed-length Unicode characters like French, Arabic and so on characters then go for NCHAR. If the data stored in a column is Unicode and can vary in length, then go for NVARCHAR. Querying to NCHAR or NVARCHAR is a bit slower then CHAR or VARCHAR.

Is Nvarchar slower than VARCHAR?

Regarding memory usage, nvarchar uses 2 bytes per character, whereas varchar uses 1. JOIN-ing a VARCHAR to NVARCHAR has a considerable performance hit.

What Nvarchar 255?

nvarchar(255) (in SQL Server) stores 255 Unicode characters (in 510 bytes plus overhead). It's certainly possible to store ordinary UTF-8 encoded Unicode data in varchar columns - one varchar character per byte in the source (UTF-8 will use multiple bytes appropriately for wide characters).

How do I select data type in SQL?

You can get the MySQL table columns data type with the help of “information_schema. columns”. SELECT DATA_TYPE from INFORMATION_SCHEMA. COLUMNS where table_schema = 'yourDatabaseName' and table_name = 'yourTableName'.

What are the 5 data types?

What is int and varchar in SQL?

The VARCHAR data type accepts character strings, including Unicode, of a variable length is up to the maximum length specified in the data type declaration. A VARCHAR declaration must include a positive integer in parentheses to define the maximum allowable character string length.

How do you format currency in access?

What is format in SQL?

The FORMAT() function formats a value with the specified format (and an optional culture in SQL Server 2017). Use the FORMAT() function to format date/time values and number values. For general data type conversions, use CAST() or CONVERT().

Can you format numbers in SQL?

Starting from SQL Server 2012, you can format numeric types using the T-SQL FORMAT() function. This function accepts three arguments; the number, the format, and an optional “culture” argument. It returns a formatted string of type nvarchar. The format is supplied as a format string.