org.jscience.economics.money

Interface Summary
Interface Description

Money
This interface represents something generally accepted as a medium of exchange, a measure of value, or a means of payment.
Class Summary
Class Description

Currency
This class represents a currency Unit.

Interface Summary
Interface	Description
Money	This interface represents something generally accepted as a medium of exchange, a measure of value, or a means of payment.

Class Summary
Class	Description
Currency	This class represents a currency `Unit`.

Package org.jscience.economics.money Description

Provides support for monetary quantities and their currencies.

Conversions between quantities stated in different currencies is possible if the exchange rates for the currencies have been set (otherwise ConversionException is thrown).

Monetary quantities support the dynamic changes of the currencies exchange rates as illustrated in the following example:[code] import static javax.measure.units.SI.*; import static javax.measure.units.NonSI.*; import static org.jscience.economics.money.Currency.*; /////////////////////////////////////////////////////////////////////// // Calculates the cost of a car trip in Europe for an American tourist. /////////////////////////////////////////////////////////////////////// // Use currency symbols instead of ISO-4217 codes. UnitFormat.getStandardInstance().label(USD, "$"); // Use "$" symbol instead of currency code ("USD") UnitFormat.getStandardInstance().label(EUR, "€"); // Use "€" symbol instead of currency code ("EUR") // Sets exchange rates. Currency.setReferenceCurrency(USD); EUR.setExchangeRate(1.17); // 1.0 € = 1.17 $ // Calculates trip cost. Amount carMileage = Amount.valueOf(20, MILE.divide(GALLON_LIQUID_US)); // 20 mi/gal. Amount gazPrice = Amount.valueOf(1.2, EUR.divide(LITER)); // 1.2 €/L Amount tripDistance = Amount.valueOf(400, KILO(METRE)); // 400 km Amount tripCost = tripDistance.divide(carMileage).times(gazPrice).to(USD); // Displays cost. System.out.println("Trip cost = " + tripCost + " (" + tripCost.to(EUR) + ")"); > Trip cost = 66.05 $ (56.45 €) [/code]

The exchange rates between currencies is context local. Application may use different sets of exchange rates concurrently (e.g. rates for buying and rates for selling). For example:[code] LocalContext.enter(); try { EUR.setExchangeRate(1.22); // Buying rate. Amount price = Amount.valueOf(9.99, EUR); System.out.println("Price: " + price.to(USD); } finally { LocalContext.exit(); } ... LocalContext.enter(); try { EUR.setExchangeRate(1.18); // Selling rate. Amount price = Amount.valueOf(14.99, USD); System.out.println("Price: " + price.to(EUR); } finally { LocalContext.exit(); }[/code]

Like any amount, money quantities can be exact or approximate (with an error known and guaranteed). [code] Unit CENTS = Currency.USD.times(100); Amount exactPrice = Amount.valueOf(1499, CENTS); // Integer value. Amount apprxPrice = Amount.valueOf(14.99, USD); // Floating-Point IEEE 754 accuracy. [/code]