Rails - Apr 2007 - handling currencies

Hi
How should I handle storing money in different currencies in my database.
I''m using the money gem (although I can change that if anyone thinks of
a
better way), but when items are based in different countries, I''ll want
to
give them different currencies.

One solution I thought of is to store everything in a primary currency (£,
because I''m patriotic), and convert as necessary. This would mean
setting
the conversion rates based on the number of decimal places each currency
has. So £ - $ and £ - € would be 1, whereas £ - ¥ would be 100. This seems
like a fairly good solution, with just a small odour of hackiness. Does
anyone have any better ideas?
-Nathan

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Oh dear. Now I look silly for not reading things through. The money gem
supports storing multiple currencies in the database. Sorry to clog up the
list.
-N

On 17/04/07, njmacinnes-Re5JQEeQqe8AvxtiuMwx3w@public.gmane.org
<njmacinnes-Re5JQEeQqe8AvxtiuMwx3w@public.gmane.org>
wrote:
>
> Hi
> How should I handle storing money in different currencies in my database.
> I''m using the money gem (although I can change that if anyone
thinks of a
> better way), but when items are based in different countries, I''ll
want to
> give them different currencies.
>
> One solution I thought of is to store everything in a primary currency (£,
> because I''m patriotic), and convert as necessary. This would mean
setting
> the conversion rates based on the number of decimal places each currency
> has. So £ - $ and £ - € would be 1, whereas £ - ¥ would be 100. This seems
> like a fairly good solution, with just a small odour of hackiness. Does
> anyone have any better ideas?
> -Nathan
>
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