RubyMoney - Money


This library aids one in handling money and different currencies.




Install stable releases with the following command:

gem install money

The development version (hosted on Github) can be installed with:

git clone git://
cd money
rake install


require 'money'

# 10.00 USD
money =, "USD")
money.cents     #=> 1000
money.currency  #=>"USD")

# Comparisons, "USD") ==, "USD")   #=> true, "USD") ==, "USD")    #=> false, "USD") ==, "EUR")   #=> false, "USD") !=, "EUR")   #=> true

# Arithmetic, "USD") +, "USD") ==, "USD"), "USD") -, "USD") ==, "USD"), "USD") / 5                     ==, "USD"), "USD") * 5                     ==, "USD")

# Currency conversions
some_code_to_setup_exchange_rates, "USD").exchange_to("EUR") ==, "EUR")


Currencies are consistently represented as instances of Money::Currency. The most part of Money APIs allows you to supply either a String or a Money::Currency., "USD") ==,"USD")), "EUR").currency =="EUR")

A Money::Currency instance holds all the information about the currency, including the currency symbol, name and much more.

currency =, "USD").currency
currency.iso_code #=> "USD"     #=> "United States Dollar"

To define a new Money::Currency simply add a new item to the Money::Currency::TABLE hash, where the key is the identifier for the currency object and the value is a hash containing all the currency attributes.

 Money::Currency::TABLE[:USD] = {
  :priority        => 1,
  :iso_code        => "USD",
  :name            => "United States Dollar",
  :symbol          => "$",
  :subunit         => "Cent"
  :subunit_to_unit => 100,
  :separator       => ".",
  :delimiter       => ","

The pre-defined set of attributes includes:

All attributes are optional. Some attributes, such as :symbol, are used by the Money class to print out a representation of the object. Other attributes, such as :name or :priority, exist to provide a basic API you can take advantage of to build your application.


The priority attribute is an arbitrary numerical value you can assign to the Money::Currency and use in sorting/grouping operation.

For instance, let's assume your Rails application needs to render a currency selector like the one available here. You can create a couple of custom methods to return the list of major currencies and all currencies as follows:

# Returns an array of currency id where
# priority < 10
def major_currencies(hash)
  hash.inject([]) do |array, (id, attributes)|
    priority = attributes[:priority]
    if priority && priority < 10
      array[priority] ||= []
      array[priority] << id

# Returns an array of all currency id
def all_currencies(hash)

# => [ :usd, :eur, :bgp, :cad ]

# => [ :aed, :afn, all, ... ]

Default Currency

By default Money defaults to USD as its currency. This can be overwritten using:

Money.default_currency ="CAD")

If you use Rails, then environment.rb is a very good place to put this.

Currency Exchange

Exchanging money is performed through an exchange bank object. The default exchange bank object requires one to manually specify the exchange rate. Here's an example of how it works:

Money.add_rate("USD", "CAD", 1.24515)
Money.add_rate("CAD", "USD", 0.803115)

Money.us_dollar(100).exchange_to("CAD")  # =>, "CAD")
Money.ca_dollar(100).exchange_to("USD")  # =>, "USD")

Comparison and arithmetic operations work as expected:, "USD") <=>, "USD")   # => 1; 9.00 USD is smaller, "EUR") +, "EUR") ==, "EUR")

Money.add_rate("USD", "EUR", 0.5), "EUR") +, "USD") ==, "EUR")

There is nothing stopping you from creating bank objects which scrapes XE for the current rates or just returns rand(2):

Money.default_bank =


The following is a list of Money.gem compatible currency exchange rate implementations.

Ruby on Rails

Use the compose_of helper to let Active Record deal with embedding the money object in your models. The following example requires a cents and a currency field.

composed_of :price,
  :class_name => "Money",
  :mapping => [%w(cents cents), %w(currency currency_as_string)],
  :constructor => { |cents, currency| || 0, currency || Money.default_currency) },
  :converter => { |value| value.respond_to?(:to_money) ? value.to_money : raise(ArgumentError, "Can't convert #{value.class} to Money") }

For Money 2.2.x and previous versions, simply use the following composed_of definition:

composed_of :price,
  :class_name => "Money",
  :mapping => [%w(cents cents), %w(currency currency)],
  :constructor => { |cents, currency| || 0, currency || Money.default_currency) }

For further details read the full discussion here.