typexsdecimal
typexsdecimal is a data type designed for representing decimal numbers with a fixed precision. It is commonly found in database systems and programming languages to handle financial calculations and other scenarios where exact decimal representation is crucial. Unlike floating-point types, which can introduce small rounding errors, typexsdecimal stores numbers in a way that preserves their exact decimal value. This is achieved by storing the number as a sequence of digits along with a separate value indicating the decimal point's position.
The precision of a typexsdecimal is determined by its defined scale and precision. Precision refers to the
This data type is particularly useful in applications like accounting, banking, and e-commerce, where even minor