51–60 of 85 posts
Japanese yen do have minor units, and they are confusingly called sen (which is a homonym for one thousand)
Now a days they are mostly used for stock prices. But they exist!
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Agree. I wish banks have their APIs open. It's 2026 and we have OIDC. But I used to actually pull the CSV once a week and feed it to GnuCash. It's pretty good at auto-categorization. Also I simplified my finances to only a couple of checking accounts and only one credit account (for car rentals).
> I wish banks have their APIs open There needs to be a lot of investment in training and safe defaults though. Most people are not ready to automate even a little of their banking like that. I would even prefer banks had the option to push data to trusted feeds than having open APIs you could call on your own.
I definitely do not support an API for doing financial transactions. That will result in so much hacking and theft.
> 1. Japanese Yen has no minor units (due to post-WWII inflation) Japanese yen do have minor units, and they are confusingly called sen (which is a homonym for one thousand) Now a days they are mostly used for stock prices. But they exist!
US treasury futures are still priced in 32nds of a dollar increments. Sorry, that's not true, they're quoted in 32nds, but sometimes priced in half-, quarter- or eighth-32nds. One might trade at 105-22.5, which means 105 and 45/64ths.
https://www.cmegroup.com/trading/interest-rates/basics-of-us...
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Yeah, I thought about it when I first saw the coin cut into pieces - https://www.pirateglossary.com/glossary/pieces-of-eight But then why didn't they cut it into 10 pieces - https://etc.usf.edu/clipart/40600/40610/pie_01-10a_40610.htm ?
Easier to cut into halves?
> So, unless you are a Spanish trader from the 16th century or have a book with fractional stocks from the 90s, HandsOnMoney will serve you well. US treasury futures are still priced in 32nds of a dollar increments. Sorry, that's not true, they're quoted in 32nds, but sometimes priced in half-, quarter- or eighth-32nds. One might trade at 105-22.5, which means 105 and 45/64ths. https://www.cmegroup.com/trading/intere…
I knew there will be something to hunt minor units.
I committed to the GnuCash codebase pretty regularly in the 1999-2002 era... I think maybe I actually implemented the fractional representation that the article discusses? Not sure, it was a long time ago! I definitely remember receiving some very heated emails about how this was total nonsense and there was no reason to do anything other than a decimal representation. The phrase "a superhighway of abstraction, leadi…
Thanks for the info! But did you guys thought about fractional commodities those days? Or was it clear that it is going away?
Earlier quoted context omitted.
Agree. I wish banks have their APIs open. It's 2026 and we have OIDC. But I used to actually pull the CSV once a week and feed it to GnuCash. It's pretty good at auto-categorization. Also I simplified my finances to only a couple of checking accounts and only one credit account (for car rentals).
> I wish banks have their APIs open There needs to be a lot of investment in training and safe defaults though. Most people are not ready to automate even a little of their banking like that. I would even prefer banks had the option to push data to trusted feeds than having open APIs you could call on your own.
- people do not trust Plaid and Finicity - data is captive inside of bank portals - each damn CSV has it's own format
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Earlier quoted context omitted.
Thanks for the info! But did you guys thought about fractional commodities those days? Or was it clear that it is going away?
I seem to remember that we were aware that fractional commodities were going away, but exact rational values would still be important to be able to represent historical holdings and transactions.