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In SQL Server, each column, local variable, expression and parameter has a related data type. A data type is an attribute that specifies the type of data that the object can hold, such as monetary data. SQL Server has two data types that can hold monetary data, namely the MONEY data type and the SMALLMONEY data type.
The following article shows the similarities between the MONEY data type and the SMALLMONEY data type.
Similarities
- Both data types represent monetary or currency values.
- Both data types are accurate to a ten-thousandth of the monetary units they represent.
- Both data types does not need to be enclosed in single quotation marks (').
- A period is used to separate partial monetary units, like cents, from whole monetary units.
Differences
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MONEY
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SMALLMONEY
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Range is from -922,337,203,685,477.5808 to 922,337,203,685,477.5807
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Range is from -214,748.3648 to 214,748.3647
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Uses 8 bytes of storage
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Uses 4 bytes of storage
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