django templates - How to use Python string formatting to convert an integer representing cents to a float representing dollars?

Question

I have an integer representing a price in cents. Using Python format strings, how can I convert this value into dollars with two decimal places? Examples:

1234 => 12.34
5 => 0.05
999 => 9.99

EDIT: I should give some background. I am storing prices in a database as integers in order to make sure I don't loose precision. I don't want to use the Decimal datatype because these values will also be used in calculations in Javascript, so integers will be simplest to work with for that. I want to be able to display in a Django template the formatted value using the stringformat tag. As such, dividing the number by 100 doesn't work. Is there a way to add the decimal point without dividing?

Answer 1

You should try hard to avoid ever using floats to represent money (numerical inaccuracy can too easily creep in). The decimal module provides a useful datatype for representing money as it can exactly represent decimal numbers such as 0.05.

It can be used like this:

import decimal
cents = 999
dollars = decimal.Decimal(cents) / 100
print dollars