Format a vector as currency values

With numeric values in a vector, we can perform currency-based formatting. This function supports both automatic formatting with a three-letter or numeric currency code. We can also specify a custom currency that is formatted according to the output context with the currency() helper function. We have fine control over the conversion from numeric values to currency values, where we could take advantage of the following options:

the currency: providing a currency code or common currency name will procure the correct currency symbol and number of currency subunits; we could also use the currency() helper function to specify a custom currency
currency symbol placement: the currency symbol can be placed before or after the values
decimals/subunits: choice of the number of decimal places, and a choice of the decimal symbol, and an option on whether to include or exclude the currency subunits (decimal portion)
negative values: choice of a negative sign or parentheses for values less than zero
digit grouping separators: options to enable/disable digit separators and provide a choice of separator symbol
scaling: we can choose to scale targeted values by a multiplier value
large-number suffixing: larger figures (thousands, millions, etc.) can be autoscaled and decorated with the appropriate suffixes
pattern: option to use a text pattern for decoration of the formatted currency values
locale-based formatting: providing a locale ID will result in currency formatting specific to the chosen locale; it will also retrieve the locale's currency if none is explicitly given

We can call info_currencies() for a useful reference on all of the possible inputs to the currency argument.

Usage

vec_fmt_currency(
  x,
  currency = NULL,
  use_subunits = TRUE,
  decimals = NULL,
  drop_trailing_dec_mark = TRUE,
  use_seps = TRUE,
  accounting = FALSE,
  scale_by = 1,
  suffixing = FALSE,
  pattern = "{x}",
  sep_mark = ",",
  dec_mark = ".",
  force_sign = FALSE,
  placement = "left",
  incl_space = FALSE,
  locale = NULL,
  output = c("auto", "plain", "html", "latex", "rtf", "word")
)

Arguments

x

The input vector

vector(numeric|integer) // required

This is the input vector that will undergo transformation to a character vector of the same length. Values within the vector will be formatted.

currency

Currency to use

scalar<character>|obj:<gt_currency> // default: NULL (optional)

The currency to use for the numeric value. This input can be supplied as a 3-letter currency code (e.g., "USD" for U.S. Dollars, "EUR" for the Euro currency). Use info_currencies() to get an information table with all of the valid currency codes and examples of each. Alternatively, we can provide a common currency name (e.g., "dollar", "pound", "yen", etc.) to simplify the process. Use info_currencies() with the type == "symbol" option to view an information table with all of the supported currency symbol names along with examples.

We can also use the currency() helper function to specify a custom currency, where the string could vary across output contexts. For example, using currency(html = "&fnof;", default = "f") would give us a suitable glyph for the Dutch guilder in an HTML output table, and it would simply be the letter "f" in all other output contexts). Please note that decimals will default to 2 when using the currency() helper function.

use_subunits

Show or hide currency subunits

scalar<logical> // default: TRUE

An option for whether the subunits portion of a currency value should be displayed. For example, with an input value of 273.81, the default formatting will produce "$273.81". Removing the subunits (with use_subunits = FALSE) will give us "$273".

decimals

Number of decimal places

scalar<numeric|integer>(val>=0) // default: NULL (optional)

The decimals values corresponds to the exact number of decimal places to use. This value is optional as a currency has an intrinsic number of decimal places (i.e., the subunits). A value such as 2.34 can, for example, be formatted with 0 decimal places and if the currency used is "USD" it would result in "$2". With 4 decimal places, the formatted value becomes "$2.3400".

drop_trailing_dec_mark

Drop the trailing decimal mark

scalar<logical> // default: TRUE

A logical value that determines whether decimal marks should always appear even if there are no decimal digits to display after formatting. For example, when use_subunits = FALSE or decimals = 0 a formatted value such as "$23" can be fashioned as "$23." by setting drop_trailing_dec_mark = FALSE.

use_seps

Use digit group separators

scalar<logical> // default: TRUE

An option to use digit group separators. The type of digit group separator is set by sep_mark and overridden if a locale ID is provided to locale. This setting is TRUE by default.

accounting

Use accounting style

scalar<logical> // default: FALSE

An option to use accounting style for values. Normally, negative values will be shown with a minus sign but using accounting style will instead put any negative values in parentheses.

scale_by

Scale values by a fixed multiplier

scalar<numeric|integer> // default: 1

All numeric values will be multiplied by the scale_by value before undergoing formatting. Since the default value is 1, no values will be changed unless a different multiplier value is supplied. This value will be ignored if using any of the suffixing options (i.e., where suffixing is not set to FALSE).

suffixing

Specification for large-number suffixing

scalar<logical>|vector<character> // default: FALSE

The suffixing option allows us to scale and apply suffixes to larger numbers (e.g., 1924000 can be transformed to 1.92M). This option can accept a logical value, where FALSE (the default) will not perform this transformation and TRUE will apply thousands ("K"), millions ("M"), billions ("B"), and trillions ("T") suffixes after automatic value scaling.

We can alternatively provide a character vector that serves as a specification for which symbols are to used for each of the value ranges. These preferred symbols will replace the defaults (e.g., c("k", "Ml", "Bn", "Tr") replaces "K", "M", "B", and "T").

Including NA values in the vector will ensure that the particular range will either not be included in the transformation (e.g., c(NA, "M", "B", "T") won't modify numbers at all in the thousands range) or the range will inherit a previous suffix (e.g., with c("K", "M", NA, "T"), all numbers in the range of millions and billions will be in terms of millions).

Any use of suffixing (where it is not set expressly as FALSE) means that any value provided to scale_by will be ignored.

If using system = "ind" then the default suffix set provided by suffixing = TRUE will be the equivalent of c(NA, "L", "Cr"). This doesn't apply suffixes to the thousands range, but does express values in lakhs and crores.

pattern

Specification of the formatting pattern

scalar<character> // default: "{x}"

A formatting pattern that allows for decoration of the formatted value. The formatted value is represented by the {x} (which can be used multiple times, if needed) and all other characters will be interpreted as string literals.

sep_mark

Separator mark for digit grouping

scalar<character> // default: ","

The string to use as a separator between groups of digits. For example, using sep_mark = "," with a value of 1000 would result in a formatted value of "1,000". This argument is ignored if a locale is supplied (i.e., is not NULL).

dec_mark

Decimal mark

scalar<character> // default: "."

The string to be used as the decimal mark. For example, using dec_mark = "," with the value 0.152 would result in a formatted value of "0,152"). This argument is ignored if a locale is supplied (i.e., is not NULL).

force_sign

Forcing the display of a positive sign

scalar<logical> // default: FALSE

Should the positive sign be shown for positive values (effectively showing a sign for all values except zero)? If so, use TRUE for this option. The default is FALSE, where only negative numbers will display a minus sign. This option is disregarded when using accounting notation with accounting = TRUE.

placement

Currency symbol placement

singl-kw:[left|right] // default: "left"

The placement of the currency symbol. This can be either be "left" (as in "$450") or "right" (which yields "450$").

incl_space

Include a space between the value and the currency symbol

scalar<logical> // default: FALSE

An option for whether to include a space between the value and the currency symbol. The default is to not introduce a space character.

locale

Locale identifier

scalar<character> // default: NULL (optional)

An optional locale identifier that can be used for formatting values according the locale's rules. Examples include "en" for English (United States) and "fr" for French (France). We can call info_locales() for a useful reference for all of the locales that are supported.

output

Output format

The output style of the resulting character vector. This can either be "auto" (the default), "plain", "html", "latex", "rtf", or "word". In knitr rendering (i.e., Quarto or R Markdown), the "auto" option will choose the correct output value

Value

A character vector.

Examples

Let's create a numeric vector for the next few examples:

num_vals <- c(5.2, 8.65, 0, -5.3, NA)

Using vec_fmt_currency() with the default options will create a character vector where the numeric values have been transformed to U.S. Dollars ("USD"). Furthermore, the rendering context will be autodetected unless specified in the output argument (here, it is of the "plain" output type).

vec_fmt_currency(num_vals)

#> [1] "$5.20" "$8.65" "$0.00" "-$5.30" "NA"

We can supply a currency code to the currency argument. Let's use British Pounds through currency = "GBP":

vec_fmt_currency(num_vals, currency = "GBP")

#> [1] "GBP5.20" "GBP8.65" "GBP0.00" "-GBP5.30" "NA"

If we are formatting for a different locale, we could supply the locale ID and let gt handle all locale-specific formatting options:

vec_fmt_currency(num_vals, locale = "fr")

#> [1] "EUR5,20" "EUR8,65" "EUR0,00" "-EUR5,30" "NA"

There are many options for formatting values. Perhaps you need to have explicit positive and negative signs? Use force_sign = TRUE for that.

vec_fmt_currency(num_vals, force_sign = TRUE)

#> [1] "+$5.20" "+$8.65" "$0.00" "-$5.30" "NA"

As a last example, one can wrap the values in a pattern with the pattern argument. Note here that NA values won't have the pattern applied.

vec_fmt_currency(num_vals, pattern = "`{x}`")

#> [1] "`$5.20`" "`$8.65`" "`$0.00`" "`-$5.30`" "NA"

Function ID

15-8

Function Introduced

v0.7.0 (Aug 25, 2022)

Usage

Arguments

Value

Examples

Function ID

Function Introduced

See also