Integration of RubyMoney - Money with Rails
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Latest commit c3ccc03 Jul 12, 2017 @antstorm antstorm Update CHANGELOG to 1.9.0

RubyMoney - Money-Rails

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This library provides integration of the money gem with Rails.

Use 'monetize' to specify which fields you want to be backed by Money objects and helpers provided by the money gem.

Currently, this library is in active development mode, so if you would like to have a new feature, feel free to open a new issue here. You are also welcome to contribute to the project.


Add this line to your application's Gemfile:

gem 'money-rails', '~>1'

And then execute:

$ bundle

Or install it yourself using:

$ gem install money-rails

You can also use the money configuration initializer:

$ rails g money_rails:initializer

There, you can define the default currency value and set other configuration parameters for the rails app.

Without Rails in rack-based applications, call during initialization:




Usage example

For example, we create a Product model which has an integer column called price_cents and we want to handle it using a Money object instead:

class Product < ActiveRecord::Base

  monetize :price_cents


Now each Product object will also have an attribute called price which is a Money object, and can be used for money comparisons, conversions etc.

In this case the name of the money attribute is created automagically by removing the _cents suffix from the column name.

If you are using another db column name, or you prefer another name for the money attribute, then you can provide an as argument with a string value to the monetize macro:

monetize :discount_subunit, :as => "discount"

Now the model objects will have a discount attribute which is a Money object, wrapping the value of the discount_subunit column with a Money instance.

Migration helpers

If you want to add a money field to a product model you can use the add_money helper. This helper can be customized inside a MoneyRails.configure block. You should customize the add_money helper to match the most common use case and utilize it across all migrations.

class MonetizeProduct < ActiveRecord::Migration
  def change
    add_money :products, :price    # Rails 3
    add_monetize :products, :price # Rails 4x and above

    # OR

    change_table :products do |t| :price    # Rails 3
      t.monetize :price # Rails 4x and above

Another example, where the currency column is not included:

class MonetizeItem < ActiveRecord::Migration
  def change
    add_money :items, :price, currency: { present: false }

Notice. Default value of currency field, generated by migration's helper, is USD. To override these defaults, you need change default_currency in money initializer and run migrations.

The add_money helper is reversible, so you an use it inside change migrations. If you're writing separate up and down methods, you can use the remove_money helper.

Notice for Rails >= 4.2 and PG adapter

Due to the addition of the money column type for PostgreSQL in Rails 4.2, you will need to use add_monetize instead of add_money column. If you're adding the column within a create_table block, use t.monetize, and use remove_monetize to remove the column.

Allow nil values

If you want to allow nil and/or blank values to a specific monetized field, you can use the :allow_nil parameter:

# in Product model
monetize :optional_price_cents, :allow_nil => true

# in Migration
def change
  add_money :products, :optional_price, amount: { null: true, default: nil }

# now blank assignments are permitted
product.optional_price = nil # returns without errors
product.optional_price # => nil
product.optional_price_cents # => nil

Allow large numbers

If you foresee that you will be saving large values (range is -2147483648 to +2147483647 for Postgres), increase your integer column limit to bigint:

def change
  change_column :products, :price_cents, :integer, limit: 8

Numericality validation options

You can also pass along numericality validation options such as this:

monetize :price_in_a_range_cents, :allow_nil => true,
  :numericality => {
    :greater_than_or_equal_to => 0,
    :less_than_or_equal_to => 10000

Or, if you prefer, you can skip validations entirely for the attribute. This is useful if chosen attributes are aggregate methods and you wish to avoid executing them on every record save.

monetize :price_in_a_range_cents, :disable_validation => true

You can also skip validations independently from each other by simply passing false to the validation you are willing to skip, like this:

monetize :price_in_a_range_cents, :numericality => false

Mongoid 2.x and 3.x

Money is available as a field type to supply during a field definition:

class Product
  include Mongoid::Document

  field :price, type: Money

obj =
# => #<Product _id: 4fe865699671383656000001, _type: nil, price: nil>

# => nil

obj.price =, 'EUR')
# => #<Money cents:100 currency:EUR>

#=> #<Money cents:100 currency:EUR>
# => true

# => #<Product _id: 4fe865699671383656000001, _type: nil, price: {:cents=>100, :currency_iso=>"EUR"}>

#=> #<Money cents:100 currency:EUR>

## You can access the money hash too:
# => {:cents=>100, :currency_iso=>"EUR"}

The usual options on field as index, default, ..., are available.

Method conversion

Method return values can be monetized in the same way attributes are monetized. For example:

class Transaction < ActiveRecord::Base

  monetize :price_cents
  monetize :tax_cents
  monetize :total_cents
  def total_cents
    return price_cents + tax_cents


Now each Transaction object has a method called total which returns a Money object.


money-rails supports a set of options to handle currencies for your monetized fields. The default option for every conversion is to use the global default currency of the Money library, as given in the configuration initializer of money-rails:

# config/initializers/money.rb
MoneyRails.configure do |config|

  # set the default currency
  config.default_currency = :usd


If you need to set the default currency on a per-request basis, such as in a multi-tenant application, you may use a lambda to lazy-load the default currency from a field in a configuration model called Tenant in this example:

# config/initializers/money.rb
MoneyRails.configure do |config|

  # set the default currency based on client configuration
  config.default_currency = -> { Tenant.current.default_currency }

In many cases this is not enough, so there are some other options to meet your needs.

Model Currency

You can override the global default currency within a specific ActiveRecord model using the register_currency macro:

# app/models/product.rb
class Product < ActiveRecord::Base

  # Use EUR as model level currency
  register_currency :eur

  monetize :discount_subunit, :as => "discount"
  monetize :bonus_cents


Now and product.bonus will return a Money object using EUR as their currency, instead of the default USD.

(This is not available in Mongoid).

Attribute Currency (:with_currency)

By passing the option :with_currency to the monetize macro call, with a currency code as its value, you can define a currency in a more granular way. This will you attach the given currency only to the specified monetized model attribute (allowing you to, for example, monetize different attributes of the same model with different currencies.).

This allows you to override both the model level and the global default currencies:

# app/models/product.rb
class Product < ActiveRecord::Base

  # Use EUR as the model level currency
  register_currency :eur

  monetize :discount_subunit, :as => "discount"
  monetize :bonus_cents, :with_currency => :gbp


In this case product.bonus will return a Money object with GBP as its currency, whereas # => EUR

Instance Currencies

All the previous options do not require any extra model fields to hold the currency values. If the currency of a field will vary from one model instance to another, then you should add a column called currency to your database table and pass the option with_model_currency to the monetize macro.

money-rails will use this knowledge to override the model level and global default values. Non-nil instance currency values also override attribute currency values, so they have the highest precedence.

class Transaction < ActiveRecord::Base

  # This model has a separate currency column
  attr_accessible :amount_cents, :currency, :tax_cents

  # Use model level currency
  register_currency :gbp

  monetize :amount_cents, with_model_currency: :currency
  monetize :tax_cents, with_model_currency: :currency


# Now instantiating with a specific currency overrides
# the model and global currencies
t = => 2500, :currency => "CAD")
t.amount ==, "CAD") # true

Configuration parameters

You can handle a bunch of configuration params through money.rb initializer:

MoneyRails.configure do |config|

  # To set the default currency
  # config.default_currency = :usd

  # Set default bank object
  # Example:
  # config.default_bank =

  # Add exchange rates to current money bank object.
  # (The conversion rate refers to one direction only)
  # Example:
  # config.add_rate "USD", "CAD", 1.24515
  # config.add_rate "CAD", "USD", 0.803115

  # To handle the inclusion of validations for monetized fields
  # The default value is true
  # config.include_validations = true

  # Default ActiveRecord migration configuration values for columns:
  # config.amount_column = { prefix: '',           # column name prefix
  #                          postfix: '_cents',    # column name  postfix
  #                          column_name: nil,     # full column name (overrides prefix, postfix and accessor name)
  #                          type: :integer,       # column type
  #                          present: true,        # column will be created
  #                          null: false,          # other options will be treated as column options
  #                          default: 0
  #                        }
  # config.currency_column = { prefix: '',
  #                            postfix: '_currency',
  #                            column_name: nil,
  #                            type: :string,
  #                            present: true,
  #                            null: false,
  #                            default: 'USD'
  #                          }

  # Register a custom currency
  # Example:
  # config.register_currency = {
  #   :priority            => 1,
  #   :iso_code            => "EU4",
  #   :name                => "Euro with subunit of 4 digits",
  #   :symbol              => "€",
  #   :symbol_first        => true,
  #   :subunit             => "Subcent",
  #   :subunit_to_unit     => 10000,
  #   :thousands_separator => ".",
  #   :decimal_mark        => ","
  # }

  # Specify a rounding mode
  # Any one of:
  # BigDecimal::ROUND_UP,
  # BigDecimal::ROUND_DOWN,
  # BigDecimal::ROUND_HALF_UP,
  # BigDecimal::ROUND_HALF_DOWN,
  # BigDecimal::ROUND_HALF_EVEN,
  # BigDecimal::ROUND_CEILING,
  # BigDecimal::ROUND_FLOOR
  # set to BigDecimal::ROUND_HALF_EVEN by default
  # config.rounding_mode = BigDecimal::ROUND_HALF_UP

  # Set default money format globally.
  # Default value is nil meaning "ignore this option".
  # Example:
  # config.default_format = {
  #   :no_cents_if_whole => nil,
  #   :symbol => nil,
  #   :sign_before_symbol => nil
  # }
  • default_currency: Set the default (application wide) currency (USD is the default)
  • include_validations: Permit the inclusion of a validates_numericality_of validation for each monetized field (the default is true)
  • register_currency: Register one custom currency. This option can be used more than once to set more custom currencies. The value should be a hash of all the necessary key/value pairs (important keys: :priority, :iso_code, :name, :symbol, :symbol_first, :subunit, :subunit_to_unit, :thousands_separator, :decimal_mark).
  • add_rate: Provide custom exchange rate for currencies in one direction only! This rate is added to the attached bank object.
  • default_bank: The default bank object holding exchange rates etc. (
  • default_format: Force Money#format to use these options for formatting.
  • amount_column: Provide values for the amount column (holding the fractional part of a money object).
  • currency_column: Provide default values or even disable (present: false) the currency column.
  • rounding_mode: Set Money.rounding_mode to one of the BigDecimal constants


For examples below, @money_object == <Money fractional:650 currency:USD>

Helper Result
currency_symbol <span class="currency_symbol">$</span>
humanized_money @money_object 6.50
humanized_money_with_symbol @money_object $6.50
money_without_cents @money_object 6
money_without_cents_and_with_symbol @money_object $6


humanized_money and humanized_money_with_symbol will not render the cents part if it contains only zeros, unless config.no_cents_if_whole is set to false in the money.rb configuration (default: true). Note that the config.default_format will be overwritten by config.no_cents_if_whole. So humanized_money will ignore config.default_format = { no_cents_if_whole: false } if you don't set config.no_cents_if_whole = false.


If you use Rspec there is a test helper implementation. Just write require "money-rails/test_helpers" in spec_helper.rb.

  • the monetize matcher monetize(:price)

This will ensure that a column called price_cents is being monetized. monetize(:price).allow_nil

By using allow_nil you can specify money attributes that accept nil values. monetize(:price).as(:discount_value)

By using as chain you can specify the exact name to which a monetized column is being mapped. monetize(:price).with_currency(:gbp)

By using the with_currency chain you can specify the expected currency for the chosen money attribute. (You can also combine all the chains.)

For examples on using the test_helpers look at test_helpers_spec.rb

Supported ORMs/ODMs

  • ActiveRecord (>= 3.x)
  • Mongoid (2.x, 3.x)

Supported Ruby interpreters

  • MRI Ruby >= 1.9.2

You can see a full list of the currently supported interpreters in travis.yml



  1. Fork the repo
  2. Run the tests
  3. Make your changes
  4. Test your changes
  5. Create a Pull Request

How to run the tests

Our tests are executed with several ORMs - see Rakefile for details. To install all required gems run rake spec:all That command will take care of installing all required gems for all the different Gemfiles and then running the test suite with the installed bundle.

You can also run the test suite against a specific ORM or Rails version, rake -T will give you an idea of the possible task (take a look at the tasks under the spec: namespace).

If you are testing against mongoid, make sure to have the mongod process running before executing the suite, (E.g. sudo mongod --quiet)



MIT License. Copyright 2012-2014 RubyMoney.