[uf-new] Currency brainstorming
Guillaume Lebleu
gl at brixlogic.com
Fri Sep 28 09:24:48 PDT 2007
Frances Berriman wrote:
> Interesting. Would date/time sensitive money in the case of stocks
> and shares apply in this way too, do you think? Or would that be
> reliant on publish date of where the information is displayed? (Not
> that I know much about S&S, just occurred to me it's a much more
> common varying value)
>
IMO, we must conceptually distinguish the notion of *money amount* and
the notion of *price*. A money amount is an amount of a given number of
units of currency. A price is an equivalence relationship typically
between a money amount and another amount in any measurement unit. Some
prices are expressed without using currencies. Some prices are prices of
one currency in another one (as in 1 euro = 1.41 dollars).
The amount+unit is not a relation and does not change over time, and
does not have to be dated.
A price does change over time, and should be dated.
In Andy's example above, the date is not a property of the "hmoney"
class, but of a TBD "hprice" class.
Guillaume
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