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SPSS Dollar and Custom Currency Variable Type

Dollar Variable

In this section, we are going to learn the Dollar variable type. We know that Dollar is an American Currency. So it has been given a specific place in SPSS where we can define Dollar Currency. But we can also define other Currency types like custom Currency. So there are various formats for Dollar Currency listed right beginning from one Dollar to Dollar in decimals or millions or depending upon the amount of figure or maximum amount of figure that we want to enter in SPSS. We can select an appropriate Dollar Currency type for us.

So we are going to select an Income variable. Suppose we measure Income into Dollars, so turn it from Scientific to Dollar like this:

SPSS Dollar and Custom Currency Variable Type

In the following image, we can see a Dollar symbol before the Income variable.

SPSS Dollar and Custom Currency Variable Type

Custom Currency Variable Type

In this section, we are going to learn about the Custom Currency option. A Custom Currency option is a valuable option for customizing the Currency in the local format. As we saw above that, we can customize Dollar Currency. We can write the value directly into Dollar Currency in SPSS. But other Currency formats are not available. So that SPSS gives us certain custom options that we can see in the following image:

SPSS Dollar and Custom Currency Variable Type

We can see many options like CCA, CCB, CCC, CCD, and CCE in the above image. We can use them for customization. On the right-hand side, we can see a sample or preview offer Currency. Now, we will define the Currency, and that is going to be our Indian rupee. For this, we will take the Income variable, then go to the Edit menu, and then click on Options like this:

SPSS Dollar and Custom Currency Variable Type

Then we will see a Currency tab there, click on Currency, and again we can see all those currencies CCA, CCB, CCC, etc. like this

SPSS Dollar and Custom Currency Variable Type

Why so many Currencies, because we can work with multiple currencies like rupee, Dollar, and other types of currencies in a single data set. So we can customize more than one Currency. Again on the above image's right-hand side, we can see the preview of whatever Currency we define. So let's select the Currency CCA, and customize it for the Indian rupees symbol. So we type Prefix and Suffix for the Currency. Prefix appears before our value, so we will type Rs for Indian rupees. We can also write suffix for Indian rupees that will follow the value. But suffix is not recommended, because it will create confusion. So we can have a prefix, or we can have a suffix.

SPSS Dollar and Custom Currency Variable Type

Again, we can define Negative values as well for our Currency. For example, if it is a bank account, the account can also take a negative value. The person drops money more as compare to deposit. In this case, we can go for a Negative value like this:

SPSS Dollar and Custom Currency Variable Type

We have the Decimal Separators like Periods and Comma. Periods are generally more common in India and US, but in European countries, we will see the comma separator is more common. So we can select our separator and click Ok.

SPSS Dollar and Custom Currency Variable Type

If we click on the Data View option, we can see our Income appears in the format of Rs. prefix.

SPSS Dollar and Custom Currency Variable Type

To test, we can type and other value, and we will see again Rs. prefix without any entry

SPSS Dollar and Custom Currency Variable Type
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