diff --git a/lib/PayPal/Api/Amount.php b/lib/PayPal/Api/Amount.php
index 877db80..5a90331 100644
--- a/lib/PayPal/Api/Amount.php
+++ b/lib/PayPal/Api/Amount.php
@@ -55,7 +55,7 @@ class Amount extends PPModel
     public function setTotal($total)
     {
         NumericValidator::validate($total, "Total");
-        $total = FormatConverter::formatToTwoDecimalPlaces($total);
+        $total = FormatConverter::formatToPrice($total, $this->getCurrency());
         $this->total = $total;
         return $this;
     }
diff --git a/lib/PayPal/Api/Cost.php b/lib/PayPal/Api/Cost.php
index 8813966..f6baf37 100644
--- a/lib/PayPal/Api/Cost.php
+++ b/lib/PayPal/Api/Cost.php
@@ -28,7 +28,7 @@ class Cost extends PPModel
     public function setPercent($percent)
     {
         NumericValidator::validate($percent, "Percent");
-        $percent = FormatConverter::formatToTwoDecimalPlaces($percent);
+        $percent = FormatConverter::formatToNumber($percent);
         $this->percent = $percent;
         return $this;
     }
diff --git a/lib/PayPal/Api/Currency.php b/lib/PayPal/Api/Currency.php
index cfbe165..c4018a6 100644
--- a/lib/PayPal/Api/Currency.php
+++ b/lib/PayPal/Api/Currency.php
@@ -51,7 +51,7 @@ class Currency extends PPModel
     public function setValue($value)
     {
         NumericValidator::validate($value, "Value");
-        $value = FormatConverter::formatToTwoDecimalPlaces($value);
+        $value = FormatConverter::formatToPrice($value, $this->getCurrency());
         $this->value = $value;
         return $this;
     }
diff --git a/lib/PayPal/Api/Details.php b/lib/PayPal/Api/Details.php
index 5d5c627..b03449e 100644
--- a/lib/PayPal/Api/Details.php
+++ b/lib/PayPal/Api/Details.php
@@ -36,7 +36,7 @@ class Details extends PPModel
     public function setShipping($shipping)
     {
         NumericValidator::validate($shipping, "Shipping");
-        $shipping = FormatConverter::formatToTwoDecimalPlaces($shipping);
+        $shipping = FormatConverter::formatToPrice($shipping);
         $this->shipping = $shipping;
         return $this;
     }
@@ -62,7 +62,7 @@ class Details extends PPModel
     public function setSubtotal($subtotal)
     {
         NumericValidator::validate($subtotal, "SubTotal");
-        $subtotal = FormatConverter::formatToTwoDecimalPlaces($subtotal);
+        $subtotal = FormatConverter::formatToPrice($subtotal);
         $this->subtotal = $subtotal;
         return $this;
     }
@@ -89,7 +89,7 @@ class Details extends PPModel
     public function setTax($tax)
     {
         NumericValidator::validate($tax, "Tax");
-        $tax = FormatConverter::formatToTwoDecimalPlaces($tax);
+        $tax = FormatConverter::formatToPrice($tax);
         $this->tax = $tax;
         return $this;
     }
@@ -115,7 +115,7 @@ class Details extends PPModel
     public function setFee($fee)
     {
         NumericValidator::validate($fee, "Fee");
-        $fee = FormatConverter::formatToTwoDecimalPlaces($fee);
+        $fee = FormatConverter::formatToPrice($fee);
         $this->fee = $fee;
         return $this;
     }
@@ -141,7 +141,7 @@ class Details extends PPModel
     public function setShippingDiscount($shipping_discount)
     {
         NumericValidator::validate($shipping_discount, "Shipping Discount");
-        $shipping_discount = FormatConverter::formatToTwoDecimalPlaces($shipping_discount);
+        $shipping_discount = FormatConverter::formatToPrice($shipping_discount);
         $this->shipping_discount = $shipping_discount;
         return $this;
     }
@@ -192,7 +192,7 @@ class Details extends PPModel
     public function setInsurance($insurance)
     {
         NumericValidator::validate($insurance, "Insurance");
-        $insurance = FormatConverter::formatToTwoDecimalPlaces($insurance);
+        $insurance = FormatConverter::formatToPrice($insurance);
         $this->insurance = $insurance;
         return $this;
     }
@@ -218,7 +218,7 @@ class Details extends PPModel
     public function setHandlingFee($handling_fee)
     {
         NumericValidator::validate($handling_fee, "Handling Fee");
-        $handling_fee = FormatConverter::formatToTwoDecimalPlaces($handling_fee);
+        $handling_fee = FormatConverter::formatToPrice($handling_fee);
         $this->handling_fee = $handling_fee;
         return $this;
     }
@@ -268,7 +268,7 @@ class Details extends PPModel
     public function setGiftWrap($gift_wrap)
     {
         NumericValidator::validate($gift_wrap, "Gift Wrap");
-        $gift_wrap = FormatConverter::formatToTwoDecimalPlaces($gift_wrap);
+        $gift_wrap = FormatConverter::formatToPrice($gift_wrap);
         $this->gift_wrap = $gift_wrap;
         return $this;
     }
diff --git a/lib/PayPal/Api/Item.php b/lib/PayPal/Api/Item.php
index 6814066..0faf5aa 100644
--- a/lib/PayPal/Api/Item.php
+++ b/lib/PayPal/Api/Item.php
@@ -113,7 +113,7 @@ class Item extends PPModel
     {
 
         NumericValidator::validate($price, "Price");
-        $price = FormatConverter::formatToTwoDecimalPlaces($price);
+        $price = FormatConverter::formatToPrice($price, $this->getCurrency());
         $this->price = $price;
         return $this;
     }
@@ -139,7 +139,7 @@ class Item extends PPModel
     public function setTax($tax)
     {
         NumericValidator::validate($tax, "Tax");
-        $tax = FormatConverter::formatToTwoDecimalPlaces($tax);
+        $tax = FormatConverter::formatToPrice($tax, $this->getCurrency());
         $this->tax = $tax;
         return $this;
     }
diff --git a/lib/PayPal/Common/FormatConverter.php b/lib/PayPal/Common/FormatConverter.php
index d52612c..e5db4b5 100644
--- a/lib/PayPal/Common/FormatConverter.php
+++ b/lib/PayPal/Common/FormatConverter.php
@@ -19,14 +19,56 @@ class FormatConverter {
     /**
      * Format the input data to two decimal places
      *
+     * @deprecated Use formatToNumber instead
      * @param $value
      * @return string
      */
     public static function formatToTwoDecimalPlaces($value)
+    {
+        return self::formatToNumber($value);
+    }
+
+    /**
+     * Format the input data with decimal places
+     *
+     * Defaults to 2 decimal places
+     *
+     * @param     $value
+     * @param int $decimals
+     * @return null|string
+     */
+    public static function formatToNumber($value, $decimals = 2)
     {
         if (trim($value) != null) {
-            return number_format($value, 2, '.', '');
+            return number_format($value, $decimals, '.', '');
         }
         return null;
     }
+
+    /**
+     * Helper method to format price values with associated currency information.
+     *
+     * It covers the cases where certain currencies does not accept decimal values. We will be adding
+     * any specific currency level rules as required here.
+     *
+     * @param      $value
+     * @param null $currency
+     * @return null|string
+     */
+    public static function formatToPrice($value, $currency = null)
+    {
+        $decimals = 2;
+        $currencyDecimals = array('JPY' => 0, 'TWD' => 0);
+        if ($currency && array_key_exists($currency, $currencyDecimals)) {
+            if (strpos($value, ".") !== false && (floor($value) != $value)) {
+                //throw exception if it has decimal values for JPY and TWD which does not ends with .00
+                throw new \InvalidArgumentException("value cannot have decimals for $currency currency");
+            }
+            $decimals = $currencyDecimals[$currency];
+        } else if (strpos($value, ".") === false) {
+            // Check if value has decimal values. If not no need to assign 2 decimals with .00 at the end
+            $decimals = 0;
+        }
+        return self::formatToNumber($value, $decimals);
+    }
 }
diff --git a/tests/PayPal/Test/Common/FormatConverterTest.php b/tests/PayPal/Test/Common/FormatConverterTest.php
index b425dbc..4b8c93f 100644
--- a/tests/PayPal/Test/Common/FormatConverterTest.php
+++ b/tests/PayPal/Test/Common/FormatConverterTest.php
@@ -12,7 +12,8 @@ use PayPal\Test\Validation\NumericValidatorTest;
 class FormatConverterTest extends \PHPUnit_Framework_TestCase
 {
 
-    public static function classMethodListProvider(){
+    public static function classMethodListProvider()
+    {
         return array(
             array(new Item(), 'Price'),
             array(new Item(), 'Tax'),
@@ -29,6 +30,14 @@ class FormatConverterTest extends \PHPUnit_Framework_TestCase
         );
     }
 
+    public static function CurrencyListWithNoDecimalsProvider()
+    {
+        return array(
+            array('JPY'),
+            array('TWD')
+        );
+    }
+
     public static function apiModelSettersProvider()
     {
         $provider = array();
@@ -62,6 +71,44 @@ class FormatConverterTest extends \PHPUnit_Framework_TestCase
 
     }
 
+    /**
+     * @dataProvider CurrencyListWithNoDecimalsProvider
+     */
+    public function testPriceWithNoDecimalCurrencyInvalid($input)
+    {
+        try {
+            FormatConverter::formatToPrice("1.234", $input);
+        } catch (\InvalidArgumentException $ex) {
+            $this->assertContains("value cannot have decimals for", $ex->getMessage());
+        }
+    }
+
+    /**
+     * @dataProvider CurrencyListWithNoDecimalsProvider
+     */
+    public function testPriceWithNoDecimalCurrencyValid($input)
+    {
+        $result = FormatConverter::formatToPrice("1.0000000", $input);
+        $this->assertEquals("1", $result);
+    }
+
+    /**
+     *
+     * @dataProvider \PayPal\Test\Validation\NumericValidatorTest::positiveProvider
+     */
+    public function testFormatToNumber($input, $expected)
+    {
+        $result = FormatConverter::formatToNumber($input);
+        $this->assertEquals($expected, $result);
+    }
+
+    public function testFormatToNumberDecimals()
+    {
+        $result = FormatConverter::formatToNumber("0.0", 4);
+        $this->assertEquals("0.0000", $result);
+    }
+
+
     public function testFormat()
     {
         $result = FormatConverter::format("12.0123", "%0.2f");
diff --git a/tests/PayPal/Test/Validation/NumericValidatorTest.php b/tests/PayPal/Test/Validation/NumericValidatorTest.php
index 09dcfdd..85cee40 100644
--- a/tests/PayPal/Test/Validation/NumericValidatorTest.php
+++ b/tests/PayPal/Test/Validation/NumericValidatorTest.php
@@ -10,6 +10,8 @@ class NumericValidatorTest extends \PHPUnit_Framework_TestCase
     public static function positiveProvider()
     {
         return array(
+            array(".5", "0.50"),
+            array(".55", "0.55"),
             array("0", "0.00"),
             array(null, null),
             array("01", "1.00"),