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IEEE 754 allows two alternative representation methods for decimal64 values. The standard does not specify how to signify which representation is used, for instance in a situation where decimal64 values are communicated between systems:
* In the [[#Binary integer significand field|binary representation method]], the 16-digit significand is represented as a binary coded positive integer, based on [[binary integer decimal]].
* In the [[#Densely packed decimal significand field|decimal representation method]], the 16-digit significand is represented as a decimal coded positive integer, based on [[densely packed decimal]]
Both alternatives provide exactly the same range of representable numbers: 16 digits of significand and 3×2<sup>8</sup> = 768 possible decimal exponent values. (All the possible decimal exponent values storable in a [[binary64]] number are representable in decimal64, and most bits of the significand of a binary64]] are stored keeping roughly the same number of decimal digits in the significand.)
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