diff --git a/src/Parser/ExponentialMoneyParser.php b/src/Parser/ExponentialMoneyParser.php
new file mode 100644
index 00000000..05b5d525
--- /dev/null
+++ b/src/Parser/ExponentialMoneyParser.php
@@ -0,0 +1,119 @@
+<?php
+
+namespace Money\Parser;
+
+use Money\Currencies;
+use Money\Currency;
+use Money\Exception\ParserException;
+use Money\Money;
+use Money\MoneyParser;
+use Money\Number;
+
+/**
+ * Parses an exponential string into a Money object.
+ *
+ * @example `2.8865798640254e+15`
+ *
+ * @author George Mponos <gmponos@gmail.com>
+ */
+final class ExponentialMoneyParser implements MoneyParser
+{
+    const EXPO_DECIMAL_PATTERN = '/^(?P<sign>-)?(?P<digits>0|[1-9]\d*)?\.?(?P<fraction>\d+)?[eE][-+]\d+$/';
+
+    const DECIMAL_PATTERN = '/^(?P<sign>-)?(?P<digits>0|[1-9]\d*)?\.?(?P<fraction>\d+)?$/';
+
+    /**
+     * @var Currencies
+     */
+    private $currencies;
+
+    /**
+     * @param Currencies $currencies
+     */
+    public function __construct(Currencies $currencies)
+    {
+        $this->currencies = $currencies;
+    }
+
+    /**
+     * {@inheritdoc}
+     */
+    public function parse($money, $forceCurrency = null)
+    {
+        if (!is_string($money)) {
+            throw new ParserException('Formatted raw money should be string, e.g. 1.00');
+        }
+
+        if (null === $forceCurrency) {
+            throw new ParserException(
+                'ExponentialMoneyParser cannot parse currency symbols. Use forceCurrency argument'
+            );
+        }
+
+        /*
+         * This conversion is only required whilst currency can be either a string or a
+         * Currency object.
+         */
+        $currency = $forceCurrency;
+        if (!$currency instanceof Currency) {
+            @trigger_error('Passing a currency as string is deprecated since 3.1 and will be removed in 4.0. Please pass a '.Currency::class.' instance instead.', E_USER_DEPRECATED);
+            $currency = new Currency($currency);
+        }
+
+        $expo = trim($money);
+        if ($expo === '') {
+            return new Money(0, $currency);
+        }
+
+        $subunit = $this->currencies->subunitFor($currency);
+
+        if (!preg_match(self::EXPO_DECIMAL_PATTERN, $expo, $matches) || !isset($matches['digits'])) {
+            throw new ParserException(sprintf(
+                'Cannot parse "%s" to Money.',
+                $expo
+            ));
+        }
+
+        $number = number_format($expo, $subunit, '.', '');
+        if (!preg_match(self::DECIMAL_PATTERN, $number, $matches) || !isset($matches['digits'])) {
+            throw new ParserException(sprintf(
+                'Cannot parse "%s" to Money.',
+                $expo
+            ));
+        }
+
+        $negative = isset($matches['sign']) && $matches['sign'] === '-';
+
+        $decimal = $matches['digits'];
+
+        if ($negative) {
+            $decimal = '-'.$decimal;
+        }
+
+        if (isset($matches['fraction'])) {
+            $fractionDigits = strlen($matches['fraction']);
+            $decimal .= $matches['fraction'];
+            $decimal = Number::roundMoneyValue($decimal, $subunit, $fractionDigits);
+
+            if ($fractionDigits > $subunit) {
+                $decimal = substr($decimal, 0, $subunit - $fractionDigits);
+            } elseif ($fractionDigits < $subunit) {
+                $decimal .= str_pad('', $subunit - $fractionDigits, '0');
+            }
+        } else {
+            $decimal .= str_pad('', $subunit, '0');
+        }
+
+        if ($negative) {
+            $decimal = '-'.ltrim(substr($decimal, 1), '0');
+        } else {
+            $decimal = ltrim($decimal, '0');
+        }
+
+        if ($decimal === '' || $decimal === '-') {
+            $decimal = '0';
+        }
+
+        return new Money($decimal, $currency);
+    }
+}
diff --git a/tests/Parser/ExponentialMoneyParserTest.php b/tests/Parser/ExponentialMoneyParserTest.php
new file mode 100644
index 00000000..9bd6ab28
--- /dev/null
+++ b/tests/Parser/ExponentialMoneyParserTest.php
@@ -0,0 +1,96 @@
+<?php
+
+namespace Tests\Money\Parser;
+
+use Money\Currencies;
+use Money\Currency;
+use Money\Exception\ParserException;
+use Money\Parser\ExponentialMoneyParser;
+use PHPUnit\Framework\TestCase;
+use Prophecy\Argument;
+
+final class ExponentialMoneyParserTest extends TestCase
+{
+    /**
+     * @dataProvider formattedMoneyExamples
+     * @test
+     */
+    public function it_parses_money($decimal, $currency, $subunit, $result)
+    {
+        $currencies = $this->prophesize(Currencies::class);
+
+        $currencies->subunitFor(Argument::allOf(
+            Argument::type(Currency::class),
+            Argument::which('getCode', $currency)
+        ))->willReturn($subunit);
+
+        $parser = new ExponentialMoneyParser($currencies->reveal());
+
+        $this->assertEquals($result, $parser->parse($decimal, new Currency($currency))->getAmount());
+    }
+
+    /**
+     * @dataProvider invalidMoneyExamples
+     * @test
+     */
+    public function it_throws_an_exception_upon_invalid_inputs($input)
+    {
+        $this->expectException(ParserException::class);
+
+        $currencies = $this->prophesize(Currencies::class);
+
+        $currencies->subunitFor(Argument::allOf(
+            Argument::type(Currency::class),
+            Argument::which('getCode', 'USD')
+        ))->willReturn(2);
+
+        $parser = new ExponentialMoneyParser($currencies->reveal());
+
+        $parser->parse($input, new Currency('USD'))->getAmount();
+    }
+
+    /**
+     * @group legacy
+     * @expectedDeprecation Passing a currency as string is deprecated since 3.1 and will be removed in 4.0. Please pass a Money\Currency instance instead.
+     * @test
+     */
+    public function it_accepts_only_a_currency_object()
+    {
+        $currencies = $this->prophesize(Currencies::class);
+
+        $currencies->subunitFor(Argument::allOf(
+            Argument::type(Currency::class),
+            Argument::which('getCode', 'USD')
+        ))->willReturn(2);
+
+        $parser = new ExponentialMoneyParser($currencies->reveal());
+
+        $parser->parse('2.8865798640254e+15', 'USD')->getAmount();
+    }
+
+    public function formattedMoneyExamples()
+    {
+        return [
+            ['2.8865798640254e+15', 'USD', 2, 288657986402540000],
+            ['2.8865798640254e-15', 'USD', 2, 0],
+            ['0.8865798640254e+15', 'USD', 2, 88657986402540000],
+            ['2.8865798640254e+15', 'JPY', 0, 2886579864025400],
+            ['2.8865798640254e-15', 'JPY', 0, 0],
+            ['0.8865798640254e+15', 'JPY', 0, 886579864025400],
+            ['-2.8865798640254e+15', 'USD', 2, -288657986402540000],
+            ['-2.8865798640254e-15', 'USD', 2, 0],
+            ['-0.8865798640254e+15', 'USD', 2, -88657986402540000],
+        ];
+    }
+
+    public static function invalidMoneyExamples()
+    {
+        return [
+            ['INVALID'],
+            ['2.00'],
+            ['2'],
+            ['0.02'],
+            ['.'],
+        ];
+    }
+}