Format Currency Problem

My database value for the format field is 1250. I would like to format that value as $12.50. Below is my code. Can someone please help, I am not able to get this straight.

field spec:
field name = prate
field datatype = number
decimal places = 0

<%response.write(formatcurrency(rs("prate"),2,-1)

I know my database setting and code is wrong, can someone please help.

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