Not sure if you need a fix for this anymore, but I just ran into the same problem and here's my solution:
$array = array(11.2200, 11.2000, 11.2340);
foreach($array as $x)
{
// CAST THE PRICE TO A FLOAT TO GET RID OF THE TRAILING ZEROS
$x = (float)$x
// EXPLODE THE PRICE ON THE DECIMAL (IF IT EXISTS)
$pieces = explode('.',$x);
// IF A SECOND PIECE EXISTS, THAT MEANS THE FLOAT HAS AT LEAST ONE DECIMAL PLACE
if(isset($pieces[1]))
{
// IF THE SECOND PIECE ONLY HAS ONE DIGIT, ADD A TRAILING ZERO TO FORMAT THE CURRENCY
if(strlen($pieces[1]) == 1)
{
$x .= '0';
}
}
// IF NO SECOND PIECE EXISTS, ADD A .00 TO IT TO FORMAT THE CURRENCY VALUE
else
{
$x .= '.00';
}
}