# is usually replaced by a number if it exists, and nothing if it is not. 0 will be replaced by a number if it exists, and zero if it does not match.
So, for the following formatting '## 00.00 ##' you will get the following results:
1 => 01.00
12.1 => 12.10
1234.5 => 1234.50
1.2345 => 01.2345
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