Sybase convert oddity

From: "rickpoleshuck@xxxxxxxxxxx" <rickpoleshuck@xxxxxxxxxxx>
Date: 11 Jul 2006 10:06:30 -0700

select convert(numeric(16,2), 5.325),convert(numeric(16,2), '5.325')

returns

5.32 5.33

I would like to understand the logic behind this behavior, if any.

.

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