diff --git a/Lib/test/test_decimal.py b/Lib/test/test_decimal.py
index 694b959..90f4015 100644
--- a/Lib/test/test_decimal.py
+++ b/Lib/test/test_decimal.py
@@ -4953,6 +4953,30 @@
         self.assertRaises(ValueError, get_fmt, 12345, invalid_dot, 'g')
         self.assertRaises(ValueError, get_fmt, 12345, invalid_sep, 'g')
 
+    def test_exact_conversion(self):
+        Decimal = C.Decimal
+        localcontext = C.localcontext
+        InvalidOperation = C.InvalidOperation
+
+        with localcontext() as c:
+
+            c.traps[InvalidOperation] = True
+
+            # Clamped
+            x = "0e%d" % sys.maxsize
+            self.assertRaises(InvalidOperation, Decimal, x)
+
+            x = "0e%d" % (-sys.maxsize-1)
+            self.assertRaises(InvalidOperation, Decimal, x)
+
+            # Overflow
+            x = "1e%d" % sys.maxsize
+            self.assertRaises(InvalidOperation, Decimal, x)
+
+            # Underflow
+            x = "1e%d" % (-sys.maxsize-1)
+            self.assertRaises(InvalidOperation, Decimal, x)
+
 
 all_tests = [
   CExplicitConstructionTest, PyExplicitConstructionTest,
diff --git a/Modules/_decimal/_decimal.c b/Modules/_decimal/_decimal.c
index 32e336b..ad3c3df 100644
--- a/Modules/_decimal/_decimal.c
+++ b/Modules/_decimal/_decimal.c
@@ -1935,7 +1935,7 @@
     mpd_maxcontext(&maxctx);
 
     mpd_qset_string(MPD(dec), s, &maxctx, &status);
-    if (status & (MPD_Inexact|MPD_Rounded)) {
+    if (status & (MPD_Inexact|MPD_Rounded|MPD_Clamped)) {
         /* we want exact results */
         mpd_seterror(MPD(dec), MPD_Invalid_operation, &status);
     }
@@ -2139,7 +2139,7 @@
         return NULL;
     }
 
-    if (status & (MPD_Inexact|MPD_Rounded)) {
+    if (status & (MPD_Inexact|MPD_Rounded|MPD_Clamped)) {
         /* we want exact results */
         mpd_seterror(MPD(dec), MPD_Invalid_operation, &status);
     }
diff --git a/Modules/_decimal/tests/deccheck.py b/Modules/_decimal/tests/deccheck.py
index aefbed6..c8da4d0 100644
--- a/Modules/_decimal/tests/deccheck.py
+++ b/Modules/_decimal/tests/deccheck.py
@@ -302,6 +302,7 @@
     dec = maxcontext.create_decimal(value)
     if maxcontext.flags[P.Inexact] or \
        maxcontext.flags[P.Rounded] or \
+       maxcontext.flags[P.Clamped] or \
        maxcontext.flags[P.InvalidOperation]:
         return context.p._raise_error(P.InvalidOperation)
     if maxcontext.flags[P.FloatOperation]: