[GNC-dev] book currency is what ... question mark

[Christian Kluge]

Am 17.02.2019 um 19:58 schrieb Wm via gnucash-devel:
> On 15/02/2019 01:44, David Cousens wrote:

>> If I start in Savings RUB , select the Savings EUR account and enter
>> 100 it
>> is assumed to be in RUB not EUR as GnuCash operates at present. This is
>> clear, both registers are balanced and it is clear that they are correct.
>>
>> I am presuming what you would like is to be able to start in the
>> Savings RUB
>> register, select the Savings EUR account, enter 100.00 as the amount and
>> have that interpreted as !00.00EUR, even though the register currency
>> is RUB
>> and then when you tab to the next line select Savings RUB have the
>> currency
>> dialog popup, enter or fetch the exchange rate, and then display the
>> amount
>> against the Savings RUB account in RUB. 
> 
> Nope.  I normally know the exact amounts at either end of significant
> tx, the exchange rate is implied from the numbers.  That *is* the right
> way of doing the accounting.

> You start with 100 of some currency and end up with 2300 of some other
> currency, the *valuation* is separate.

What about the situations you don’t know the exact numbers or if you’re
allowed to usage average exchange rates for tax accounting. The real
amount exchanged doesn’t matter there/will be sorted out with correcting
expense/income transaction.

It might be your so called valuation exercise, but it annoys me very
much that Finance::Quote doesn’t fetch the daily average quotes from the
ECB yet.

Often times with cash transactions it happens that people use simple
exchange rates which are nowhere near the actual rates. So I might be
paying 5 EUR for a service worth 20 PLN according to the receipt, so you
might assume that the exchange rate is 1 to 4, but the actual rates are
in a range of 1 to 4.2/4.3.

So unless we’re talking about bank transfers or exchanging real currency
there are situations where you’d want rates instead of the actual
amounts exchanged.

I also wanted to add that the bug with not being able to see the
currency exchange rates in the price list also effects me running 3.4
with the sqlite backend.

I can however add the rates to the list and they’re used in transactions
and listed on balance sheets if requested.

Kind regards

Christian Kluge