Inverted exchange rates.

[Chris Lyttle]

On Wed, 2002-11-20 at 20:49, deane@mjollnir.gooroos.com wrote:
> 
> 1) The transfer window seems to require inverted exchange rates.  For
>    example, I am transferring US$100 to CAD account and the exchange rate
>    that I got from the bank was 1.5 (i.e. each US$ bought me CAD 1.50).
>    But if I enter '1.5' into the exchange rate field of the transfer
>    window, it only credits my CAD account with CAD 666.67.  In other words,
>    it has *divided* the source amount by the exchange rate rather than
>    multiplying it.
> 

Actually this is because you are not using the correct rate. The
calculation GnuCash does is 'value = exchange-rate * amount'. If you go
to the following link;
http://finance.yahoo.com/m3?u

You'll see that to make an exchange from US$ to CAD$ the multiplier is
0.6306 (or thereabouts). When I input this into the Transfer dialog the
amount is correct.
(BTW 1.586 is the rate to change CAD$ to US$)
> 
> 2) As someone else has already mentioned, the amount being transferred
>    shows up in my CAD account as US dollars, which is very disconcerting.
>    I have the habit of putting "(USD)" at the end of all my US dollar
>    account names, so it's reasonably obvious what's going on, but for
>    someone who doesn't do that, it'll look like gnucash is making errors
>    because the numbers do not appear to add up properly.
> 
Yes this is a known bug. See
http://bugzilla.gnome.org/show_bug.cgi?id=99083
(Please checkout the bugs database so you're aware of reports and
possible add to the existing reports if possible rather than post them
here)
> 
> 3) Having made the transfer, is there any way to find out what exchange
>    rate was used, other than pulling out a calculator and doing it by hand?
> 

Not at the present time, though we were discussing just today ways we
could do this.

Chris
-- 
RedHat Certified Engineer #807302549405490.
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