Questions about multiple currencies

[James Howard]

The procedure outlined in the GNUCash manual at gnucash.org is laborious
and complex.  Additionally, when you go through that process, there is
no coherence among currencies.  You have two (or more) net worths and
and similar number of profits, etc.

Let's assume that my default currency is USD and I want to purchase a
handful of EUR.  Why not create my EUR account as a stock account and
list my symbol as EURUSD=X and fetch the values from Yahoo!?  This allow
my holdings in other currencies to be automatically converted for
statements, etc.  Is there a downside to do this?

Jamie