Using multi-currency balance -- setting exchange rate

[Derek Atkins]

"Kahlil Johnson" <jzarecta at gmail.com> writes:

> I am triyng to understand how the Asset expenses work. I have bank
> accounts on 2 different countries, I send a wired transfer from bank in
> Mexico to a bank in the US. I record the transaction as a Asset:Bank
> Account: Bank in USA, label as a decresea of x ammount in MXP.
>
> I have Bank in us as USD on currency however it shows as if the money from
> MXP had the same value as USD which is completely wrong.
>
> It might be that I dont have a currency exchange declared and is 1:1 by
> default.

Did you properly set the Account Currency when you created the accounts?
Once you've done that, you should be able to set the exchange rate.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
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