Help with Price Editor

[Daniel Carrera]

Hello,

I don't really understand the price editor. Suppose it says:

GBP (British Pound) - CAD - <date> - <price>

Does this mean that:

1 GBP = <price> CAD

Or that:

1 CAD = <price> GBP

?


Suppose my reporting currency is CAD, and I want to include the price of 
GBP and EUR. There are two ways that the price editor could look like, 
and I don't know which one is the right one:

Option 1:
---------
CURRENCY
   > GBP
     > GBP (British Pound) - CAD - <date> - <price>
   > EUR
     > EUR (Euro) - CAD - <date> - <price>


Option 2:
---------
CURRENCY
   > CAD
     > CAD (Canadian Dollar) - GBP - <date> - <price>
     > CAD (Canadian Dollar) - EUR - <date> - <price>


Which one is right?

If I want to take a bank account in EUR and have a total asset value 
expressed in CAD, which one do I want? Which one do you use to convert 
Euros to Canadian dollars?

Thanks for the help. I have to say that I'm mighty confused by the price 
editor. But I'll have to figure it out soon because now I want to start 
adding stocks as well. Things will get more complicated when I buy 
stocks. I want to buy some stocks that are sold in US dollars, but I 
want to report my total assets in Canadian dollars.

Please help.

Best,
Daniel.