Help with Price Editor

[Daniel Carrera]

Thanks. I think I can remember that. At least that gives me a way to 
think about it so I'll understand it.

Cheers,
Daniel.

Robert Ramsdell wrote:
> Daniel,
> 
> Think of it like a share of stock.  The price editor is telling you the
> value of a GBP in CAN, so 1 GBP = <price> CAD.
> 
> Robert
> 
> On Wed, 2008-06-11 at 15:57 +0200, Daniel Carrera wrote:
>> 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.
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> 
>