Help with Price Editor

[Robert Ramsdell]

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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