Multi-Currencies in GnuCash, Vol 79, Issue 28

[rsbrux at yahoo.com]

Thanks, Fred!
Sounds like I don't have anything to worry about, after all!


--- On Thu, 10/22/09, Fred Bone <Fred.Bone at dial.pipex.com> wrote:

From: Fred Bone <Fred.Bone at dial.pipex.com>
Subject: Re: gnucash-user Digest, Vol 79, Issue 28
To: "rsbrux at yahoo.com" <rsbrux at yahoo.com>
Cc: gnucash-user at gnucash.org
Date: Thursday, October 22, 2009, 7:57 PM

On 22 October 2009 at 7:54, rsbrux at yahoo.com said:

[...]
> Here is an attempt to clarify at least *my* requirements.
[...]

> 2) I sometimes need to transfer cash between accounts with differing
> denominations.  The transfer will take place at a rate determined by
> the financial institution(s) involved, so I must be able to specify the
> conversion rate on a per-transaction basis.  Of course, it would be
> nice if the balancing entry were automatically calculated (as a first
> approximation) using the rate quoted on the day of the transaction, as
> I often don't find out until later what rate was actually used.  IAC, I
> need the ability to override the quoted rate both when entering the
> transaction and after the fact.

Can't see any material difference between this and the following.

> 3) As already mentioned on this list, I sometimes charge purchases in a
> currency foreign to the credit card being used (e.g. purchases in Euro
> or US$ on a Swiss credit card).  In this case, I will only find out
> what rate was applied on receiving the credit card statement.

This is very easy. Gnucash will default to the most recent rate it can
find, though I must admit I haven't verified this exactly. I normally
override to my "best guess" for the conversion rate, and when I get the
relevant statement I adjust the transaction to match.