exchange rates

[paolo palmerini]

dear all,
i wrote some time ago about a possible integration of gnucash into my 
organisation's administrative system. should anyone be interested in 
knowing more, we are actually very close to finalise this process that 
will eventually lead to using gnucash as the main accounting software in 
7+1 different countries, with 3 different working languages and about 10 
working different currencies. hoping that it will work, i thought this 
could be a nice case-study to showcase if needed. i am available to 
provide more details if anyone is interested.

coming to the topic of my post, we still have a few number of issues 
pending which we would like to clarify before starting the deployment. 
the main one is about the way exchange rates are dealt with within gnucash.

i am sure i am missing something basic here but i do not see clearly 
what is the relationship between the rates appearing in the pricedb - 
through the price editor - and the rates inserted manually in each 
transaction involving different currencies. more precisely my questions are:

1. is it possible to set the same exchange rate between two currencies 
for all transactions involving the two currencies within a user defined 
time interval?

2. if, as i fear, the answer to the above is no, then we need to handle 
each transaction separately, right? but then what would be the impact of 
any value inserted into the pricedb through the price editor? i seem to 
be able to insert values in the pricedb (same date, same currency) which 
do not correspond to the value in the transaction without getting any 
error form gnucash. how is that possible?

what am i missing?

i am not sure i have managed to express my doubts, so i would appreciate 
even more any form of clarification.
thanks in advance
p.


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...and my podcast
[http://www.palmerini.org/podkasbaht]