FX Rates

Derek Atkins warlord at MIT.EDU
Thu Jan 6 12:39:10 EST 2011


Ken <kmailuk at gmail.com> writes:

> What is the exchange rate logic in GnuCash? For example, if I have
> some price data for GBP/USD and EUR/USD for a number of dates, say 1st
> of each month, how does the program calculate the exchange rate for
> GBP/USD on, say, the 15th of a month? Can it calculate GBP/EUR given
> the other rates?

No.  It cannot jump currencies.

>    Does it understand USD/GBP to be the inverse of GBP/USD?

Yes, this it should be able to yes.

> Thanks,
> Ken


> On 24 January 2009 20:45, Mike Alexander <mta at umich.edu> wrote:
>> --On January 24, 2009 7:02:38 PM +0000 Ken <kmailuk at googlemail.com> wrote:
>>> Mike, would you have a moment to look at the sample file included to
>>> confirm this yourself and let me know whether you think another
>>> bugzilla needs to be opened for this (or whether I am simply doing
>>> something wrong--entirly possible as I am new to GnuCash from Quicken
>>> UK)?
>> I tried your sample file both with and without my patch and the patch fixes
>> it.  My sample file attached to the bug is essentially the same.
>>       Mike
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       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available

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