kmailuk at gmail.com
Thu Jan 6 14:58:00 EST 2011
In fact, if a developer is reading this, how difficult would it be for
GnuCash to make a "single conversion jump"?
I would define a standard security price as zero jumps and if prices
exist (for example) on GBP/USD and EUR/USD then GBP/EUR would be a
single jump (including one inverse) where GBP/EUR = GBP/USD *
One might also imagine the possibility of more than one jump, but I
would guess that 1 jump would be useful in the vast majority of cases.
For instance, a user which only deals in one currency (i.e. a USD
investor who only tades USD stocks) would get by under the current 0
jump implementation. An investor who trades across different
currencies would need the possibility of a single jump. As long as FX
rates exist in the major currencies, one jump would allow for nearly
any security to be priced in any other currency. Only in a very rare
situation would one need more than one jump.
Is this possible to implement? Is there much demand for such a feature?
On 6 January 2011 17:55, Ken <kmailuk at gmail.com> wrote:
> Hi Derek,
> Say I have security IBM and store all the prices in USD and also
> maintain GBP/USD exchange rates. If I then want to generate a report
> in GBP, do I need to enter the GBP price of IBM?
> That is, I have IBM/USD and GBP/USD prices stored so the only way to
> get IBM/GBP would be for the exchange rate logic to allow for
> "jumping" between currencies. Do I need to maintain IBM prices in
> dollars and sterling?
> On 6 January 2011 17:39, Derek Atkins <warlord at mit.edu> wrote:
>> 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.
>>> 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
>>>> 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.
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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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