FX Rates

[Frank H. Ellenberger]

Hi Ken,

Am Donnerstag, 6. Januar 2011 um 20:58:00 schrieb Ken:
> In fact, if a developer is reading this, how difficult would it be for
> GnuCash to make a "single conversion jump"?

It would produre conflicts. Example:
Having 100 GBP, you buy USD at the rate of 1.5 USD/GBP and get USD 150.
Now you change them back at the rate of 0.6 GBP/USD and get GBP 90.
With your single conversion jump you get 1 GBP = 0.9 GBP, q.e.d.

Commodity trading is *not* linear algebra but graph theory.

Regards
Frank