Odd behaviour in multicurrency txns
Adam Funk
a24061 at ducksburg.com
Mon Jul 22 09:52:58 EDT 2013
On 2013-07-19, Derek Atkins wrote:
> Fred,
>> A week ago I used a credit card to make a payment in EUR. When the
>> statement arrived this morning it showed that EUR34.80 had been charged
>> as GBP29.95 (1:1.1619) but the company is now levying a "non-Sterling
>> transaction fee" which in this case was GBP0.82.
> [snip]
>
> Do you really need to account for the expenses in EUR?
>
> What I do when I travel is record the foreign currency in the
> transaction description, but I keep all my accounts in my own currency
> (USD). My Credit Card is going to do the conversion for me, so really
> I see no need to add a Dining expense in every currency of every country
> I visit.
>
> I would recommend you do the same, unless you have a real good
> (i.e. legal) reason to record in the foreign currency.
I agree for the most part, although I do have credit cards in two
currencies & account for literal cash in several.
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