currency linked to a stock

[Sébastien de Menten]

On Sat, Dec 20, 2014 at 2:19 PM, Herbert Thoma <
herbert.thoma at iis.fraunhofer.de> wrote:
>
> Am 17.12.2014 23:53, schrieb Sébastien de Menten:
>
>> On Yahoo! Finance, there are multiple symbols for Yahoo! Inc in function
>> of
>> the exchange (YHOO for Nasdaq, YHOO.BA for buenos aires, YHO.DE. For
>> XETRA,...).
>>
>
> YHOO on Nasdaq would presumably by the "original" stock in USD. For
> YHOO.BA you would get a price in Argentinian Pesos (?), for YHO.DE
> a price in Euro. Right?

yes indeed (at least, that is what yahoo finance gives).

>
>
>  Should all these "stocks" be the same commodity in GnuCash (with then
>> multiples prices in function of the currency) ? Or should they be
>> different
>> commodities (with different namespaces) ? And if I have a brokerage
>> account
>> to trade stocks, can I buy the yahoo stock on Nasdaq and sell it back on
>> XETRA ? Or should I be a bank/trader to be able to do that ? (I haven't
>> gone farther than sell/buy stock to/from the same exchange for my personal
>> use)
>>
>
> In Germany we have not only Xetra but also regional stock exchanges (at
> least
> Frankfurt, Munich, Stuttgart, Hamburg, Düsseldorf and Berlin). If I buy or
> sell
> stocks with my broker I can choose which exchange to use. Of course in this
> example all prices would be in Euro. I can select NYSE and a number of
> other
> exchanges as well. I never tried this, but I expect it to work (at higher
> fees
> than local exchanges ...).
>
> For different international exchanges the treatment would depend on weather
> it is really the same thing on the different exchanges. In some cases not
> the
> real stock is traded on foreign exchanges, but so called GDRs
> (http://en.wikipedia.org/wiki/Global_depository_receipt). These would be
> different to the real shares, IMHO. But your YHO.DE example seems to be
> the
> real stock.
>
> it makes sense ! For physical commodities (e.g. coal) the location is
important and so we have different coal commodities in gnucash (1 per
location), correct ?

 I thought there would be different stocks in GnuCash and that a stock would
>> have a single currency. Now, the example of the Cheddar is a bit stretched
>> as it looks more similar to "I buy a house in CAD and sell it back in USD"
>> (ie it could be considered as an asset/account and not as a commodity).
>> If one was to manage import/export of goods in multiple currencies (ie not
>> through an exchange), would it use "commodities" to do so in GnuCash (one
>> commodity per type of cheese (or type of electronic material or type
>> of clothes) ?
>>
>
> Why do you make a distinction between commodity and asset? A commodity is a
> subclass of asset, IMHO. (Even cash is a subclass of asset.) And it does
> not
> have a fixed currency attached to it.
>
> The commodity is the unit of the account. If the asset is a house (usually
unique), we would model the ownership of the house as a specific account
with a currency as 'commodity'. If the asset is stock (not unique, like
money), we would model the ownership of the stock as a a stock account with
a stock as 'commodity'. It is in this sense I wrote that House <> commodity.


> In Germany we switched from DEM to EUR. So from one day to the next all my
> stocks had new prices in EUR. But they still were just the same stocks.
> The same way I can buy a share of Intel for 30 EUR on Xetra and sell it
> on Nasdaq for 35 USD.
>
> yes, indeed.