Currency Issues

Les lelliott5 at gmail.com
Mon Sep 15 18:28:39 EDT 2014


On 09/15/2014 05:09 PM, John Ralls wrote:
> On Sep 15, 2014, at 12:15 PM, Les <lelliott5 at gmail.com> wrote:
>
>> On 09/15/2014 01:00 PM, John Ralls wrote:
>>> On Sep 15, 2014, at 10:04 AM, Les <lelliott5 at gmail.com> wrote:
>>>
>>>> Several days ago, I wrote to this list concerning problems regarding
>>>> exchange rates. (copy of email below).
>>>>
>>>> In that email, I used terms such as folders and I should have used
>>>> accounts and sub-accounts.  But the facts are still the same. 
>>>>
>>>> Could someone please assist in solving this problem?
>>>>
>>>> Thanks,
>>>> Les
>>>>
>>>> I have a bank with multiple currencies.  The primary currency for this
>>>> bank is HKD.  Within this account I have a folder "saving" and type is
>>>> cash.  Under "saving" is a folder "currency" with type cash and contains
>>>> several other folders: CNY, HKD, etc
>>>>
>>>> Everything works fine except CNY does not roll up properly (it does not
>>>> maintain an exchange rate for CNY:HKD).  Is there a way to solve this? 
>>>> Using LMDE v 1403 and GC 2.4.13.
>>> By “does not roll up properly”, do you mean that the amount shown in the Currency Total sums all of the values of the sub-accounts except CNY, or that it assumes a 1:1 exchange rate for CNY->HKD?
>>>
>>> Are you retrieving prices online, and do you have any prices in the Price database for CNY->HKD?
>>>
>>> Regards,
>>> John Ralls
>>>
>> I mean that the CNY:HKD does not work properly.  It appears that
>> exchange rate between these two currencies is 1:1.
>> I am retrieving prices online daily (week days).  I am receiving prices
>> for 8 currencies (including CNY and Hkd).
> Open Tools>Price Editor and in the list-box reveal CURRENCY and CNY. Make sure that those quotes are in HKD.
>
> If they’re not, I don’t know how to fix it. I just suspect that it might explain your problem.
>
> Regards,
> John Ralls
>
That is the issue; it is being priced in USD.
Thanks,


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