understanding currency exchange...
Mike Alexander
mta at umich.edu
Fri Nov 13 23:49:54 EST 2015
--On November 11, 2015 at 5:12:38 PM -0800 John Ralls
<jralls at ceridwen.us> wrote:
> Multi-currency split view can be confusing. In split view in a
> currency account, the amounts shown in the register are in the open
> account’s currency — in the case of your
> Assets:Exchanges:Benjamin Brewer account, USD, so you should enter
> 500 in both, then set the rate to 9/10 in the transfer dialog, click
> OK, and complete the transaction. Switch to the Euro account and the
> transaction will show as being for €450. Analogous views for a
> bogus ATM withdrawal: Checking is USD, Cash—Euro is what it says.
This is correct if Trading Accounts are turned off, but not if they are
being used.
Mike
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