Re: Managing stocks in foreign currencies
derek at ihtfp.com
Sat Oct 8 13:03:16 EDT 2016
Ensure the parent account of your newly created WMH.L account is an asset denoted in GBP.
Sent from my mobile device. Please excuse any typos.
----- Reply message -----
From: "Roman Decker" <roman.decker at gmail.com>
To: <gnucash-user at gnucash.org>
Subject: Managing stocks in foreign currencies
Date: Sat, Oct 8, 2016 12:18 PM
I'm trying to add a stock in a different currency than my default currency
into my gnucash portfolio. I've consulted the manual (
In 11.4.1, the manual shows an example of a simple foreign currency
purchase which I understand, the screenshots also look exactly like what
GnuCash shows me. However, in "11.4.2. Purchasing foreign stocks" - the
part I'm interested in - the screenshots now show a "Chart of Accounts"
instead of "Accounts" with different columns than what I have.
Ignoring the screenshots - from the text alone I'm not able to understand
how to best record a purchase - here's my exact situation (fictional
My default currency is EUR, but I have 1000 shares of the William Hill
Stock (WMH.L) which is quoted in GBP, not EUR. I now have added an extra
sub-account in Equity:Opening Balances which also uses GBP, to track where
the stocks came from (I've only just started using GnuCash and I've had the
stock for a while). I've already created the security for the WMH.L stock
and I'm able to fetch its current price via the price editor. What I would
like to have in my overview is the approximate current value of my shares
in EUR (calculated by the current stock price and the current EUR to GBP
exchange rate. Is this possible?
Thanks for the help - best regards,
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