[GNC] Foreign Currencies in one account

[D]

If the extent of the transactions is small, a separate spreadsheet might suffice, but I imagine it wouldn't scale much, if at all.

As I have reached the point in my life where I try not to focus on small balance differences between friends, I might not be the one to advise you here. Perhaps someone else has a more structured method to suggest...

Best, 
David

On January 27, 2020, at 8:39 PM, Marcell Madar <madarmarci at gmail.com> wrote:

David,

That's what I was thinking for simplicity, too.
However, we have to keep track of the exact CAD amounts.
How should we do that? In a separate spreadsheet? 

At the end, we have to account for the exchange gain/(loss).
If he puts in 5,000 CAD (1,000,000 HUF @ 200HUF/CAD), he wants 5000CAD back.
That amount might be 1,050,000HUF in one year if rate increases to
210HUF/CAD.

Should we just have an "exchange gain" account where we can account for the
changes in exchange rate?

Marci



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