[GNC] currency of "value" in stock account

[Derek Atkins]

Hi,

On Tue, November 9, 2021 12:04 pm, Lionel Élie Mamane wrote:
> On Tue, Nov 09, 2021 at 07:31:08AM -0500, Derek Atkins wrote:
>> On Tue, November 9, 2021 6:41 am, Lionel Élie Mamane wrote:
[snip]
>> It is the currency of the parent account.  So in this case it would
>> be the currency of Assets:Investments.
>
> OK, thanks.
>
>>> There seems to something strange going on, because I enter, in basic
>>> ledger mode,
>
>>> account: assets:current assets:some bank account
>>> shares: 5
>>> Price: 21
>
>>> But in the "assets:current assets:some bank account" ledger,
>>> both splits of that transaction have an empty amount :-|
>
>> Let me guess -- Assets:Current Assets:Some Bank Account uses a
>> different currency than Assets:Investments, right?
>
> Yes. Shouldn't I then get the pop-up dialog asking me the exchange
> rate to use? Like I do when transferring between

No.  That only appears on a non-stock register because you don't have
access to the both parts (amount and value) of the split.  In the stock
account, however, you *DO* have access to both sides -- so if you expand
out the transaction you don't need the exchange-rate dialog.

HOWEVER.... If your stock is in EUR then you should use a EUR bank; if
it's in USD then you should use a USD bank.  If you've got a stock denoted
in USD but you're buying or selling using EUR, then I suspect you're
actually sending EUR to the US Brokerage who is translating it to USD and
then buying your stocks.  In this case, you should transfer from your EUR
Bank to the USD Brokerage, perform your EUR->USD exchange, and then use
the Brokerage (Cash) account to buy the stocks.

> Assets:Current Assets:EUR Bank Account
> and
> Assets:Current Assets:USD Bank Account

I'm not sure how this applies here.

When you create these transactions, are you creating them from the stock
account or the bank account.

Unless the logic has changed (which is certainly possible), it should take
the brokerage currency.

Regardless, taking a stock between currencies like you're attempting to do
is just going to lead you to madness.  What brokerage are you using that
lets you buy a stock in USD and sell it in EUR without using an
intermediary cash account?

-derek

-- 
       Derek Atkins                 617-623-3745
       derek at ihtfp.com             www.ihtfp.com
       Computer and Internet Security Consultant