[GNC] Unrealized gain/loss

[Norm Samuelson]

All of the money transfers are from CAD to USD, none in the other direction.  The USD amount is dependent on the exchange rate that day.  I am trying to understand how that creates an unrealized gain or loss, and how I could account for that gain or loss.

- Norm -

On August 22, 2025 6:42:44 AM PDT, Derek Atkins <derek at ihtfp.com> wrote:
>Hi,
>
>On Fri, August 22, 2025 9:34 am, Norm Samuelson wrote:
>> I am trying to understand unrealized gains and losses.  I deal with two
>> currencies, USD and CAD.  I found that some if not all of those are
>> related to transfers from CAD to USD.  My guess is that the loss or gain
>> is related to changes in the exchange rate.  Is that correct?
>
>Ye
>
>Let's say you buy CA$100 for US$70.  Then you sell CA$50 for US$40.
>You have "made" US$5 because those CA$50 were "bought" for US$35.
>You need to account for this gain in the transaction otherwise your
>balances will be off.
>
>Enjoy!
>
>> - Norm -
>
>-derek
>
>> Please remember to CC this list on all your replies.
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>
>-derek
>
>-- 
>       Derek Atkins                 617-623-3745
>       derek at ihtfp.com             www.ihtfp.com
>       Computer and Internet Security Consultant
>