Automatic currency conversion

David Mitchell's Avatar

David Mitchell

08 Aug, 2019 09:29 AM

My home currency is Hong Kong dollars bur receive rent in Australian dollars and pay loans in AUD. Is it possible for the budget tool to automatically convert AUD to HKD?

  1. Support Staff 1 Posted by Maddy on 08 Aug, 2019 09:46 AM

    Maddy's Avatar

    Hi David,
    Thank you for contacting Moneydance support.

    In Moneydance it is only possible to assign one base currency to an account.
    In your case you will need to choose the currency that is most in use e.g: Australian Dollars or that you generally use as the base currency.
    To enter transactions with different currencies into the account, you will need to create categories that use the other currencies as a base currency.

    The steps of entering different currency transactions:
    Enter transaction, assign the correct currency category, this will unlock the foreign amount area in the transaction and display the exchange rate, lastly save the transaction.

    For further details, please refer to these articles:
    Create, Edit or Delete Currencies Cross-Currency Transactions

    I hope this information is helpful. Please let me know if you have further questions or need any assistance.

    --
    Maddy, Infinite Kind Support

  2. System closed this discussion on 07 Nov, 2019 09:50 AM.

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