Maddy on 29 Oct, 2019 11:41 AM
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 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.
For further details on creating categories, please refer to this article, "Create, edit or delete Categories "in the Knowledge Base.
It might be useful to see "Create, Edit or Delete Currencies" available here, as well.
3 - The steps for entering different currency transactions into E.g.: a Travel cash card:
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.
Finally, you should install the Quotes and Exchange Rates extension. To do this, choose Extensions --> Manage Extensions.
To update currency rates, you can use AlphaVantage or European Central Bank.
I hope this information is helpful. Please let me know if you have further questions or need any assistance.
Within an account or a category all transactions must be in the same currency, There is no way of differentiating between currencies on a individual transaction basis. There are two ways of dealing with this.
Firstly you can provide an exchange rate for the transaction if it is in a different currency.
Secondly you can create categories in selected currencies. When you have categories in different currencies the software when you create reports will convert the total of the category to the base currency using the echange rate on the date of the report.