foreign currency

Kyle Rudden's Avatar

Kyle Rudden

14 Jan, 2025 04:44 PM

Hi
My reporting currency is the Trinidad & Tobago dollar TTD or TT$. It is about 1 USD = 6.8 TTD
Most of my accounts are denominated in TTD, but I have some USD accounts.
When I set up a USD Visa card, choosing USD as currency, it is treating it as if the amounts are in TTD, no conversion going on.
The currency sign in the sidebar is $, as opposed to TT$.
But it is summing using a conversion rate of 1.
Please advise.

  1. 1 Posted by derekkent23 on 15 Jan, 2025 08:34 AM

    derekkent23's Avatar

    I am not support staff, just a user.
    Hi Kyle Rudden

    If you open the Currency/Security History window TOOLS – CURRENCY and select US Dollars do you see its exchange rates? See screenshot. These rates were obtained by using the extension Quote Loader.

    As a test I set up a Data Set with a base Currency of TT$. A Current Bank Account TT$ A Credit Card Account in USD. I then did a Transfer of 50 USD from Current account to Credit Card account and the transfer used the correct exchange rate. See Screenshot

    Hope this helps.

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