tag:infinitekind.tenderapp.com,2009-01-14:/discussions/investments/4436-multi-currency-investment-account-denominated-in-home-currencyInfinite Kind: Discussion 2019-08-12T21:40:23Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/472602452019-05-13T20:41:14Z2019-05-13T20:41:14ZMulti currency Investment account denominated in home currency<div><p>I am not support staff, just a user.</p>
<p>Moneydance can handles securities quoted in foreign currencies with prices stored in that currency in the associated security history window. Done that way some areas of Moneydance report the price in the foreign currency other use the relevant exchange rate to convert to the base currency of the data set.<br>
The free third-party Quote Loader will obtain security prices in their quoted currencies as well as obtaining exchange rates to fulfil the above approach.<br>
You can also do what I think you are describing, set all securities up in the base currency and let Quote Loader do the conversion from the quoted currency to the base currency using the relevant exchange rate. Quote Loader detects that the Quoted Price and the Security history in Moneydance are different and does the currency conversion automatically before storing the prices in the security history window.</p>
<p>For information on Quote Loader see post 145 at <a href="https://infinitekind.tenderapp.com/discussions/investments/4039-quote-loader-securitycurrency-price-loader-for-moneydance-2019/page/5#comment_47212882">https://infinitekind.tenderapp.com/discussions/investments/4039-quo...</a></p>
<p>Download the PDF attached to post 145 and have a read. On page 1 of the PDF is a link to a YouTube video that will give you an overview of how the Quote Loader works.</p>
<p>Any questions just post.</p>
<p>Hope this helps.</p></div>derekkent23tag:infinitekind.tenderapp.com,2009-01-14:Comment/472602452019-05-13T21:34:44Z2019-05-13T21:34:44ZMulti currency Investment account denominated in home currency<div><p>I'm a fellow user.</p>
<p>The generally accepted method is to work with securities in their native currency and when reporting allow Moneydance to do a point in time conversion to the base currency in the reports produced.</p>
<p>If you convert everything to the base currency with each transaction you are building in exchange rate movements into the values which is generally not what is desired.</p></div>dwg