manual override for currency
Looking for help again - we are trying to get our account
balances in order after importing from Quicken and there seems to
be a problem in the accounts where we frequently move money from
Cdn $$ to US $$ and vice versa. It Quicken I would manually enter
the exchange rate we received and have had no problems. ,Moneydance
has put them in at different exchange rates and now our balances
our off. I need to be able to override the currency rate - how can
I do this.
Thanks ,
Janice
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1 Posted by Ben Spencer on 13 Jul, 2009 03:06 PM
Hi Janice
When you enter a transaction in an account that is not in the base currency to going to an account that is not in the base currency, you can manually enter the exchange rate. This is in the box directly under the payment box. See the attached screen shot.
Sincerely
Ben Spencer
2 Posted by rschutte on 13 Jul, 2009 03:34 PM
Thanks for your help Ben but I guess I should have been more explicit - I am trying to show funds in different currencies moving between investment accounts - is there a manual override for currency exchange these accounts. I tried putting the exchange rate in different fields but nothing seemed to work. And the base currency for the accounts is in the respective currencies. We have the Cdn account set up as a Cdn account base currency and the US account is based in US dollars. For example, we move $10,000 Cdn from our Cdn based account into our US based account and the result is 10, 100 US; but Moneydance is using some other exchange rate and throwing off our balances.
Thanks
Janice
3 Posted by Ben Spencer on 13 Jul, 2009 05:26 PM
Hi Janice
I a sorry I assumed you were refering to bank accounts.
It is not possible to manually override the exchange rate for an investment account transaction from from with in the transaction. However I believe that if you set the current exchange rate in the currency history before entering the transaction Moneydance will use that rater for the transaction.
Click Tools->"Currencies/Exchange Rates...'
Select the currency of interest.
Click "Edit..."
Enter a the rate you want to use in the Rate field.
Click New
Click Done
And then enter the transaction in the investment account.
I am sorry for this inconvenience of this.
Sincerely
Ben Spencer
4 Posted by rschutte on 13 Jul, 2009 06:46 PM
Hi Ben, thanks again. I knew there had to be a way to do that! Thanks, this did work - I had to delete the original transaction, manually enter the exchange rate as you described and then re-enter the transaction. It also took me a little while to realize that the currency I had to change was the US dollar rate. I guess because our accounts are based in Cdn - we change around this. (this is a little different thinking than most - we're always used to seeing the exchange rate the other way!)
Thanks, this is hopefully the last link in the puzzle to switch over from Quicken!
Janice
5 Posted by Hannu on 26 Jul, 2009 02:35 PM
I am suffering from the same issue and saw similar bug reports already from 2007. When can we expect this to be fixed also in investment accounts?
Best regards,
Hannu
6 Posted by Ben Spencer on 28 Jul, 2009 07:00 PM
Hi Hannu
Are you refering to bug reports in our issue tracking system located at moneydance.com/trac
If you are, please vote on the ticket to. The more votes the higher the priority we will give the issue.
Sincerely
Ben Spencer
7 Posted by Hannu on 30 Jul, 2009 10:05 PM
Hi Ben,
Actually I was referring to some threads on this:
http://moneydance.com/forum/YaBB.pl?board=international
Thanks for the info on bug tracking, I will try to find appropriate bug # and vote everyday :)
Hannu
8 Posted by Hannu on 30 Jul, 2009 10:44 PM
I spent some time looking at your ticket database and found the tickets #1613, #791 and #292 to be most relevant with my multi-currency problems. Also #1240, #683, #631, #536, #489 and #249 seemed to be somehow connected.
Have a good one,
Hannu
Angie Rauscher closed this discussion on 24 Jul, 2011 06:51 PM.