Currencies

Phil's Avatar

Phil

03 Nov, 2021 11:07 AM

My base currency is CHF, but I also use several other currencies, such as HKD, USD, UYU, etc.. Every time I enter a transaction in an investment account in a currency other than CHF (say in USD for example) MD overwrites the existing currency exchange, replacing it with 1 (in my example, suddenly 1 USD = 1 CHF replaces the correct 1.093 USD = 1 CHF), and I have to manually restore the previous exchange rate. How can I avoid this?
Thanks.

  1. 1 Posted by derekkent23 on 03 Nov, 2021 07:38 PM

    derekkent23's Avatar

    I am not support staff, just a user.
    Hi Phil

    First thing to check if you are working with foreign currencies in Moneydance correctly.
    The attached PDF is my notes on handling foreign currencies based on running Moneydance 2022,

    Hope this helps

  2. 2 Posted by Philippe Comtes... on 03 Nov, 2021 10:04 PM

    Philippe Comtesse's Avatar

    Thank you for your reply. I believe my accounts in different currencies are set up correctly. Actually, I don't have any problem with my bank accounts, each one with its own currency, nor with the categories (each one in the relevant currency, say Plane Tickets in EUR, Plane Tickets in USD, etc): everything is fine, and consolidates nicely in is my base currency (CHF) as graphs or reports if I need it. My problem is only with Investments accounts. Say I buy 10 AMZN stocks in USD; I record this in my USD investment account, but immediately the USD/CHF parity becomes 1 (1 USD = 1 CHF). Same if I buy stocks in HKD, and record them in my HKD investment account: immediately the parity HKD/CHF becomes 1 ( 1HKD = 1 CHF). I think this should not happen, and I'm trying to find a solution.
    On 03.11.2021 20:38:57, derekkent23 <[email blocked]> wrote:

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