Foreign currency

visuramasamy's Avatar

visuramasamy

04 Feb, 2023 12:58 AM

Hi,

I have a peculiar issue when entering transactions in the register. The account is in USD, and the transaction is recorded in USD. However when i record the transaction, it automatically pops up a currency conversion rate and payment amount in a different currency (I don't know which). Is there any way to stop this from happening automatically?

  1. 1 Posted by dwg on 04 Feb, 2023 02:07 AM

    dwg's Avatar

    What currency is the category you are assigning the transaction to in?

  2. 2 Posted by visuramasamy on 04 Feb, 2023 03:06 AM

    visuramasamy's Avatar

    Omg.. I didn't realise that the categories have currency fields.

    So now I know what the problem is. The category is in a different currency.

    Next question then. I tried to change the currency of the category, but it
    is greyed out.

    How do I go about doing it?

    Thanks.

  3. 3 Posted by dwg on 04 Feb, 2023 03:38 AM

    dwg's Avatar

    Moneydance will not allow you to change the currency since the software has no way of converting existing amounts to the value in the new currency.

    The Toolbox Extension will allow you to force the currency change but will naturally not do any conversions of existing amounts so only the currency designation is changed.

  4. 4 Posted by visuramasamy on 04 Feb, 2023 03:52 AM

    visuramasamy's Avatar

    Thank you. I guess I'll live with the previous transactions.

    Will use the extension to change the currency so that new transactions from
    now on are correct.

    Thanks again.

  5. 5 Posted by dwg on 04 Feb, 2023 04:10 AM

    dwg's Avatar

    Or create a new category in the new currency.

  6. System closed this discussion on 06 May, 2023 04:20 AM.

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