Cross-Currency Transactions
When a transaction occurs between an account in one currency and an account/category in a different currency, Moneydance will default to the current exchange rate.
When a cross-currency transaction is created, you'll see amounts are automatically populated into the "Rate" and "Foreign Amount" fields of the transaction (as shown in the screenshot below).
If you would like to use a different exchange rate -
- Enter any amount in the “Payment” or “Deposit” field of the transaction
(using the same currency as the account you're using). - Then enter the other currency amount in the “Foreign Amount” field
(directly below the "Deposit" field). - This will automatically update the amount displayed in the "Rate" field.
Your currency exchange rates can also be amended within Tools > Currencies.
You'll find information about updating your currency exchange rates in this article.
Removing cross-currency amounts -
This feature cannot be disabled.
If you don't want to see amounts populated into the "Rate" and "Foreign Amount" fields, you must ensure that the account you're entering the transaction into uses the same currency as the account/category that's entered in the "Category" field of the transaction.
To check which currency is assigned to your category, select Tools > Categories. Highlight the category name and click 'Edit'. In this window, you will see which currency is applied.
To check your account's currency, select the account in the side bar, then choose Account > Edit Account. In this window, you will see which currency the account uses.
If a category already contains transactions, the currency type cannot be changed.
You can create a new category that uses the correct currency, then move the relevant transactions to the new category using the batch change feature, or the Find and Replace Extension.
If you need any help with this, you can contact the support team by creating a discussion on this page or email support@infinitekind.com. The support team can provide the exact steps you'll need to make the necessary changes.
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