Hi,
Let's say you have a bank account in Euros and you buy something in USD. Is there a way to register this in USD and not on the bank account default currency?
Thanks!
Register foreign currency
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Re: Register foreign currency
No, currency is defined at account level because all transaction are recorded by bank with the base currency.
PS: I don't know (at least here in Italy) a bank account that records statements in multiple currencies
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PS: I don't know (at least here in Italy) a bank account that records statements in multiple currencies
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Re: Register foreign currency and transacting across databas
Good evening
In a similar vein, I have my main database in GBP for all UK accounts and a second in PHP for overseas accounts. Do you know if there is a to show a transfer from the GBP account to the PHP account and converting automatically a specified exchange rate?
thanks in advance!
In a similar vein, I have my main database in GBP for all UK accounts and a second in PHP for overseas accounts. Do you know if there is a to show a transfer from the GBP account to the PHP account and converting automatically a specified exchange rate?
thanks in advance!
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Re: Register foreign currency
Yes, in currency management you can add change rates, and transfers will automatically use it
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Re: Register foreign currency
That's encouraging - how can I access that? I've gone through the Options and the MMEX help screens again but cannot see how it is done?
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Re: Register foreign currency
As far as I know if you pay with dollars not with pounds bank uses inner conversion. And this is not profitable for customers. Try to get different accounts for different currencies.
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Re: Register foreign currency
In my case, I tranfer GBP in UK, it is converted to THB in London, then transferred to the Thai Bank, but shows in GBP. This is not really suitable. Please is there a way that when a transfer arrives in destination, it will show in the local currency??