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Register foreign currency
Posted: Tue Apr 18, 2017 12:32 pm
by lseabra
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!
Re: Register foreign currency
Posted: Wed Apr 19, 2017 7:00 pm
by GabrieleV
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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Re: Register foreign currency and transacting across databas
Posted: Tue Apr 25, 2017 9:54 pm
by adriann
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!
Re: Register foreign currency
Posted: Thu Apr 27, 2017 5:51 pm
by GabrieleV
Yes, in currency management you can add change rates, and transfers will automatically use it
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Re: Register foreign currency
Posted: Thu Apr 27, 2017 11:15 pm
by adriann
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?
Re: Register foreign currency
Posted: Fri Jun 23, 2017 9:19 am
by EssayWriter
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.
Re: Register foreign currency
Posted: Fri Jul 21, 2017 6:59 am
by Commogwinto
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??