Transactions in a different currency

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2 posts
Transactions in a different currency

New MMEX User

Posts: 2
Joined: Fri Apr 06, 2018 4:26 am
In Quicken and most other applications I have used, it is possible to load a foreign currency transaction within an account. For example, my checking account is in GBP. When I travel to the US and purchase a pair of jeans I want to load the dollar value in my checking account as $45. The application will then apply the FX rate and report this value as GBP38 in my checking account.
I have searched help files etc but cannot see if this is possible in MMex.
Please advise how I can do this.
Re: Transactions in a different currency

MMEX Developer

Posts: 2284
Joined: Sat Dec 06, 2008 8:27 am
Location: Sankt-Petersburg, Russia
My opinion is:
It should be two accounts USD and EUR, for example.
Base currency is EUR,
When you buy something is USA that mean you transfer money from EUR account to USD account then spend this USD money to bied item.
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