Investments and special exchange rates

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 Investments valued at the exchange rate of the time purchase

Certain investments (shares, real estate abroad) are valued using the exchange rate of the time of purchase (historical exchange) and not the current one. The exchange rate profit and loss is not accounted for until it is actually realized. You must therefore make certain these accounts do not get valued using the current exchange rate.
In order to input a fixed historical exchange rate, you need to create an additional currency on the Accounts table (e.g. USD1) with a fixed exchange rate. 
It is essential that in the Fixed column of the Exchange table, when viewed in Complete, for each currency with a fixed exchange rate, Yes must be inserted; otherwise, the currency and its related account are still revalued.

This currency will then only be used for this specific account ( ex: USD1) with a fixed rate. 

If you have to make a transfer from the USD account to the USD1 account, you proceed exactly as if you were working with two different currencies. For this reason you will have to use a two-row entry.

Opening with special exchange rates

By inputting the opening balances in the Opening column, foreign currency amounts will be converted to basic currency at the opening exchange rate.
If this system does not prove flexible enough (i.e. you need various special rates or there are rounding differences) the opening can be done manually by making normal entries, indicating the amounts and the exchange rates you want for each account. In this case, the "Opening” column of the Accounts table will be left blank.


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