Probably the best solution is not to use Money in this circumstance. The
cost basis floats based on exchange rates as it doesn't track the rates in
force at the time of the transaction.

--
Glyn Simpson, Microsoft MVP - Money
http://money.mvps.org

Check http://money.mvps.org/faq/default.aspx for tips and fixes for MS
Money.
To send Microsoft your product wishes see http://money.mvps.org/wishes.aspx

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"Simon" <Simon[at]discussions.microsoft.com> wrote in message
news:C454A505-F237-4B45-BAE5-C79138467673[at]microsoft.com...
- quote -

Hi,

I am using Money 2005. I have started to do some trading in foreign currency
to diverse a little from stock trading. Can anyone suggest what is the best
way to reflect these transactions in Money.

I thought at first to open an investment account, with cash transactions,
and buy and sell the currncies like stocks. The currency being the "stock".
However as my base currency is different from the trading currencies, the
real profit/loss from the transactions changes every time the exchange rates
for money are updated.

For example: My base currency is GBP and I trade EUR/USD. The profit or loss
is recorded in Money in USD, but the profit from the broker is credited or
debited in GBP. Eveytime the GBP/USD exchange rate changes, so does the
actual profit/loss recorded in Money. WRONG!!!

I thought that the only other way is to record the profits/losses in GBP in
an ordinary Asset or similar account against a category like capital
gains/loss.

Does anyone have a better solution?

Simon