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  #4  
Old 03-19-2007, 04:47 PM
Jose
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Default Re: Currency Incompetence - Mine or Money 2006's?

On Mar 19, 12:12 am, "Computerflyer" <computerfl...[at]gmail.com> wrote:
- quote -

> Jose,
> FWIW I started by making 3 copies of the .mny file, a backup, one to
> make $AUD (AUD.mny), and one to make $USD (USD.mny).
> Since the base currency was $AUD the AUD.mny only required me to
> delete the $USD accounts. No worries.
> When I opened USD.mny for $USD conversion and changed the base, Money
> asked the exchange rate, wanted to close, and I reopened by clicking
> USD.mny. I then deleted all the $AUD accounts from that one. I now
> have 2 backup directories, AUD and USD for the respective .mny files.
> It did not break any of the USD accounts, but yes, it broke the AUD
> account values (which were then deleted, so it did not matter).
> Instead of opening Money I put shortcuts to the two .mny files on the
> desktop. It works, as a work-around, and each appears happy with its
> respective currency.
> If you do this you should have equal success with your 3 currency
> life, and yes it is a pain seeing every "world" in isolation.
> Cheers,
> CF


That might be a good solution. I will probably give it a try. The
good thing is that I don't usually move money around from one "world"
to another, so it may work!

Thanks for sharing that!

Jose


  #3  
Old 03-19-2007, 06:12 AM
Computerflyer
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Default Re: Currency Incompetence - Mine or Money 2006's?

Jose,

FWIW I started by making 3 copies of the .mny file, a backup, one to
make $AUD (AUD.mny), and one to make $USD (USD.mny).

Since the base currency was $AUD the AUD.mny only required me to
delete the $USD accounts. No worries.

When I opened USD.mny for $USD conversion and changed the base, Money
asked the exchange rate, wanted to close, and I reopened by clicking
USD.mny. I then deleted all the $AUD accounts from that one. I now
have 2 backup directories, AUD and USD for the respective .mny files.

It did not break any of the USD accounts, but yes, it broke the AUD
account values (which were then deleted, so it did not matter).

Instead of opening Money I put shortcuts to the two .mny files on the
desktop. It works, as a work-around, and each appears happy with its
respective currency.

If you do this you should have equal success with your 3 currency
life, and yes it is a pain seeing every "world" in isolation.

Cheers,

CF

  #2  
Old 03-19-2007, 04:07 AM
Jose
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Posts: n/a
Default Re: Currency Incompetence - Mine or Money 2006's?

On Mar 18, 3:40 pm, "Computerflyer" <computerfl...[at]gmail.com> wrote:
- quote -

> On Mar 19, 4:41 am, "Jose" <jose.simonpl...[at]gmail.com> wrote:
> > b) I believe that you would have to change your base currency under
> > options. I have now Money 2007, and I believe they changed how options
> > are layed out. It is in the currencies section, and where you can
> > update the exchange rate, there is a button to "set as base currency".
> > But I don't know if it will affect all your Money files, or only the
> > one in which you set it. I've never done it.
> > Jose

> Thanks for that. Glad to know I am not on my own. I found the base
> currency setting and have $USD and $AUD money files now. Amazing as I
> looked around there does not seem to be any obvious software that
> worries about us world travelers. The two files approach works :-)


I'm glad it worked for you! I might eventually do something similar,
but I like the fact of seeing all my finances in one glance. And I
will also try to set my base currency to USD. Maybe there are not side-
effect after all!

And I agree with you. I've lived in Spain, Singapore and now US, and I
know I am not alone!! I hope they eventually will get it right

Take care,
Jose

  #1  
Old 03-18-2007, 09:40 PM
Computerflyer
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Posts: n/a
Default Re: Currency Incompetence - Mine or Money 2006's?

On Mar 19, 4:41 am, "Jose" <jose.simonpl...[at]gmail.com> wrote:
- quote -

> b) I believe that you would have to change your base currency under
> options. I have now Money 2007, and I believe they changed how options
> are layed out. It is in the currencies section, and where you can
> update the exchange rate, there is a button to "set as base currency".
> But I don't know if it will affect all your Money files, or only the
> one in which you set it. I've never done it.
> Jose


Thanks for that. Glad to know I am not on my own. I found the base
currency setting and have $USD and $AUD money files now. Amazing as I
looked around there does not seem to be any obvious software that
worries about us world travelers. The two files approach works :-)



 
Old 03-18-2007, 04:41 PM
Jose
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Posts: n/a
Default Re: Currency Incompetence - Mine or Money 2006's?

It is not your incompetence, but Money's. I have faced this issue for
several years (versions). My base currency is Euro, and I have several
US accounts, including my 401(k) in USD, and some investments
accounts. I have been thinking to change my base currency to USD,
since I now live in the US. But since I would like to move back to
Spain eventually, I am reluctant to change it. I am afraid of the
"side effects" of moving to USD and back to Euros...

Regarding your questions:

a) No that I am aware of. However, you can update the exchange rate
for a given investment purchase/sale (right-click on it). I am not
sure if that makes any good. I keep doing it, but with buys and sells,
it's hard to track if the calculations are right or wrong anymore. I
just gave up

b) I believe that you would have to change your base currency under
options. I have now Money 2007, and I believe they changed how options
are layed out. It is in the currencies section, and where you can
update the exchange rate, there is a button to "set as base currency".
But I don't know if it will affect all your Money files, or only the
one in which you set it. I've never done it.

Jose


On Mar 17, 8:15 pm, "Computerflyer" <computerfl...[at]gmail.com> wrote:
- quote -

> I am not sure if this my incompetency or Money 2006. I have a money
> file that is $Australia base, with a number of $United States
> accounts. Money cannot keep track of simple addition in each $USD
> account's currency because it appears that it always applies the
> exchange rates. (The PC is set up as if an Australia home.)
> Example - Friday I bought some stock. $6000 basis; it closed at a
> value of $6080. Sat morning Money shows a $14.00 loss. And no,
> commissions are already taken into account. This appears because
> Money converts the $6000 into $AUD on the buy date, and the $6080 into
> $AUD on today's date, and uses those numbers to compute P/L, and then
> turns it back into $USD (or something similar). Not what I would
> want. I would want a $USD account to be USD all the way, or is that
> expecting too much? It does the $AUD account correctly, so it appears
> pretty obvious it is Money 2006 and "non-Money-file-base-currency"
> accounts.
> So, rather than fighting I try to make a new money file in $USD base.
> One file for $AUD accounts and another for $USD accounts. It keeps
> making $AUD accounts anyway. I tried making a new passport account
> set to the US (the original is also set to the US). But, no
> change.
> FWIW this is Money 2006 (US version) standard 15.0.80.513
> a) Is it possible to tell Money 2006 not to do this exchange rate
> rubbish and just keep an account in its set currency to compute P/L?
> b) How do I set up a new Money file in base $USD? It does not seem to
> want to let me do that.
> Thanks, CF



  #-1  
Old 03-18-2007, 02:15 AM
Computerflyer
Guest
 
Posts: n/a
Default Currency Incompetence - Mine or Money 2006's?

I am not sure if this my incompetency or Money 2006. I have a money
file that is $Australia base, with a number of $United States
accounts. Money cannot keep track of simple addition in each $USD
account's currency because it appears that it always applies the
exchange rates. (The PC is set up as if an Australia home.)

Example - Friday I bought some stock. $6000 basis; it closed at a
value of $6080. Sat morning Money shows a $14.00 loss. And no,
commissions are already taken into account. This appears because
Money converts the $6000 into $AUD on the buy date, and the $6080 into
$AUD on today's date, and uses those numbers to compute P/L, and then
turns it back into $USD (or something similar). Not what I would
want. I would want a $USD account to be USD all the way, or is that
expecting too much? It does the $AUD account correctly, so it appears
pretty obvious it is Money 2006 and "non-Money-file-base-currency"
accounts.

So, rather than fighting I try to make a new money file in $USD base.
One file for $AUD accounts and another for $USD accounts. It keeps
making $AUD accounts anyway. I tried making a new passport account
set to the US (the original is also set to the US). But, no
change.

FWIW this is Money 2006 (US version) standard 15.0.80.513

a) Is it possible to tell Money 2006 not to do this exchange rate
rubbish and just keep an account in its set currency to compute P/L?

b) How do I set up a new Money file in base $USD? It does not seem to
want to let me do that.

Thanks, CF

 

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2006, currency, incompetence, mine, money
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