How can I update currency exchange rates fot new entries?

Gus_Bido
Gus_Bido Quicken Windows Subscription Member
in Download, Add/Update Accounts (Windows)
I have 4 different currencies in my Qb file. When I update the exchange rate it seems it changes the convertion to USD for all past entries. Is this so? If yes, how can I update de convertion factor only for future transactions? Modifying past transactions drives to errors in the net worth expressed in USD
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Answers

  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭
    Quicken Windows US doesn't maintain a currency exchange rate.  It always does the conversions with the current rate in reports.  Which of course by definition means that a report like net worth over time is going to be wrong for anything in the past.
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  • Gus_Bido
    Gus_Bido Quicken Windows Subscription Member
    Thank you Chris for your time. Is big issue for people dealing with different currencies, especially now, with inflation rates growing up all over the world
  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭
    Yeah it is one of the big misses for Quicken Windows US currency support.  Quicken Windows Canadian does better since it does save the exchange rates, but it only supports Canadian financial institutions (and not very well at that) and is missing several features that are in the US version.
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