Multicurrency Support in New Dashboard

alias Member ✭✭✭
edited February 2022 in Reports (Windows)
The new dashboard is unable to handle multiple currencies. Transactions entered in accounts in currencies other than the US$ are being shown as-is with the US$ sign instead and without having been converted to US$ first, or showing the home currency already set in Quicken.

I am using Quicken Deluxe R38.29 with PKR set as my home currency.

The same issue happened when Quicken added the Dashboard view in the Investing section and the bug was fixed later. [Removed - Speculation] Until then, new dashboard is very depressing as I see millions of dollars in income and expenses, a bit far-fetched from reality. neutral
3 votes

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  • Quicken Anja
    Quicken Anja Moderator mod
    Hello @alias,

    Thank you for taking the time to reach out to the Community with your request.

    I went ahead and changed your post to an Idea so other users who have the same or a similar request can vote on your idea by clicking the up arrow (see below).

    Ideas are also reviewed by our Development and Product teams in order to improve Quicken and implement new features requested by customers.

    Please, be sure to add your own vote as well.

    -Quicken Anja
  • Is there a way to use GBP and USD in the same version of Quicken? I have Deluxe. I live in the UK and have two accounts here. The rest are in USA. Any help?
  • SC1
    SC1 Member

    I really had expected multi-currency support in the new Dashboard by now. I have entered my vote. I am writing to emphasize that I feel this should be treated as a bug, rather than simply a development idea. Without multi-currency support, the values on the dashboard are flat out wrong.

  • mark303
    mark303 Member ✭✭
    > @Jay Schmidt said:
    > Is there a way to use GBP and USD in the same version of Quicken? I have Deluxe. I live in the UK and have two accounts here. The rest are in USA. Any help?

    I also live in the UK and run seven currencies in the same version of Quicken for Mac. The software imports exchange rates daily and while it can import all my US accounts seamlessly, very few of my non US accounts can be imported. At one point, I could import my HSBC UK accounts automatically, but that was turned off sometime in 2020 or 2021. I can import my Amex UK credit card, but I have to tell Quicken it's a Hong Kong credit card. Otherwise, it's all manual input.

    The other frustration is that you can't get a consolidated balance sheet or income statement. While the sidebar can show the current balances in USD and USD equivalent, all Quicken reports are on a currency by currency basis. So I get a USD income statement, a GBP income statement, etc. and then have to manually consolidate in Excel.

    Lastly, when you do an cross currency transaction - sell dollars, buy pound, you can enter the trade in one transaction (transfer) but Quicken breaks the link between the two sides. So you can't easily see the source of a debit in one currency against the credit in another. It's not a true multicurrency account system.

    But it's the best I've found to date. Any one found a better solution?