Regarding exchange rate changes

Question

I have accounts in two currencies: D$ (US dollars) and M$ (Mexican pesos).  I have saved Spending Reports for 2013-2022.  I am currently preparing my report for 2023.  The exchange rate has changed dramatically this year.  How do I change an exchange rate without affecting saved reports.

Chris_QPW · Answer

Saved reports are "templates" not "what was at a given time".

If I run a report that depends on the exchange rate today, and then run it tomorrow when the exchange rate has changed the values will definitely be different.  The "saved report" doesn't change, but certainly querying of the data that has changed will change.

Jane Castleman · Answer

Chris, thanks so much for your help and for answering so quickly.

I think you are saying that my saved reports will not be affected by changing the exchange rate in the Currency List.  Is that right?  If so, that is exactly what I want.

Chris_QPW · Answer

I assume you are using Quicken Windows US.  Unfortunately Quicken Windows US only has the "current exchange rates", it doesn't save past ones.  So, any report you look at will be using that exchange rate for all the numbers.

You can change the "current" currency exchange rate with Tools → Currency List, and then select and edit the one you want.  But that is as good as it gets in Quicken Windows US.

Note that Quicken Windows Canadian does save the exchange rate per day.