Moneydance Help : Multiple Currencies
Moneydance allows different accounts for different types of currencies.
For example, you can have a savings account in Italian Lira and a checking
account in British Pounds.
Each Moneydance file maintains a list of
currencies available for the accounts in the file. You can view the
currencies and exchange rates for the current file by selecting the
Tools->Currencies/Exchange Rates menu item in the main window.
This will display a window with a list of currencies on the left side
of the window and the Base Currency identified at the top of the
window. Clicking on a currency in the list will display the
information about that currency in the fields on the right side of
the window. Each currency has the following settings:
- Currency ID: This is a unique identifier for this currency.
For example, the ID for United States Dollars is USD, Italian Lira are
ITL, and Japanese Yen are JPY.
- Currency Name: This is a descriptive name for the currency.
- Exchange Rate: This is the number of units of this type of
currency that it takes to equal one unit of the Base Currency.
- Ticker Symbol: This is the ticker symbol used to look up the
value of the currency in the event the currency type is a stock or mutual
fund.
- Value Prefix: This is the text or symbol usually prefixed to values in
this currency when displayed on the screen and on reports.
- Value Suffix: This is the text or symbol usually appended to values in
this currency when displayed on the screen and on reports.
- Decimal Places: This is the number of decimal places that is used
to represent a value in this currency. Most currencies are represented with
two decimal places, but some currencies like Italian Lira, and Japanese Yen
don't use any decimal places. Note that once a currency has been created, it
is impossible to change the number of decimal places associated with it.
If you need to use a currency that isn't in the default list, you can create
a new currency type by clicking on the New... button. You can also
set a different base currency by selecting a currency from the list and
clicking on the Set Base Currency button.