Main > Bugs [When an account with a currency other than default is added, exchange rate field is incorrect]
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Hari
User
Re:When an account with a currency other than default is added, exchange rate field is incorrect
Thanks for fixing it. Now it correctly says 1$ = [Text box] Rs.
I deleted the rupee account and added it again. Now I set an exchange rate of 1$ = 44 Rs. When I add a transaction for example of Rs 1000 deposit, the account balance shows Rs 44000 / $ 1936000. It looks like the added transaction in rupees is getting multiplied by exchange rate and the one in dollars further by exchange rate resulting in wrong account balance.
However, I would like you to think about having an exchange rate and fee field while transferring funds between accounts of different currencies rather than a global exchange rate for an account. I see that you would like to display the equivalent dollar amount next to the amount in other currency. That may not always give a right picture to user due to daily fluctuations in exchange rate.
03/27/2011 12:13:39
support
Administrator
Re:When an account with a currency other than default is added, exchange rate field is incorrect
Thank you for bringing this to our attention. Please try it now.
03/27/2011 00:53:44
Hari
User
When an account with a currency other than default is added, exchange rate field is incorrect
Hello, I have added an account with Rupees as the currency. I also have couple of more accounts in default (US dollar) thats fine. In this rupee account, there is an exchange rate field which reads : Exchange rate: 1 Rs = [text box]. What do you expect me to enter there? There is no currency next to text box so that I can enter for example 1 Rs = 0.022 $. I see a currency to the right of the text box only when creating an account and then when editing it, its gone. Also I dont understand the rationale behind setting global currency rate. As you know currency rate changes daily in the market. Hence a more appropriate way would be to have an exchange rate and fee field while transferring funds between accounts of different currencies. This way each fund transfer can set the conversion rate used for that particular transfer and also record the fee paid for transfer. I hope I have made my point clear. Let me know if you have any questions. Again thanks for reading and responding to my earlier bugs.
