forex rates

[alpappy]

HI If i backdate entries ( dividends from 2010)does Fm use the exchange rate of that date or thelatest one..How far back will this work using historical quotes from say Bloomberg
alan

[Mark]

Hi Alan,

All transactions are entered in the native (assigned) currency. If you want to display your data adjusted to the default currency, you can use either a varying or constant exchange rate. For instructions on how to set this up, see:

http://www.fundmanagersoftware.com/tuto ... video.html

I didn't understand the question about historical prices. You can record historical exchange rates for as far back as you want. For tips on getting historical exchange rates, see:

http://www.fundmanagersoftware.com/faq_ ... wnload.php

[alpappy]

HI I have set historical rates as per the turorial Say I now enter a dividend for a share that wa paid in May but I forgot to record it How do I get it to get the rate from that date and not todays rate

hope that is more clear
alan

[Mark]

Hi Alan,

You don't need to enter an exchange rate. You should record the dividend in the investment's assigned currency. So, if your investment is in currency X and your default is currency Y. Enter the transaction in currency X. Your exchange rate investment tracks the daily exchange rates, but it isn't necessary to enter an exchange rate with a transaction, as the transaction is recorded in that investment's assigned currency.

[alpappy]

HI thanks does that mean it picks up the exchange rate for the date the transaction is dated?
alan

if say AUD NZd todays rate 1.29 but transaction was dated in May and the rate then was 1.24?

alan

[Mark]

Hi Alan,

Yes, that is correct, it will use the exchange rate on the appropriate date when converting.