Re: entering stock bought with us$, listed in c$

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In Reply to: Re: entering stock bought with us$, listed in c$ posted by jeffrey on October 01, 2005 at 21:16:18:

: thanks for the new tutorial. wish i had that it before. nevertheless, it doesn't solve the problem. i am not saying that this is fm problem, but having what is supposed to be the exchange rate (i tried the rate for the day of trade and previous day), and us$ stock purchase price, converting the price and commission before recording the trade, doesn't yield the number that i was told was the total for the trade and commission by the broker. i am guessing that the exchange rate is the problem, but unless i have access to the same rates the broker is using, setting up foreign currency will only give appoximate, not exact figures, for trade amounts, reports, etc.

Hi Jeffrey,

Yes, that makes sense. Since you are actually paying in US dollars, it probably makes best sense to track it in US dollars, even though price quotes are in can$. If you can't find a source of US price quotes, you may have to just update the pricing on that one by hand whenever you want it updated.

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

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