Re: currency converions
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Posted by Mark on February 21, 2000 at 09:48:31:
In Reply to: currency converions posted by Richard Trilling on February 21, 2000 at 03:42:14:
: I'd appreciate a bit of advice on how to handle the following. : I have say 100 shares of Smith Inc. quoted in French Francs on the Paris
: exchange. I sell them and immediately rebuy then on the NYSE quoted in dollors.
: That means my currency values for the stock go from FRF -> $. : I'd like to preserve everything on the same graph as opposed to opening another
: graph/investment. : Any ideas on the best way to accomplish it. : Thanks, Richard Richard,
Actually I believe the best solution is to create a new investment,
otherwise you will have an investment that has had 2 currencies. You
can only assign a single currency to any investment. You could keep
this in one graph by creating a new currency type. Assign this new
currency type to your Smith Inc. investment. For the exchange rate
on this new investment it would be Francs -> default for the time period
before you converted, and $ -> default afterwards. This isn't the
intended way to use currencies, but it would work if you only have
1 or 2. You will be using up your allocation of 8 currencies this way
though... I think a useful feature in the future may be to offer a "scale"
feature that can be applied against an investment for a specific
time period. This would be similar to the fmscale program provided
during the Euro conversion. Thanks,
Mark
--
Mark Beiley
Fund Manager for Windows 3.1x/95/98/NT
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