Re: currency converions
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Posted by Richard Trilling on April 16, 2000 at 10:20:24:
In Reply to: Re: currency converions posted by Mark on February 21, 2000 at 09:48:31:
: : 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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