Support multiple currencies

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  • dbs2025
    dbs2025 Member

    How can there only be 47 upvotes for this? this is basic stuff guys. The simplest way to do it is to have rules apply only to one account, have them do arithmetic, and create a lookup primitive for the exchange rate (or let people create their own by doing a lookup to a spreadsheet)

    none of that seems like rocket science.

    But this has gone from a nice-to-have to a critical as the continued volitility in US markets is encouraging people to look at investments that are not dollar denominated.

  • DryHeat
    DryHeat Superuser ✭✭✭✭

    I use QS to track accounts in both USD and CAD. It's functional, but the figures in most reports and in the account list are misleading. I always have to mentally convert the currencies to really understand how things are going. And I have to make manual adjustments whenever I transfer funds from USD to CAD accounts, or vice versa.

    Still, QS should be careful about which displayed amounts they convert and which ones they don't. The bills I pay out of my Canadian accounts are denominated in CAD and I need to see those transactions (and the balances available to pay them) in CAD as well. They should match what I see on my Canadian bank website.

    I'm not sure what the best solution would be, but I think that any report, etc. that involves only CAD accounts should display as unconverted CAD. Only those that contain multiple currencies should display converted amounts (and we should be able to choose the default currency).

    DryHeat
    -Quicken Classic (1990-2020), CountAbout (2021-2024), Simplifi (2025-…)

  • Jason W
    Jason W Member

    Adding another vote for multi-currency support. I am happy to enter transactions manually, but as an American expat it would be helpful to keep track of bank balances that are denominated in other currencies (HKD and CNY are the ones I need) as well as transfers between those accounts (with fees and exchange rates tracked appropriately).

    For my use case it's fine for USD to be the primary currency (e.g., non-USD accounts would be converted to USD for the purposes of displaying net worth, aggregate cash flows, etc.). I just want to avoid either having to manually convert every transaction to USD or not be able to include foreign currency accounts at all.

  • Christaaay
    Christaaay Member ✭✭✭

    Really wish this would gain some attention from the product team……

  • lily215
    lily215 Member

    this is so necessary

  • Tonks
    Tonks Member

    I keep track of multiple currency already, only need ability to automatically maintain balance in a single currency at mid market rate updated daily. Custom account types by currency also would be beneficial.