Support multiple currencies

  • 41
  • Idea
  • Updated 4 years ago
  • Not Planned
Hi there,

I have bank accounts in both Pound Stirling (£) and Euro (€). At the moment I can't include my Pound Stirling account because as there is no exchange rate in reporting the figures would be wrong.

Are there any plans to support multiple currencies?
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Matt Morris

  • 34 Posts
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  • thankful

Posted 9 years ago

  • 41
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sophia.darpine

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All multiple-currency financial software that I've seen keeps a base currency. Budgets, and in this case Envelopes, would be in that base currency (specified by the user of course) and the exchange rate would be provided automatically (either by a global value previously set by the user or an online exchange rate) with the option for the user to adjust the rate on a per-transaction basis.

The user would understand that once multiple-currencies were enabled the value of their envelopes wouldn't be EXACTLY spot on -- but certainly pretty close -- and for those of us who live with multiple always-fluctuating currencies, you don't usually get much better than that!

Thanks for taking the time to think about this!