It does not, it's intended, and going down that route will lead you down a
rabbit hole. See previous chat on mailing lists.

On Sat, Oct 12, 2019, 18:26 <[email protected]> wrote:

> I ran the query
>
> bean-query data/main.bean "SELECT account, sum(convert(position, 'CHF'))
> WHERE account ~ 'Assets' group by account"
>
> and I have in my ledger some entries in, say, GOLD and EUR.
> I also have a price datapoint for GOLD in EUR, and for EUR in CHF, at the
> same date.
>
> The result is that the assets in EUR are converted to CHF, but the ones in
> GOLD are left in GOLD.
>
> So unless I am mistaken, it would seem that beancount does not "combine"
> prices to get more conversions. Is that true? If so, is that intended?
> Would it make sense to try and write a plugin for this?
>
> Thanks
>
> M.
>
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