Not quite enough. STOCK and FUND accounts inherit the currency of their nearest
non-STOCK/FUND parent, so if you trade in stocks on foreign exchanges you need
to set up your tree like e.g.
Assets:Investments (type ASSET in your home currency, e.g. ILS)
Stocks-ILS (type ASSET, currency ILS)
AZRM (type STOCK, commodity AZRM)
Stocks-EUR (type ASSET, currency EUR)
A5M (type STOCK, commodity A5M)
DTE (type STOCK, commodity DTE)
Stocks-GBP (type ASSET, currency GBP)
RR. (type STOCK, commodity RR.)
And so on. If you do happen to have some symbol overlap between exchanges,
which isn't common but does happen, then it might be helpful to tag them with
the currency as Adrien suggests. The alternative is to create the two in
separate namespaces. Don't try to use the same security with different
currencies: The pricing code isn't written with that in mind and you may get
weird results.
Use trading accounts. Juggling multiple currencies and commodities without them
will make you crazy.
Note that IFRS and most GAAPs require that you value all transactions in the
book's home currency. GnuCash doesn't enforce that and for personal
book-keeping it may or may not matter depending on what you need to prepare
your taxes. Consult with a local tax expert if you're not sure.
Regards,
John Ralls
> On Aug 12, 2022, at 7:59 AM, Adrien Monteleone
> <[email protected]> wrote:
>
> I'm pretty sure the Guide (or Help) covers other/multi-currency questions
> with regards to stocks.
>
> The account has to be of the same currency as the stocks. So even if you buy
> the same stock but in different currencies, you'll need separate accounts for
> each stock & for each currency—e.g.,
>
> TickerSymbol-GBP
> TickerSymbol-EUR
>
> Regards,
> Adrien
>
> On 8/12/22 5:23 AM, Mahon Finbar wrote:
>> In the guide the assumptions seem to be US based??
>> For example I have one of my share which is quoted on the Israel Stock
>> Exchange, and others on the Irish, UK, etc.
>> How do I get those in....? Another neophyte question.
>
>
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