All of the money transfers are from CAD to USD, none in the other direction. The USD amount is dependent on the exchange rate that day. I am trying to understand how that creates an unrealized gain or loss, and how I could account for that gain or loss.
- Norm - On August 22, 2025 6:42:44 AM PDT, Derek Atkins <[email protected]> wrote: >Hi, > >On Fri, August 22, 2025 9:34 am, Norm Samuelson wrote: >> I am trying to understand unrealized gains and losses. I deal with two >> currencies, USD and CAD. I found that some if not all of those are >> related to transfers from CAD to USD. My guess is that the loss or gain >> is related to changes in the exchange rate. Is that correct? > >Ye > >Let's say you buy CA$100 for US$70. Then you sell CA$50 for US$40. >You have "made" US$5 because those CA$50 were "bought" for US$35. >You need to account for this gain in the transaction otherwise your >balances will be off. > >Enjoy! > >> - Norm - > >-derek > >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. > >-derek > >-- > Derek Atkins 617-623-3745 > [email protected] www.ihtfp.com > Computer and Internet Security Consultant > _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
