If I wire transfer funds from a my own bank account in one country to to
another account of mine in a second country, the simple way of handling
this (after booking the transfer fee at both ends) is to just manually
fix the fair exchange rate proposed by Gnucash to the usurious one the
bank gave me.
This way I get a single transaction from one bank direct to the other.
As far as I can see, the only disadvantages are that I get a stupid rate
in my exchange history and I'm not tracking the exchange markup fees.
But if I do it a dozen times a year, I might prefer to track my cost for
"usurious exchange rates" separately, and also have my rate history not
jump up when I send money one way and swing back in the other when I
send money in the other direction.
Is there a best practice regarding this? Does the Trading Accounts
feature of Gnucash make this more automatic, and if I enable it, will it
complicate other aspects of booking Forex transactions?
Thanks as always, Paul
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