Greetings, On one hand, you are absolutely right. Even if I buy something from the US, I'll end up paying in my local currency. (Including paying any taxes/duties and banking fees too)
However, if you have ever lived abroad or moved across country borders, you'll most probably have holdings in more than one currencies, and – in the case of the EU for example – you'll pay taxes locally; as in where the money is. So essentially you have several parallel ledgers. In such cases, it's super useful, that everything is done in the appropriate currency, and only converted to your chosen default whenever explicitly requested. (Thus I'll see the actual balances OR the value it represents at a certain moment in my day-to-day currency) I was referring to this in my previous message. And the fact, that all the other systems I've tried, made you think the other way around. Regards, Dan On Mon, 22 Jan 2018 at 16:59 o1bigtenor <[email protected]> wrote: > > On Mon, Jan 22, 2018 at 9:37 AM, Ismael Bouya < > [email protected]> wrote: > >> Hello, >> Being agnostic to currencies is not a good reason to prevent you from >> having default values :) >> >> To answer the initial question, you could add: >> ------✂-------- >> commodity EUR >> default >> ------✂-------- >> at the top of your ledger file, and thus any report with no commodity >> will have EUR as commodity (chose your value of EUR of course). This >> works for ledger convert in particular >> >> >> Greetings > > Well - - - in North America at least, you are already deemed to have a > default. Your > default is you local currency and all other currencies are converted into > that one. You > can report whatever in any foreign currency but any formal entries are > always in relation- > ship to your default. (You're going to pay tax in relation to whatever in > your local > currency!) > > Not sure about the rules in other jurisdictions but if they are similar > then why would you > state explicitly what is already implicitly acknowledged? > > Regards > > Dee > > -- > > --- > You received this message because you are subscribed to the Google Groups > "Ledger" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
