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Setting and Using Exchange Rates

Each MoneyWell account can have its own currency code and each time you assign a new currency to an account, a new entry is created in the Exchange Rates table.

Exchange Rates

How to set exchange rates:

  1. Select Activities > Review Exchange Rates
  2. Choose your native currency (the one set in OS X System Preferences) and set this value as "1"
  3. Set other currencies based on this primary currency
  4. If you need to add another currency code, simply add an account using that code

To use exchange rates:

  1. Assign a transaction to an account and it will use that currency
  2. When creating a transfer between two accounts with different currencies, the opposing transaction will calculate its amount based on the matching exchange rate in this table
  3. Change the exchange rates as needed; no transaction amounts will be affected, only new transactions created after this change

See also

accounts
transactions