<title>Convert a transaction from a foreign currency</title>
<category>euro</category>
<klink type="prcdr">How do I convert a transaction from a foreign currency?</klink>
</index>
<content>
<ol>
<li>On the <emph>Accounts & Bills</emph> menu, click <emph>Account List</emph>.</li>
<li>Click the name of the account.</li>
<li>Click <emph>New</emph>, and then enter information for the transaction.</li>
<li>In the <emph>Amount</emph> box, enter the amount of foreign currency you spent or received.</li>
<p>For example, if you reside in the U.S. but made a purchase in Canada, enter the amount you spent in Canadian dollars.</p>
<li>Right-click the <emph>Amount</emph> box, and then click <emph>Currency Converter</emph>.</li>
<li>In the <emph>Transaction currency</emph> box, select the currency you're converting from.</li>
<li>Under <emph>Display exchange rate as</emph>, select the exchange option you want:</li>
<ul>
<li>Select the first option if the exchange rate you'll enter is local currency units per each foreign currency unit.</li>
<li>Select the second option if the exchange rate you'll enter is foreign currency units per each local currency unit.</li>
</ul>
<p>For example, if the exchange rate you'll enter is $0.8425, and you know that in the U.S. $0.8425 is equal to $1.00 in Canada, the first option is correct: 0.8425 local units for each foreign unit.</p>
<li>In the <emph>Exchange rate</emph> box, enter the exchange rate at the time you made the purchase or exchanged cash at the bank.</li>
<li>Click <emph>OK</emph>.</li>
</ol>
</content>
<footer>
<extend>
<tease>What should I do about purchases made in a foreign currency with credit or debit cards?</tease>
<reveal>
<p>If you made a purchase with a credit card, you can wait until you get your statement to make an adjustment. Usually, your bank will convert the amount of the foreign purchase for you so you can simply enter the purchase amount in your local currency.</p>
