As Intuit have stopped Quicken for Windows in the UK (and I don't want to use MS Money, tried it and don't like it). Does anyone know if Quicken USA, Canada or Australia versions support foreign currencies. That is, can I create accounts in non US Dollars, specifically British Pounds and Euros?
Does the Mac version of Quicken support foreign currencies?
Otherwise I shall just keep using my Quicken 2002 UK version until it will work no more.
Cheers, John
You can most certainly set up the US Quicken to operate in multicurrency mode, but there are some restrictions in exchange rate calculations. You will also miss out on a number of features such as online banking, VAT and UK investment specifics (ISAs comes to mind).
Quicken Canada has excellent multi-currency support. It maintains a file of exchange rates so it always knows the rate for a particular day. Yes, you can have accounts in any of 30 currencies (including British pounds and Euros), and you can set your home currency to your liking.
My understanding is that in Quicken USA, its multi-currency support is limited to converting your transactions to US$ that day, but no historical info, no foreign currency accounts, and no history of exchange rates.
Of course, as with any country version, the online banking and price downloading works only in Canada.
Can't help you with the Mac version -- I use the PC version.
Small correction. It is possible to have accounts in foreign currencies. The problem is that there is only one effective exchange rate per currency and no history of exchange rates.
"Mike B" wrote in news:4279a836 snipped-for-privacy@news1.prserv.net:
I use Quicken 2005 US deluxe and either or
to look up exchange rates for different dates.
I still run Quicken for DOS v8. While it has no official support for foreign currency, there is a way to work around that. The workaround also allows one to have a history of exchange rates. I set up investment accounts for each currency. When I travel and buy local currenty in a foreign country, I treat that as a purchase of a stock of that money. When I buy something with that money, I treat it as a sell of a stock of that money (and xfer the cash from the sale to US cash account) where I then do a purchase of the item (with categories and classes). I have used this idea for about 20 currenies for about 10 years.
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