Quicken 2000 Euro Conversion bug?

Changing the exchange rates in Quicken will only affect new transactions you enter in future. It won't alter previously entered transactions, and I don't think there's any easy way to go back and revise them.

Chris

Thanks. Seems a strange design decision for say a set of account balances - especially if the original value used was wildly wrong!

On the contrary. The exchange rate changes on a daily basis, and so the last thing you want is for old transactions to be affected. The exchange rate is presumably only a single number, and not a historical vector with date stamps attached to all changes.

Was it really wrong, or did she misunderstand the way it worked, and it was stored as the reciprocal of what you/she thought it should be? I gather about 0.69 is about right.

Surely you would normally want historical transactions to remain calculated at whatever the actual exchange rate was at the time. Its only when entering new transactions that you'd want Quicken to use the current rate.

If all the old foreign currency transactions on credit card and bank accounts kept adjusting themselves according to the current rate then none of the account balances would be correct any more. A foreign purchase with a credit card gets applied to my account at the rate applicable at the time its processed, and stays at that rate for ever. Chris

The latter - it was about 1.6!