Il 27/03/21 19:04, Michael or Penny Novack ha scritto:
Now we come to the end of the year, at which point let's say the
exchange rate is $1.25/1 EUR. Those $1300 are no longer worth 1000
Eur. They are worth 1040 EUR. Your equity has gone up by 40 EUR.
I will stop here because the issue of how "unrealized gains/losses
from changes in exchange rate" will be treated is not a gnucash issue.
It's exactly the same no matter what accounting software you use or
even old fashioned pen and ink on paper.
Thanks, now I get it, I think. I don't have enough EUR/USD conversions
for that to be the cause of my issue but I do have plenty of mutual
funds and the logic is indeed the same.
Basically my options during the change of books are either:
1) setting a closing price for each fund that matches the original
purchase / year opening price: this way it will appear to be unchanged
or
2) I post the value difference, either cumulative or per fund, as
"unrealized gain / loss" and that's it.
Thanks,
Andrea.
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