Home currency and exchange rates
Home currency is now used to calculate totals in accounts list, blotter and reports. To convert from one currency to another Financisto uses list of exchange rates. You can add any rate on any date manually or download current rate from on-line provider.
Here how it works. Go to Menu -> Entities -> Exchange rates:
Initially the list is empty, you can add a rate by selecting “from” and “to” currency and taping on + button. To edit a rate just tap on it, to delete – long tap and tap Delete from popup menu.
The screen to add a rate is straightforward. You can change the date and the conversion rate value manually. The button on the left of calculator downloads the rate for specified currencies from Internet. Currently it can only get the rate for the current date, ignoring any other selected date.
When calculating total amount, conversion rate is looked up from the list according to the transaction date. For example:
Date | USD -> EUR | Amount USD | Converted amount EUR 1 Mar | 1.3324 | 10$ | 10*1.3324 = 13.32 2 Mar | No rate | 20$ | 20*1.3324 = 26.65 3 Mar | 1.3415 | 10$ | 10*1.3415 = 13.41
Note that for 2nd of March the conversion rate from the previous day is used to calculate the amount. This means that if you already have some transactions, say, one or two years old, then you would need to add an exchange rate which has the date matching the date of the very first transaction. Otherwise the amounts will be converted 1 to 1 into Home currency. You can get historical rates on xe.com.
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I can see the Converted Amounts in the total in the main screen, but is it possible to check the correspondent value of each transaction converted?
Thanks for the amazing app!
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I take it there’s no apple version of financisto. Would you suggest any app that would integrate my android based financisto data and apple products?
I used Buxfer for tracking my expenses back then and I was quite satisfied. Before half of year I moved to different country but stayed working in the same company – it means that I earn and spend money in different currencies. Buxfer seems to be dead project from view of continuous development and other solutions didn’t offer multiple currencies, so I stop to track my expenses. And now I’m excited by this fresh addition to Financisto App!
During familiarizing with this great application I found bug in Add Exchange Rate dialog. Where can I report it?
I see the problem was already fixed in 1.5.6u1 and link to bug tracker is in sidebar
. Well… Thanks for quick solution. Financisto is great!
Cheers!
Found a way to rollback to 1.5.4 by downloading and installing the file Financisto_v_1_5_4u1.apk available on https://launchpad.net/financisto/+download
If Android 1.6 is not supported anymore on new versions please find a way to avoid sending updates for devices using it.
This version is not working on Android 1.6. How to rollback it to 1.5.4?
Compatibility with Android 1.5 was fixed in 1.5.6u1, please update from the Market
I’m not sure that the last sentence of your post is obvious to end-user. I had to get here to understand why when I’ve upgraded to this version and entered home currency and exchange rate I still get 1:1 in reports. To get it more confusing, some reports working fine (Now I get that reports that have data for current date, for which I entered exchange rate, are working fine and older – are not).
I think it’s better to use oldest rate for older transactions. I’m foreseeing bug reports from users which will not see/pay attention to this quirk.
I can see that it can be a bit confusing, but I think using the oldest rate for older transactions would be inconsistent.