Adding a New Currency

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Adding a New Currency

You can add a new currency to the list of currencies.

Click on Add from the Currencies list dialog, the following screen will appear:

ps4_currenciesaddnew.png

Enter the following values for the new currency:

Symbol

Type a three letter code for the currency.

Use capital letters.

Examples: FJD, AUD, HKD, JPY, etc

Character

Enter the keyboard character or characters that you want associated with the symbol.

Description

Type a short description of the currency.

Examples: Fijian Dollar, Australian Dollar, etc.

Save Changes

Click on the OK button to save, or Cancel to exit.

Using New Currencies

When a new currency is added to the list it will not have any utility until it is linked in a cross rate to a currency in which securities and data are quoted by the data provider.

After the new currency has been added, it will be available in the Base and Cross drop down lists in the Add New Cross Rate dialog box.

The cross rate between user defined currencies and default currencies must be entered by the user in the Add New Cross Rate dialog box.

Once cross rates have been created and populated for the user defined currency, it can be selected from the Base Currency drop down list in the General tab of the Application Settings dialog. The user defined currency will then be the default currency for the software.

The base currency can also be changed for individual Portfolios using the portfolio's Edit function.

Maintaining New Currencies

Cross rates change all the time.

Only the default currencies will have updated data supplied for them. New cross rates for two default currencies are automatically calculated when updated exchange rates for either or both currencies are received from the Update Manager.

User defined currencies must have their exchange rate inserted and maintained by the user via the Edit Cross Rate function. The Edit Cross Rate dialog box has a text box to enter the new rate, and a date box to record when you last changed it.

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