Adding a New Cross Rate

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Adding a New Cross Rate

If you have added currencies which are not on the default currency list, you can also establish a cross rate for them.

The value of the new cross rate will always have to be entered and maintained by you.

Enter details for the new cross rate, including the Base currency, Cross currency and the user defined Value, into the New Cross Rate dialog box:

ps4_addnewxratesdialog.png

The Base and Cross drop-down lists are both populated via the Currencies dialog box.

In this example the Fijian dollar has been added to the default currency list and is now available to establish a cross rate.

The Base and Cross can be either two new currencies, or one new currency and one default currency. In either case the value will have to be established and maintained by the user.

Value

The user defines the value of the new cross rate and must maintain it in the future.

New cross rates are not in the cross rate group which HUBB maintains via its system data downloads.

User defined values are not system data and the user is responsible for periodically updating their values to reflect current market exchange rates.

Date of Value

The date will default to the current system date, to insert a different date, either type in the date in the dd/mm/YYYY format, or click the drop down arrow to display a calendar selector.

When you are finished entering the details, click OK to save the changes, or Cancel to exit and cancel your changes.

New cross rates will be used to convert values in the portfolios where the selected currencies are quoted.

Note  - If you are viewing a portfolio or account in a currency other than the default currency, you will have to update the cross rate to be able to view an accurate value for the portfolio or account.

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