Currencies basics

Squirrel manages transactions amounts at two levels: the account's currency and the application's base currency. You usually edit amounts in the account's currency. Squirrel then automatically calculate how much the transaction is worth in your base currency. The algorithm used to achieve this is fairly complex but relies on simple rules to reflect how much a transaction in a foreign currency is really worth.

How is the base currency amount calculated?

The exchange rate used to calculate how much each transaction is worth in your base currency is constantly updated. This rate depends on:

If you have an account in Japanese yen, and that your base currency is the US dollar: