Hi,

I have an investment account with a connected brokerage account, both in currency 1. I am purchasing stocks in currency 2. I seem to only be allowed to add fees in the second currency. This is unfortunate as my broker is trading in currency 1 and all fees will be in that currency regardless of which currency the investment is in.

• I have tried to enter the fee directly in the Buy shares box when creating a new transaction - it defaults to the currency of the security and I can't seem to change it without adding a currency transaction.
• I have tried to enter the entire transaction from the brokerage account, but haven't been able to actually purchase the security, i.e. category doesn't accept securities.
• I have tried to purchase the share in the investment account and then go in to the brokerage account, edit total amount, edit split, add bank fees (and rounding). This might have worked, but when viewing the transaction in the investment account it then says that the security's price is in currency 1. Also during the split entry, I am asked about the currency conversion repeatedly.. Not sure what will happen when I update the price online.

What is the recommended way to register such a transaction, i.e. I pay the brokerage firm in the currency of the brokerage account and them items are:
x shares in the currency of the share
y fees in the currency of the brokerage account
z rounding in the currency of the brokerage account.

Somehow, an exchange rate comes into play, and that is what KMM is asking for. Your broker may be presenting his transactions in currency 1, but I think in the end he is actually trading in currency 2 and paying transaction fees in currency 2, since he is buying on a foreign exchange. Somewhere along the line, a currency exchange is done. Since you have two unknowns ( fees in currency 2 and exchange rate) and only one given (fee in currency 1), you cannot accurately [uniquely] describe the transaction. You could ask your broker for the currency 2 data, or get the exchange rate for that day from oanda.com or similar, and compute an approximate currency 2 transaction fee.

The broker probably has expenses in currency 2 but the type of account/agreement I have with them is that I pay a fixed fee, in currency 1, for foreign transactions up to a certain amount. There is no unknown original fee in currency 2. Why that is, I don't know. Maybe it evens out for them. Maybe they have enough internal transactions they don't have significant expenses in currency 2. Maybe (probably) they see it as a way to simplify for their customers, to get us to do more transactions through them...

In any case, to clarify as I see my first post was a bit incomplete. When a purchase or sell order has gone through, this is what is included in the bill:

• The number of shares
• The price per share (in currency 2, the share currency)
• The exchange rate used by the brokerage firm between currencies 2 and 1
• The cost of the shares in currency 1
• The fee in currency 1
• The total amount that is deducted from / added to my brokerage account, including rounding

Of course, I need to keep track of the price in currency 2 and the exchange rate, both which are correctly retrieved online. They are needed to find out my current, unrealised, net worth. But the transaction between myself and the brokerage firm is only ever in currency 1. The problem I have is that 1. I can't set the currency of the split row, and 2. that the split uses the currency of the security and not the currency of the brokerage or investment accounts.

I realise that it is a somewhat complicated transaction, but it is just a real-world extension of the scenario described in the manual in 12.6, with the addition of a fee in currency 1. What I want to record is all the information included in the bill above, i.e. total cost in currency 1, the currency exchange rate of the day, the security "exchange rate" between currency 2 and the security as well as additional fees and rounding in currency 1.

If it is not possible due to the way KMyMoney is hiding the underlying double entry mechanics, I might have to do two separate transactions.. Was hoping to be able to avoid that!

Assuming the exchange rate for the share purchase is the same as the rate for the transaction fee, can't you simply use that rate to compute the fee in currency 2 and enter it as such?