Planned
Multi-currency Planning
Allow accounts and events to be specified in a different currency than the global currency setting. Integrate a conversion API (perhaps https://fixer.io/) to help support this.
Allow accounts and events to be specified in a different currency than the global currency setting. Integrate a conversion API (perhaps https://fixer.io/) to help support this.
I’m very keen on this. I am a UK citizen living in South Africa. I have accounts in different currencies. Even just being able to use the current exchange rate would be great. Even better if the planning would take changing exchange rates into consideration. It makes a huge difference in my investment growth.
I discovered ProjectionLab recently and am very excited with the features, but as dual-South African/UK citizen with assets in both countries, and investments in the US in USD, it’s not something that I can use yet, as multi-currency features are critical for my planning. With ZAR, it’s also important that ZAR/USD exchange rates can be projected forward as it’s an important element of my financial planning.
Really, looking forward to re-evaluating this product once multi-currency is supported.
@Enrico. I have been doing the same things but I still really want the multi currency in app. It is important to have both the native and converted value for each time step. For example: 1. Seeing historical values in their native currency (eg. you had 100k of 401k from working in the USA, you might be interested in how it has grown in its native currency). 2. Planning based on future exchange rates, or moving money overseas at different times.
This work around doesn’t work for me unfortunately. I need multi currency support because I want to test what happens if one of the currencies depreciates faster than the other one. Is it better to move my money into my country of residence and pay of my mortgage (11% interest rate here!) But potentially lose more if the currency drops much further? I’d like to test these in scenarios
Also be good to have, wife is non us and has no tax on interest. Account should be tax free (option). Her home currency also appreciates against the USD about 1% a year. I currently use the British Isa for it, but this may be making things like the Monte Carlo simulation incorrect as it may think it’s a security?