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Managing foreign assets

When you purchase a foreign asset, check the AUD exchange rate on the date of purchase and convert the price to AUD. Enter the AUD price in Mclowd. Optionally note the price in foreign currency and the exchange rate used in the description field.

When income is received or an expense is incurred, check the exchange rate on the day of the transaction and convert to AUD. Enter the AUD amount.  Optionally note the amount in foreign currency and the exchange rate used in the description field.

Before running any end of period report or seeking to determine the current total value of the Fund’s assets, check the value of the foreign asset and the prevailing exchange rate. Convert the value to AUD and enter the current AUD value in the Market Revaluation screen.