Re: Exchange rates

This WebDNA talk-list message is from

2000


It keeps the original formatting.
numero = 31925
interpreted = N
texte = >In the US, there are accounting rules about exchange rates; at least >here, you need to establish an official source that is used at a >specified interval to update the conversion rate. For example, the >International edition of the New York Times on the first Monday of >every month. I would recommend trying to get in contact with a Canadian >CPA to see how they do it up North. > >The one thing you will quickly discover is that the prices will look >wrong for one currency over another. For example, a book might be >priced at $19.95 and CAN$29.66. You need to decide which country is >likely to be the majority customer and display accordingly. We have a >British distributor which receives their prices from us once a month. I >actually strip the cents off of the US$ and drop that on top of the >converted price, so for my above example, I would actually display >CAN$29.95. Good luck doing that in WebCat. > >I suspect that the way that Canadian laws are probably structured, the >CPA is going to tell you exactly how you _have_ to do it. If you are >in Quebec, you may even need to do a French language version as well :( > I know Nicolas Verhaeghe had a set of cool templates that connected to some Bank and got the rates each day. -- Micheal O Shea Email:micheal@com4u.ch com4u.ch http://www.com4u.ch Breitistrasse 7B PGP key available upon request. CH-5506 Maegenwil Tel: +41 62 896 46 26 Switzerland------------------------------------------------------------- This message is sent to you because you are subscribed to the mailing list . To unsubscribe, E-mail to: To switch to the DIGEST mode, E-mail to Web Archive of this list is at: http://search.smithmicro.com/ Associated Messages, from the most recent to the oldest:

    
  1. Re: Exchange rates ( "Chris List Recipient" 2004)
  2. Exchange rates ( Daryl Mitchell 2004)
  3. Re: Dynamic Exchange Rates (Alain Russell 2002)
  4. Re: Dynamic Exchange Rates (Stuart Tremain 2002)
  5. Dynamic Exchange Rates (Tim Robinson 2002)
  6. Re: Exchange rates (Nicolas Verhaeghe 2000)
  7. Re: Exchange rates (Michael O Shea 2000)
  8. Re: Exchange rates (John Peacock 2000)
  9. Exchange rates (Christopher Mackay 2000)
>In the US, there are accounting rules about exchange rates; at least >here, you need to establish an official source that is used at a >specified interval to update the conversion rate. For example, the >International edition of the New York Times on the first Monday of >every month. I would recommend trying to get in contact with a Canadian >CPA to see how they do it up North. > >The one thing you will quickly discover is that the prices will look >wrong for one currency over another. For example, a book might be >priced at $19.95 and CAN$29.66. You need to decide which country is >likely to be the majority customer and display accordingly. We have a >British distributor which receives their prices from us once a month. I >actually strip the cents off of the US$ and drop that on top of the >converted price, so for my above example, I would actually display >CAN$29.95. Good luck doing that in WebCat. > >I suspect that the way that Canadian laws are probably structured, the >CPA is going to tell you exactly how you _have_ to do it. If you are >in Quebec, you may even need to do a French language version as well :( > I know Nicolas Verhaeghe had a set of cool templates that connected to some Bank and got the rates each day. -- Micheal O Shea Email:micheal@com4u.ch com4u.ch http://www.com4u.ch Breitistrasse 7B PGP key available upon request. CH-5506 Maegenwil Tel: +41 62 896 46 26 Switzerland------------------------------------------------------------- This message is sent to you because you are subscribed to the mailing list . To unsubscribe, E-mail to: To switch to the DIGEST mode, E-mail to Web Archive of this list is at: http://search.smithmicro.com/ Michael O Shea

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