This lesson explains about exchange rates in the HandWallet Expense Manager app:
When you purchase something in a different currency than the currency of the account HandWallet will automatically download the exchange rates for you and calculate the right amount in your home currency.
However, when you are dealing with foreign currencies things are usually more complicated. There is no "one" global exchange rate and the exact rate depends on many factors: the credit card or bank you are working with, the type and amount involved and so on.
So in the "currency exchange" section you can control how this really works. For example, the exact date used for the currency conversion, the source of the rate or even specify the rate manually.
If the credit card company charge you commission (as they usually do when you purchase abroad) you can use the "discount" section - it is good also for commissions.
Just few more words about "exchange rate sources". These are usually central banks or known financial organizations like "Yahoo finance" or "Oanda". HandWallet comes with several build in exchange sources. However you can always add more by pressing the "Data" tab at the top of the screen and then "Financial Data".
For more information visit the HandWallet Expense Manager site:
or the HandWallet Expense Manager forum:
Also you can find information about managing expenses & budget on ay of theses sites: