How to Convert an Existing Account to a Different Currency

Overview

You can convert existing checking, savings, credit card, or cash accounts to a different currency. No other accounts, such as investment or loan accounts, can be converted. Instead, you will create a new account in the desired currency and then replace the existing account with the newly created one.

Note: Quicken does not maintain historical currencies. It will convert everything to the latest exchange rate.

Instructions

To convert an existing checking, savings, credit card, or cash account to a different currency:

1. From the Quicken Tools menu, choose Account List.
2. Click Add Account.
3. Select the account type under the Cash Flow heading and click Next.
4. Enter an Account Name that differs from the original account, select the Financial Institution, and then click Next.
5. Select the desired Currency, click Next, and then click Done.
   

   Note: Leave the 0.00 in the Ending Balance field.

6. Double-click the original account in the Account List window to open its register.
7. Click Transfer.
8. Select the account you created in step 5 from the To Account drop-down list.
9. Enter the ending balance from the original account in the Amount field, and then click OK.
10. If necessary, change the amount displayed for the new currency, and then click OK.