Exchange rates that stay where you left them

Key takeaways

• •EasyFin stores the exchange rate from each transaction's own date and reads that stored rate forever.
• •Apps that convert at the current rate recalculate your whole history whenever a currency moves, so a budget you met can retroactively appear broken.
• •Budgets go further: the rate is frozen at the moment spending is counted against the budget, so one transaction cannot reopen a closed month.
• •Toshl and Lunch Money also store per-transaction rates; PocketSmith does for transactions but converts balances at the account's last balance date.

Why do my past reports change in other budgeting apps?

If an app converts historical transactions using today's exchange rate, your past is not a record — it is a live calculation. A trip to Europe that cost a certain amount when you took it will show a different figure after any currency move. Budgets you met can retroactively appear broken. Most apps that convert at all work this way at the balance level, PocketSmith included, even where transaction amounts use stored rates.

How does EasyFin store exchange rates?

The rate is captured when the transaction is recorded and kept with it. Analytics, budgets and net worth history all read that stored rate rather than fetching a current one. Budgets go a step further and freeze the rate at the moment spending is counted against the budget, so a single transaction cannot change what an earlier month looked like.

Frequently asked questions

Why do my past budgets change in other apps?

Because they convert historical foreign-currency transactions at today's exchange rate rather than storing the rate from the transaction date. Any currency movement recalculates your history. EasyFin stores the rate per transaction, so past reports stay fixed.