How to handle Scheduled transaction (installments) not in native currency?

Hi there, 

I have an installments that will last till November this year. So I guess that's scheduled transactions.

 

The only problem is that it's in a different currency. So each month the actual fee is different.

 

I guess I can budget a fixed amount each month not an issue. The question is how should I add a scheduled transaction if the amount changes due to currency exchange rates?

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    • Ben
    • Toolkit for YNAB Designer & Developer
    • furiousfalcon
    • 2 yrs ago
    • 4
    • Reported - view

    I would add a scheduled transaction with your best guess about the total amount, with a note or colored flag that helps remind you to update it once it hits your account. Perhaps estimate a little higher, to give you some wiggle room on the exchange rate?

    Like 4
  • Hi kimsia !

    I totally agree with what Ben said! Add the recurring transaction with your best guess amount, and when it hits the bank with the final amount including exchange rate/bank fees etc, change the transaction amount in YNAB. The flagging is a great suggestion too, that can be your cue to check your online banking! 馃槉

    Like 3
  • Thanks Jannelle and Ben

    Like 2
  • Tip: if you use direct import, you can match the transactions even if they are different amounts. 

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  • Thanks for tip WordTenor

    I have to use file import because I am not a US company

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      • WordTenor
      • I have the honor to be your obedient servant
      • WordTenor
      • 2 yrs ago
      • Reported - view

      kimsia Same thing. You can enter the estimate using a scheduled transaction, then manually match the imported transaction even if it isn't exactly the same amount. 

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  • 2 yrs agoLast active
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