Re: "Microsoft Excel Is Going Beyond Text and Numbers"

On Thu, Apr 5, 2018 at 12:02 AM, Tor Lillqvist <tml@iki.fi> wrote:
> > (obligatory rant: _current_ exchange or stock market rates in
> > spreadsheet functions have close to zero practical value, and only
> > encourage people to do shitty accounting.
>
>
> Indeed. I am not an accountant or economist, but I would say that even
> historical exchange rates are of, well, historical interest only.

They are of tax-purpose interest.

> when you actually performed a currency transaction

you may not have performed a currency transaction at the time.
but 20 years later, for tax purpose, you need to 'convert' the value
of something at the time from one currency to another.