Buying in one currency, selling in another
Cross-border resellers price everything in whatever currency the platform shows them. Reporting profit in one currency needs both legs, the buy and the sell, converted the same honest way.
Buy in euros, sell in US dollars. Profit isn't the sale amount minus the cost amount with the currency symbols ignored, that mixes two different units and the number means nothing.
Convert each leg once, at the rate that applied when that transaction happened, not today's rate applied to both. Buy in March, sell in July, use March's rate for the buy and July's rate for the sale. The rate moving between them is real, not a rounding error to smooth away.
One cross-border sale
- Bought for €20 (March rate: 1€ = $1.08)
- $21.60
- Sold for
- $35.00
- Profit
- $13.40
Not $15 ($35 − €20 treated as $20). The €4 gap is the rate moving between the two legs.
Once the rate is recorded at the time of that transaction, it stays fixed. Refreshing it later, or applying one rate to your whole history, is how cross-border books quietly drift from what actually happened. More on tracking a reselling inventory.
Buy and sell in different currencies.
ItemLogue records the rate on each leg and reports profit in your currency, correctly, every time.
Most features free · iOS & Android · No card required