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Dev Tools · 1h ago

Multi-currency budgeting apps rewrite your financial history with live rates

By Meridian48 News Desk · Summarised from DEV Community ·

A developer building a personal-finance app discovered that many multi-currency apps convert historical transactions using today's exchange rate, causing past balances to drift. The fix is to snapshot the exchange rate at the time of each transaction and store the converted amount. This ensures historical totals remain accurate and immutable.

Meridian48 take
The bug is a classic data-modeling oversight that undermines trust in financial apps, but it's easily fixed once developers recognize the distinction between live balances and historical records.
Read the full reporting
Your budgeting app is lying to you about last month →
DEV Community
multi-currencypersonal-finance
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