Quicken is changing account non-USD currency on QFX import

As reported on the Quicken community forum when Quicken 2016 R7 US edition or later (including Quicken from 2017 to 2022 all releases) imports a QFX file with USD currency on a non-USD account (Quicken allows to choose a non-USD account during QFX import), the account currency is changed to USD currency. Users cannot change the account currency back, so this is considered an issue that hopefully will be changed in the next release.

Quicken users face the issue of importing QFX files on non-USD accounts:

  • Importing with the USD currency set for the QFX file will result in the account currency being changed to USD in Quicken which cannot be changed back
  • Importing with non-USD currency set for the QFX file will be refused by Quicken

It is strongly advised to make a backup before importing any file into Quicken.

There are two workarounds for this issue when it comes to the import of transactions.

1. Use a proxy account and import a QFX file there and then cut and paste transactions under another account. Do not worry about currencies, amounts stay the same when you cut and paste transactions from one account to another if they have different currencies.

How to cut and paste transactions:

  • select an account with transactions
  • right click on the transactions grid, click "select all transactions"
  • right click again and click "cut transactions"
  • switch to another account
  • right click on the transactions grid and select "paste transactions"

2. Use QIF format.

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