If you see Line #2, shouldnt it be 5264.94 as profit and not loss?
Let me provide a few details about your Unrealized Gains & Losses report.
The currency exchange rate changes every day. QuickBooks follows these exchange rates unless you manually change them to an exchange rate you prefer.
This said, your Current Balance shows your bank balance before the adjustments. And the Adjusted Balance shows your balance after the adjustments.
In addition, if your Current Balance is lower than the Adjusted Balance, that is considered a profit. But if your Current Balance is higher than that of the Adjusted Balance, it shows as a loss.
Fill me in if you have other concerns about your reports. I'll be sure to get back to you. Have a good one!