;doc: cli: clean up -V/-X a little
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				| @ -464,20 +464,15 @@ This flag is equivalent to `--value=cost`, described below. | |||||||
| ### -V: Market value | ### -V: Market value | ||||||
| 
 | 
 | ||||||
| The `-V/--market` flag converts reported amounts to their market value in a default valuation commodity, | The `-V/--market` flag converts reported amounts to their market value in a default valuation commodity, | ||||||
| using the [historical market prices](journal.html#market-prices) in effect on a default valuation date. | using the [market prices](journal.html#market-prices) in effect on a default valuation date. | ||||||
|  | For single period reports, the valuation date is today; | ||||||
|  | for [multiperiod reports](#report-intervals), it is the last day of each subperiod. | ||||||
|  | It is equivalent to `--value=now` or `--value=end` (see below). | ||||||
| 
 | 
 | ||||||
| For single period reports, the valuation date is today. | The default valuation commodity is the one referenced in the latest | ||||||
| For [multiperiod reports](#report-intervals), it is the last day of each subperiod. |  | ||||||
| 
 |  | ||||||
| The valuation commodity will be the one referenced in the latest |  | ||||||
| applicable market price dated on or before the valuation date. | applicable market price dated on or before the valuation date. | ||||||
| If most of your P declarations lead to a single home currency, this will usually be what you want. | If most of your P declarations lead to a single home currency, this will usually be what you want. | ||||||
| 
 | (To specify the commodity, see -X below.) | ||||||
| Unlike the similar flag in Ledger, it does not infer market prices |  | ||||||
| from [transaction prices](/manual.html#transaction-prices). In |  | ||||||
| hledger, -B uses transaction prices, -V and -X use market prices. |  | ||||||
| 
 |  | ||||||
| It is equivalent to `--value=now` or `--value=end`. |  | ||||||
| 
 | 
 | ||||||
| Here's a quick example: | Here's a quick example: | ||||||
| 
 | 
 | ||||||
| @ -509,12 +504,15 @@ $ hledger -f t.j bal -N euros -V | |||||||
|              $103.00  assets:euros |              $103.00  assets:euros | ||||||
| ``` | ``` | ||||||
| 
 | 
 | ||||||
|  | Note that in hledger, market prices are always declared explicitly with P directives; | ||||||
|  | we do not infer them from [transaction prices](/manual.html#transaction-prices) as Ledger does. | ||||||
|  | 
 | ||||||
| ### -X: Market value in specified commodity | ### -X: Market value in specified commodity | ||||||
| 
 | 
 | ||||||
| The `-X/--exchange` option is like `-V/--market` except it takes a | The `-X/--exchange` option is like `-V/--market` except it takes a | ||||||
| commodity symbol argument, so that you can select a different target commodity. | commodity symbol argument, so that you can select a different target commodity. | ||||||
| It is similar to the same option in Ledger, with the same caveat mentioned for `-V`/`--value` above. | It is similar to the same option in Ledger, with the same caveat mentioned above. | ||||||
| It is equivalent to `--value=now,COMM` or `--value=end,COMM`; for more details, read on. | It is equivalent to `--value=now,COMM` or `--value=end,COMM`. | ||||||
| 
 | 
 | ||||||
| ### --value | ### --value | ||||||
| 
 | 
 | ||||||
|  | |||||||
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