;doc:value reporting: edits
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# Value reporting
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hledger can also show amounts "at market value",
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converted to some other commodity using the conversion rate, AKA market price, on a certain date.
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This is controlled by the `--value=TYPE[,COMMODITY]` option, which will be described below. We also provide the simpler `-V`
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and `-X COMMODITY` options, and often one of these is all you need.
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converted to some other commodity using the market price or conversion rate on a certain date.
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This is controlled by the `--value=TYPE[,COMMODITY]` option.
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We also provide simpler `-V` and `-X COMMODITY` aliases for this, which are often sufficient.
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The market prices are declared with a special `P` directive, and/or they can be inferred from the costs recorded in transactions using the `--infer-market-prices` flag.
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## -V: Value
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