Freetrade have done an excellent job of displaying financial amounts in £pounds for both UK and foreign stocks; and have got rid of the antiquated and confusing “pennies” (GBp / GBx). I personally think this is really good.
However, there is one scenario where it would be very useful to see a financial amount displayed in the foreign currency (eg, $dollars) as well as £pounds… And that is “Average Price Per Share”.
This is for anyone who uses “averaging down” strategy. “Averaging down” is where you buy shares when the price of the share is less than the average you have previously paid for other lots. This strategy reduces your average price per share downwards, and therefore to make a profit you only have to exceed the lower average price.
So for example, if Apple is trading currently at $118 it is not easy for me to quickly ascertain if this is higher/lower than my “average price per share” of £89.72