Wasn’t quite sure where to ask this but, how is value tracked within the app when the driver of gain/loss is currency divergence? For the purpose of the question I’m ignoring all FX fees and taxes.
Let’s say I buy £100 worth of US shares tomorrow at a rate of £1 = $1.35. At some point in time in the future, the rate is £1 = $1.215. But the shares that I’ve held since buying happen to still worth be worth exactly the same, $135.
Obviously if I were to sell them at that point I’d receive more in GBP, and at that point any profit would reflect in the total gain/loss of investment. But if I don’t sell them, how will those shares’ performance track in the app?