Currency divergence

First Time Investing šŸ£
#1

Wasnā€™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 Iā€™m ignoring all FX fees and taxes.

Letā€™s say I buy Ā£100 worth of US shares tomorrow at a rate of Ā£1 = $1.35. At some point in time in the future, the rate is Ā£1 = $1.215. But the shares that Iā€™ve held since buying happen to still worth be worth exactly the same, $135.

Obviously if I were to sell them at that point Iā€™d receive more in GBP, and at that point any profit would reflect in the total gain/loss of investment. But if I donā€™t sell them, how will those sharesā€™ performance track in the app?

#2

The value reflected is always converted back to GBP at the current rate so you would see the changes in FX in your valuation.

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