We’re pleased to share a brand new and highly-requested feature today.
You can now view your investments in either GBP or the exchange currency, e.g. USD or EUR.
This can help you better understand your headline exposure to foreign currencies, a useful data point when assessing your portfolio, and something which may be particularly helpful at the moment.
Just tap on the toggle on your investment to use the feature.
The feature is rolling out to all Android and iOS users now.
I saw someone taking about this yesterday. Good feature.
I think it would also be great if you were able to add some education on how currency conversions are calculated in a help page? I expect people will have questions as time goes on
Can’t exactly replicate exactly when it happens, but usually the first share selected shows it ok. Viewing additional ones (or minimising the app) sometimes start the toggle like the below. Shutting down and restarting it goes back to normal.
Hey @Eden, we are considering our options on the more info content. Potentially we will add this very soon.
Hey @JimmyJ, thanks for pointing this out! This only exist on android and it is just a visual bug and the fix is already in. It should be live starting from next week
Great feature! Im looking forward to it working. Is this why my app is being a bit bug like at the moment? I have put in two orders this morning and the point blank is refusing. Also, it seems utterly confused by my isa and gia accounts and is showing the isa portfolio on the gia account.
Woriking ok after updating the app on Android.
Noticed that the Investment gain/loss changes toggling from £ to $ (+25.31% to +10.16%) - is this reflecting exchange rate difference from when purchasing to current ? Will calculate later when I have time
Yes. Which it should. It emphasises the percentage gain/difference depends on currency movements relative to the currency you convert from and to and on the date/time at which these currency conversions occur.
We have enabled the feature just now. It is being rolled out gradually but since you downloaded again you should have the latest version for iOS. It should be all good now
So I currently hold some msft at an average price of £218 and if I convert that to dollars via google it gives me a price off $245.45 however if I use the toggle it gives me $289.90??
Great feature, although randomly noriced that when I switch between the two currencies for my Tesla shares, £ shows me as being up by 18%, yet % shows being down 3%?
The currency rate is way off also £170 average share peice, yet in dollars thats 240?
It seems people are learning that their dollar gains are not the same as their pound gains (even as percentages). Yes your pound gains are very likely to be higher than your dollar gains because the pound has weakened between the time you bought and now.
Please remember that to determine your pound gains you need to take into account two different rates. The FX you bought at and the present FX. Plus don’t forget the 45bps each way. If you are simply multiplying your pound loss/gain by the latest FX you are not doing the correct thing to go to dollar loss/gain.
Without having any reference points you can’t say that. Just as an example - I can see a 20% difference in the exchange rate between June 2021 and today (for example) … and looking at the Tesla share price on 1 June 2021 and today that makes a difference of roughly 45 pounds for one share.
