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Confused by FX rates


maxshepcross

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Hi there. 

I originally invested AUD into my account, but all investments are in USD. My dashboard is converting the current USD profit/loss back to AUD and is showing an overall loss. But when I compare my original AUD investment against the current AUD value, I'm actually up.

It's twisting my brain! Can anyone help me understand this?

Thanks,

Max

 

 

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On 04/04/2023 at 18:50, maxshepcross said:

Hi there. 

I originally invested AUD into my account, but all investments are in USD. My dashboard is converting the current USD profit/loss back to AUD and is showing an overall loss. But when I compare my original AUD investment against the current AUD value, I'm actually up.

It's twisting my brain! Can anyone help me understand this?

Thanks,

Max

 

 

Hi @maxshepcross

You would be able to see the conversion rate (including the IG spread) on your transaction history. Since this is account related, please send an email to helpdesk.au@ig.com for more assistance. We can help calculate it for you to see if it matches the AUD value. 

All the best, 

OfentseIG

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