# Conversion difference?

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I'm missing something:

I bought 167 shares of Visa for an average book cost of 121.68 in three purchases:

1. Price: 124.18 Consideration \$6829.90, Commission: \$15.00,  Total in GBP: £4918.34

2. Price: 122.04 Consideration \$6712.20, Commission: \$15.00, Total in GBP: £4913.34

3. Price: 118.83 Consideration \$6773.31, Commission: \$15.00, Total in GBP: £4944.81

So a total consideration of \$20,315.41 Fee's of \$45.00, and a GBP total cost (inc fees of) £14,776.49

A few days later - I sold at 124.5: Consideration: \$-20791.50, Commission: \$15.00, "Charges" \$0.48 Total Cost: £-14,894.49

IG was saying I was \$476.09 in profit (before fees) However, you can see in UK GBP, my profit is £118 (the exchange rate is around 0.72 at the time)

According to Google's exchange converter, it should be around £339.30 (and according to my own maths it should be £342 ish)

So, roughly, where is the missing £200~? What am I missing?? I'm suspicious that the "charges" of \$0.48 might be per share? is that the case, I can't find any documentation about it.

I appreciate that exchange rate is a factor, (both in and out I guess?),

Where can I check that the sell order was fully filled at that price? Is there anywhere?

Any ideas would be great, I'm obviously still in profit so I'm not "bothered" - just wondering what exactly happened so I can avoid in future.

I recon it must be exchange rates. When did you buy origionally? Done forget there have been some relatively large moves in this month alone up about 2% since the start of the month. There should be exchange rates on your statement.

Okay, so the exchange rates on the history tab are this:

(avg: 0.7293988)

Sell: 0.7169232   (so down = 0.0124756)

So that's a what? -1.24% drop ?

That doesn't total the missing amount (at least, I don't think it does?)

Ok so you’re costs are basically

Commissions of \$60

Underlying fx movement of 1.24% roughly

...and don’t forget the GBPUSD commission of IG which is 0.3% when you convert to usd, and then AGAIN when you convert back. So that’s another 0.6%

Those percentages would be about \$275 usd which is about £200. So that works out right? Or are those fx conversion fees included? Dunno.

Hmm interesting, GBPUSD commission? Any idea where they are outlined? They don't appear in the trade history invoice.

Yeh. 0.6% isn’t too bad tbh as I know at iWeb it was something crazy like 1.5% each way which is 3% round trip, and I think Barclay or hsbc or something was 1.75 each way so 3.5% total.

That 2.9% would have been something like 435 quid on a £15k trade. Mad really.

0.3 each way is the lowest I’ve ever seen, so...

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