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I am a bit confused with the conversion charges when I look at my history of transactions.
Here is an example for US Share X:
Number of Shares bought: 164
Price per Share: $15.338
Total bought: 164 x 15.338 = $2,515.43
Conversion rate: 0.7895884
So if I understand right the conversion rate displayed already include the 0.5% conversion charges ?
If so the real cost of my transaction is:
$15 x 0.7895884 = £11.84
--> £1,998.02 - £11.84 = £1986.18 worth of shares including 0.5% Currency conversion charges
--> £1,986.18 - (£1,986.18/1.005) = £1,986.18 - £1,976.3 = £9.88 of Currency conversion charges
--> TOTAL Charges = £11.84 + £9.88 = £21.72
Is this correct ? I tried with the example illustrated here (https://www.ig.com/uk/investments/share-dealing/comparison). I however end up with a final cost of £29.66 instead of £30.53 so not sure where I am wrong...
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