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Georgi

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About Georgi

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  1. Will someone from the IG community answers the question why the book cost is not fixed in native currency at the state of the world = the time of purchase of foreign shears (the exchange rate at the time of purchase)? This is the right thing to do, otherwise the running P/L is wrong..
  2. Hi, It seems that my book cost fluctuates. In order to calculate running P/L of the portfolio, the book cost should be fixed in the account native currency on time of purchase? Why is it changing? Is it because at the time when I bough US shares the GBP/USD was different? Also what does it mean when the book cost goes down in that scenario? Is it because NOW the GBP/USD is higher in value? I guess book cost going down than what I actually aid for it, it means that I'm losing on the exchange rate since I bought the shares respectively I bought US shares with my GBP ac
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