Hi Evan,
I have purchased US stocks and keyed in the exchange rate accordingly. However, I noticed that under the Current P&L , the figures are automatically converted to SGD and the amount shown seems significantly inaccurate.
I previously raised this issue about 1–2 years ago, but it appears that it has not been resolved. Could you please help take a look and advise what might be causing this discrepancy?
Thank you.
Hi Huijun,
Thank you for reaching out.
Yes, it might seems inaccurate because we are looking at it in different angles.
I assume you mean why is the USD +5.79% but the SGD is +2.47%? It is because it is not simply converting based on that but using Current Value of SGD - Current Cost of SGD to get that value.
TLDR: Even though your stocks have gained >5% in USD but from the time you buy the stocks (in USD) till now, SGD have grown stronger against USD. Btw, I added one more column in your portfolio called the FX% for you to easily see how much in FX% you have “lost”.
You can check out this post to learn more about the “How Current P&L is calculated”-> https://stockscafe.academy/knowledge-base/how-current-pl-is-calculated/
For even more advanced understanding, you can check this post → https://blog.stocks.cafe/825/better-handling-of-fx-in-stockscafe-fx-2-0/
Let me know if you have any questions.
Cheers,
Evan
