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How is Conversion P/L calculated?
Stocks are cash products, so if you buy a USD denominated stock for example from a CHF denominated account, your profit or loss will be influenced also by how the USDCHF exchange rate changes while you have the position open.
How to calculate the "Conversion P/L" shown in the Position Details, steps:
1) Calculate the difference between the Open and the Close conversion rate
2) Multiply the current market value of the position (in the instrument currency) by the difference between the 2 conversion rates.
Also, FX Options and Contract Options will display a "Currency Conversion P/L". This is because when they are traded (bought or sold) option premiums are also effectively taken from or added to the cash balance, just like when a stock or bond is bought or sold on the account.