ETF currency choice

🤝 Help
21

Found this while looking for SUSW and FX :grinning:

I too am a bit confused about FX chains, how does conversion work at the fund level? I buy SUSW with GBP on the LSE, T212 converts to EUR, the broker gives me second hand ETFs in EUR, right? Because currency FX rates all balance out and all conversions are done immediately, I lose nothing at buy and sell time and would get the same capital gains as if the ETF were GBP denominated, right? Even though what’s going on is GBP 》EUR 》USD? Or am I doing two currency risks here? :grimacing:

22

I recommend to do an experiment on Practice mode.
I bought few ETFs and Tesla, same value for all, in different currencies and I’m waiting at least 30 days to do a first measurement of any difference.
You can also check any impact on your dividends etc.

23

Any update on you experiment?

24

I will write a post about that just before 31 December :wink: