Can anyone explain to me why the details in my open positions tab don’t seem to add up? [sample] How can I have bought 1 share at 30.00, It’s current price rises to 31.56 and my result is +4.37 (19.11%) Confused!

stock is MRNA… local currency is GBP

Yeah, it’s exchange rate. By buying that stock, you have also exposed yourself to the US dollar as it is a US company. US dollars have massively increased in value over the last few days reducing the GBP/USD exchange rate. Your dollars are now worth more pounds than when you bought the stock.

So the “price” is what I paid in US$?.. The “current price” is the current price in US$?.. And “result” is my gain/loss in GBP??

So how does $1.56 equate to £4.37?.. Wouldn’t that be something like $0.35 to the pound??

No it’s $31.56*0.87=£27.45 Less £4.37 = £23.09 So you paid about £23.09 for the position. Edit: The 0.87 is the USD/GBP exchange rate

Ah… I see. Thanks for clearing that up.

Does this mean if I buy UK stocks shares it wont do the same thing? Thing is my US shares shows me a UK price equivalent and it still doesn’t work out ??

You will need to provide more information about your position. But if you bought a US stock in the last few days, you will have lost money due to exchange rate as the US dollar has fallen in value after a massive surge upwards in the dollar index. This wouldn’t happen with a UK stock. But it will h…

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nickspacemonkey March 19, 2020, 10:40am 2

Probably exchange rate. What stock is this and what is your local currency?

Have the spread size changed

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